Chongqing Zaisheng Technology Co., Ltd. Provides Earnings Guidance for the First Three Quarters of 2020
October 14, 2020
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Chongqing Zaisheng Technology Co., Ltd. provided earnings guidance for the first three quarters of 2020. The company predicts the net profit owned by shareholders of the listed company from January to September of 2020 to be between RMB 302,390,000 and RMB 329,390,000, with an increase of between RMB 168,000,000 and RMB 195,000,000 and an increase of between 125% and 145% compared with the same period the year before (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 291,610,000 and RMB 318,610,000 with an increase of between RMB 159,000,000 and RMB 186,000,000 and an increase of between 120% and 140% compared with the same period of the year before.
Chongqing Zaisheng Technology Co., Ltd. is a China-based company primarily engaged in the research, development, manufacture and sales of microfiber glass wool products and related equipment. The Company primarily provides microfiber glass wool products, glass fiber filter paper, purification equipment, as well as core materials and insulation energy-saving materials. Its products are mainly used in air filtration, refrigerators and freezers industries. It distributes its products within domestic market and to overseas markets.