China Jushi Co., Ltd. Provides Earnings Guidance for the Full Year Ended December 31, 2017
January 27, 2018
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China Jushi Co., Ltd. provided earnings guidance for the full year ended December 31, 2017. According to preliminary statistics of its financial department, the company predicts an increase of between RMB 530 million and RMB 610 million and between 35% and 40% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations) in the net profit belonging to shareholders of the listed company in 2017. The net profit belonging to shareholders of the listed company excluding extraordinary profit and loss will increase by between RMB 530 million and RMB 600 million (based on the disclosed statistics according to relevant regulations), with an increase of between 36% and 42% compared with the same period of the year before.
CHINA JUSHI CO., LTD., formerly CHINA FIBERGLASS CO., LTD, is a China-based company principally engaged in the research and development, manufacture and distribution of fiberglass and related products. The Company's major product is glass fiber yarn. The Company also provides complex fiber products, yarns for high-performance wind power and oil high pressure pipes. Its products are applied in aerospace, construction, transportation, industrial equipment, wind power generation and other areas. The Company distributes its products in domestic and overseas markets.