Shanghai Yuyuan Tourist Mart Co., Ltd. Provides Preliminary Earnings Guidance for the First Quarter of 2019
April 15, 2019
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Shanghai Yuyuan Tourist Mart Co., Ltd. provided preliminary earnings guidance for the first quarter of 2019. For the quarter, according to preliminary statistics of its financial department, the Company predicts an increase of between RMB 120 million and RMB 170 million in its net profit owned by shareholders of the listed company in the 1st quarter of 2019 compared with the same period of the year before, with a year-on-year increase of between 56% and 79% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 30 million and RMB 90 million compared with the same period of the year before, with a year-on-year increase of between 18% and 55% (based on the disclosed statistics according to relevant regulations). The Company had completed significant assets reorganization in 2018. This transaction involves merger enterprises under the same control. According to regulations in the Accounting Standards for Business Enterprises, the Company conducted retroactive adjustments to comparative data for the same period last year. The net profit belonging to shareholders of the listed company in the 1st quarter of 2019 will increase by between RMB 170 million and RMB 220 million compared with the same period of the year before, with a year-on-year increase of between 104% and 134% after retroactive adjustments. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 30 million and RMB 90 million compared with the same period of the year before, with a year-on-year increase of between 18% and 55%.
Shanghai Yuyuan Tourist Mart Group Co Ltd is a China-based company mainly engaged in the jewelry and fashion business. The Company operates 11 segments. Jewelry and Fashion segment is engaged in the sales of gold, platinum, diamond-set, jade, jade, watches and other jewelries. Property Development and Sales segment is engaged in the development and sales of commercial properties. The Company also operates Catering Management and Service segment, Food, Department Store and Handicraft Sales segment, Medicine & Health and Others segment, Cosmetics segment, Fashion Watch segment, Commercial Operation Management and Leasing segment, Resort segment, Other Operations and Management Services segment and Wine Industry segment.