Kingfa Sci. & Tech. Co., Ltd. Provides Earnings Guidance for the year 2019
January 19, 2020
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Kingfa Sci. & Tech. Co., Ltd. predicted an increase of between RMB 530,000,000 and RMB 668,000,000 in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year increase of between 85% and 107% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 625,000,000 and RMB 763,000,000 compared with the same period the year before (based on the disclosed statistics according to relevant regulations), with an increase of between 189% and 231%.
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.