Shanghai New World Co., Ltd Provides Earnings Guidance for the Full Year of 2016
January 20, 2017
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Shanghai New World Co. Ltd. provided earnings guidance for the full year of 2016. The company predicts an increase of between 350% and 400% in its net profit belonging to shareholders of the listed company in 2016 compared with that of RMB 52,207,500 in the same period of the year before. The net profit belonging to shareholders of the listed company in 2016 after excluding extraordinary profit and loss will be roughly flat compared with that of RMB 5,145,500 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 
