Shanghai Fenghwa Group Co., Ltd Provides Earnings Guidance for 2019
January 19, 2020
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Shanghai Fenghwa Group Co. Ltd. provided earnings guidance for 2019. The company predicts an increase of about RMB 22,000,000 in the net profit belonging to shareholders of listed company in 2019 compared with the same period of the year before, with a year-on-year decrease of about 235%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by RMB 3,770,000 compared with the same period of the year before.
Chongqing Fenghwa Group Co Ltd, formerly Shanghai Fenghwa Group Co Ltd, is a China based company principally engaged in the research and development, manufacture and sales of magnesium alloy and aluminum alloy products. The Company's main businesses include auto parts magnesium alloy, aluminum alloy products and all-aluminum home custom design and manufacture. Its main products include automobile steering wheel frame, automobile seat slide rail, automobile instrument back cover, motorcycle parts, hand tools and other magnesium alloy and aluminum alloy die-casting parts, as well as all-aluminum home office products, wall panels, new partition screens and home improvement wardrobes, cabinets, bathroom cabinets and others. The Company's products are distribute in domestic and overseas markets.