Shanghai Fenghwa Group Co., Ltd Provides Earnings Guidance for the Year 2017
January 30, 2018
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Shanghai Fenghwa Group Co. Ltd. provided earnings guidance for the year 2017. According to preliminary statistics of its financial department, the company predicts a year-on-year increase of between RMB 95 million and RMB 98 million in its net profit owned by shareholders of the company in 2017, a year-on-year increase of between 1,025.92% and 1,058.32%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will decrease by between RMB 5 million and RMB 6 million, a year-on-year decrease of between 121.65% and 145.99%.
Chongqing Fenghwa Group Co Ltd, formerly Shanghai Fenghwa Group Co Ltd, is a China based company principally engaged in the research and development, manufacture and sales of magnesium alloy and aluminum alloy products. The Company's main businesses include auto parts magnesium alloy, aluminum alloy products and all-aluminum home custom design and manufacture. Its main products include automobile steering wheel frame, automobile seat slide rail, automobile instrument back cover, motorcycle parts, hand tools and other magnesium alloy and aluminum alloy die-casting parts, as well as all-aluminum home office products, wall panels, new partition screens and home improvement wardrobes, cabinets, bathroom cabinets and others. The Company's products are distribute in domestic and overseas markets.