Asia Cuanon Technology Co., Ltd. Provides Earnings Guidance for the First Three Quarters of 2019
October 15, 2019
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Asia Cuanon Technology (Shanghai) Co., Ltd. provided earnings guidance for the first three quarters of 2019. For the period, according to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the listed company in the 1st three quarters of 2019 will be about RMB 79,763,100 with an increase of about 53.91% compared with the same period of the year before. It is predicted that the net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 66,565,000 with an increase of about 50.27% compared with the same period of the year before.
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.