Shanghai New World Co., Ltd Provides Earnings Guidance for the First Quarter of 2017
April 16, 2017
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Shanghai New World Co. Ltd. provided earnings guidance for the first quarter of 2017. According to preliminary statistics of its financial department, the Company predicts an increase of between 1,830% and 1,880% in its net profit owned by shareholders of listed company in the first quarter of 2017 compared with RMB 13,830,200 in the same period of the year before.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
