Asian Star Anchor Chain Co., Ltd. Jiangsu Provides Earnings Guidance 2019
January 16, 2020
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According to preliminary statistics of its financial department, Asian Star Anchor Chain Co., Ltd. Jiangsu will turn losses into gains in its business performance in 2019 compared with the same period of the year before, with the net profit belonging to shareholders of the listed company to be about RMB 88 million. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 53 million.
Asian Star Anchor Chain Co Ltd Jiangsu is a China-based company mainly engaged in marine anchor chains, offshore oil platform mooring chains and mining chains. The Company's main products are marine anchor chains and accessories, offshore platform mooring chains and their supporting accessories, and mining chains and their supporting accessories. The anchor chains and mooring chain products produced by the Company are devices for maintaining the safety of ships and marine engineering facilities, and are components of offshore mooring positioning systems, and are supporting industries for the shipbuilding and marine engineering industries. The Company's mining chains are mainly used in mainstream domestic coal mining enterprises. The Company's products are exported to many countries and regions such as Japan, South Korea, Europe, and the United States.