Henan Mingtai Al.Industrial Co., Ltd. Provides Earnings Guidance for the First Three Quarters of 2020
October 11, 2020
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Henan Mingtai Al.Industrial Co., Ltd. provided earnings guidance for the first three quarters of 2020. According to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the listed company in the 1st three quarters of 2020 will be about RMB 717 million with an increase of about RMB 17 million compared with the same period of the year before, with a year-on-year increase of about 2.43%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 591 million, with an increase of about RMB 129 million compared with the same period of the year before, with a year-on-year increase of about 30%.
Henan Mingtai Al Industrial Co Ltd is a China-based company mainly engaged in the aluminum sheet, strip and foil, aluminum profiles and comprehensive utilization of renewable resources. The Company's main products include soft pack battery aluminum foil, electronic foil, checkered plate, commercial vehicle lightweight material, food and drug packaging foil, rail car body profile, aluminum alloy rail car body, new energy battery tray, automotive profile, extruded aluminum for Ultra High Voltage (UHV) transmission equipment Gas Insulated Line (GIL) Pipes, rail vehicle interior parts and other products. The Company's products are mainly used in new energy, new materials, Fifth Generation (5G) communication, pharmaceutical packaging, food packaging, transportation, UHV power transmission, rail car body, military industry and many other fields. The Company distributes its products in domestic market and to overseas markets.