Jiangxi Guotai Group Co., Ltd. Provides Earnings Guidance for the First Three Quarters of 2020
October 11, 2020
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Jiangxi Guotai Group Co., Ltd. predicted that the net profit belonging to shareholders of the listed company will increase by between RMB 143,726,400 and RMB 172,471,700 in the first three quarters of 2020, with an increase of between RMB 28,745,300 and RMB 57,490,600 and an increase of between 25% and 50% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 122,778,300 and RMB 147,333,900 with an increase of between RMB 24,555,700 and RMB 49,111,300 and an increase of between 25% and 50% compared with the same period of the year before.
Jiangxi Guotai Group Co., Ltd., formerly Jiangxi Guotai Industrial Explosive Group Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of civil explosive products and the provision of blasting services. The Companyâs products include industrial explosives, industrial detonators, as well as industrial detonating cords, among others. The Companyâs products are applied in the mining operations, infrastructure construction and other related fields. The Company is also involved in the development of blasting operation video surveillance platform and the provision of engineering installation services. The Company mainly operates its business in domestic market.
JIANGXI GUOTAI GROUP CO.,LTD. 
