Kingfa Sci. & Tech. Co., Ltd. Provides Earnings Guidance for the First Half of 2020
July 11, 2020
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Kingfa Sci. & Tech. Co., Ltd. provided earnings guidance for the first half of 2020. The Company predicts that the net profit belonging to shareholders of the listed company in the 1st half of 2020 will be between RMB 2,345 million and RMB 2,446 million with an increase of between RMB 1,835 million and RMB 1,936 million compared with the same period of the year before. The net profit belonging to shareholders of the listed company in the 1st half of 2020 after excluding extraordinary profit and loss will be between RMB 2,317 million and RMB 2,418 million, with an increase of between RMB 1,942 million and RMB 2,043 million compared with the same period of the year before.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.