Kingfa Sci. & Tech. Co., Ltd. Provides Earnings Guidance for the First Half of 2020
July 12, 2020
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Kingfa Sci. & Tech. Co., Ltd. provided earnings guidance for the first half of 2020. The Company predicts that the net profit belonging to shareholders of the listed company in the 1st half of 2020 will be between RMB 2,345 million and RMB 2,446 million with an increase of between RMB 1,835 million and RMB 1,936 million compared with the same period of the year before. The net profit belonging to shareholders of the listed company in the 1st half of 2020 after excluding extraordinary profit and loss will be between RMB 2,317 million and RMB 2,418 million, with an increase of between RMB 1,942 million and RMB 2,043 million compared with the same period of the year before.
KINGFA SCI. &TECH.CO., LTD. is a China-based company principally engaged in the research, development, production and sales of new chemical materials. The Company's main products include modified plastics, biodegradable plastics, high-performance carbon fibers and composite materials, special engineering plastics, environmentally friendly high-performance recycled plastics and others. Its products are mainly applied in automotive, household appliances, modern agriculture, rail transportation, aerospace, high-end equipment, new energy, communications, electrical and electronic, as well as building decoration industries. The Company distributes its products in domestic market and to overseas markets.
KINGFA SCI. & TECH. CO., LTD. 
