Zhejiang Red Dragonfly Footwear Co., Ltd. Provides Earnings Guidance for 2019
January 20, 2020
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Zhejiang Red Dragonfly Footwear Co., Ltd. provided earnings guidance for 2019. The company predicts a decrease of between RMB 68,619,300 and RMB 107,830,300 in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year decrease of between 35% and 55%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 61,353,600 and RMB 98,165,800, with a year-on-year decrease about between 50% and 80%.
ZHEJIANG RED DRAGONFLY FOOTWEAR CO.,LTD. is a China-based company principally engaged in the manufacturing and sales of shoes and apparels. The Company's main businesses include design, development, manufacturing and sale of leather shoes, leather goods and children's products. The Company distributes products under the brand named Red Dragonfly; its main products include adult men's and women's shoes, children's shoes and apparels, leather belts, wallets and leather handbags, among others. The Company operates its business in domestic market where the East China area serves as its main market.