Henan Mingtai Al.Industrial Co., Ltd. Provides Financial Guidance for 2019
January 13, 2020
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Henan Mingtai Al.Industrial Co., Ltd. provided financial guidance for 2019. The Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be about RMB 939 million with an increase of about RMB 444 million compared with the same period of the year before, with a year-on-year increase of about 90%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 616 million, with an increase of about RMB 222 million compared with the same period of the year before, with a year-on-year increase of about 56%.
Henan Mingtai Al Industrial Co Ltd is a China-based company mainly engaged in the aluminum sheet, strip and foil, aluminum profiles and comprehensive utilization of renewable resources. The Company's main products include soft pack battery aluminum foil, electronic foil, checkered plate, commercial vehicle lightweight material, food and drug packaging foil, rail car body profile, aluminum alloy rail car body, new energy battery tray, automotive profile, extruded aluminum for Ultra High Voltage (UHV) transmission equipment Gas Insulated Line (GIL) Pipes, rail vehicle interior parts and other products. The Company's products are mainly used in new energy, new materials, Fifth Generation (5G) communication, pharmaceutical packaging, food packaging, transportation, UHV power transmission, rail car body, military industry and many other fields. The Company distributes its products in domestic market and to overseas markets.