Zhejiang Xinan Chemical Industrial Group Co.,Ltd Provides Earnings Guidance for the First Quarter of 2019
April 15, 2019
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Zhejiang Xinan Chemical Industrial Group Co.,Ltd provided earnings guidance for the first quarter of 2019. According to preliminary statistics of its financial department, the Company predicts that there will be great decrease in its business performance in the first quarter of 2019 compared with the same period of the year before, with the net profit belonging to shareholders of the listed company to be between RMB 118 million and RMB 125 million, with a decrease of between RMB 134,353,200 and RMB 141,353,200 compared with the year before and with a year-on-year decrease of between 51.80% and 54.50%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in the first quarter of 2019 will be between RMB 110 million and RMB 117 million, with a decrease of between RMB 137,173,700 and RMB 144,173,700 compared with the year before and with a year-on-year decrease of between 53.97% and 56.72%.
Zhejiang XinAn Chemical Industrial Group Co Ltd is a China-based company mainly engaged in the manufacturing of chemical raw materials and chemical products. The Company operates its businesses through six segments. The Agrichemical Self-produced Products segment is principally engaged in the manufacture and sale of agrochemical self-produced products. The Agrichemical Trading Products segment is principally engaged in the manufacture and sale of agrochemical trading products. The Silicon-based Material Basic Products segment is principally engaged in the manufacture and sale of silicon-based material basic products. The Silicon-based Terminals and Specialty Silane Products segment is principally engaged in the manufacture and sale of silicon-based terminals and specialty silane products. The New Chemical Materials segment is principally engaged in the manufacture and sale of new chemical materials. The Company is also engaged in other segments.