Ningbo Shanshan Co.,Ltd. Provides Preliminary Earning Guidance for the Nine Months of 2018
October 18, 2018
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Ningbo Shanshan Co.,Ltd. provided preliminary earning guidance for the nine months of 2018. The company predicts an increase of between RMB 550 million and RMB 620 million in its net profit owned by shareholders of the listed company in the first three quarters of 2018 compared with the same period of the year before (based on the disclosed statistics according to relevant regulations), with a year-on-year increase of between 117.53% and 132.49%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 0 and RMB 20 million compared with the same period of the year before (based on the disclosed statistics according to relevant regulations), with a year-on-year increase of between 0% and 5.35%.
Ningbo Shanshan Co Ltd is a China-based company mainly engaged in the research and development, production and sales of polarizers and lithium battery materials. The Company mainly conducts its businesses through nine segments. The Polarizer segment is mainly engaged in the research and development, production and sales of polarizers. The Cathode Material segment provides lithium cobalt oxide, lithium nickel cobalt manganate, lithium nickel cobalt aluminate and lithium manganate. The Anode Materials segment provides artificial graphite, natural graphite, and silicon-based anodes. The Electrolyte Materials segment provides electrolytes and lithium hexafluorophosphate. The Lithium Salt Materials segment provides lithium salts. The New Energy Vehicle segment provides charging services. The Energy Management segment is mainly engaged in material sales, photovoltaic power generation and other businesses. The Company also provides business through Investment segment and Other segment.