Asia Cuanon Technology Co., Ltd. Announces Earnings Guidance for 2019
January 17, 2020
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Asia Cuanon Technology (Shanghai) Co., Ltd. announced earnings guidance for 2019. According to preliminary statistics of its financial department, the Company predicts the net profit owned by shareholders of the listed company in 2019 to be between RMB 105.73 million and RMB 117.46 million, with an increase of between RMB 47 million and RMB 58.73 million compared with the same period the year before, a year-on-year increase of between 80% and 100%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 32.93 million and RMB 40.24 million, a year-on-year increase about between 90% and 110%.
ASIA CUANON TECHNOLOGY (SHANGHAI) CO., LTD. is a China-based company principally engaged in research, development, manufacturing, sales and service-providing of building insulation decoration integrated products, building insulation materials, functional architectural coatings and its application systems. The Company operates through two main segments. The Main Business segment is principally involved in the sales of building decoration materials, including insulation decorative panels, real gold fire insulation board and functional architectural coatings, among others. The Other Business segment is mainly engaged in the sales of related supporting materials.