Shanghai New World Co., Ltd. Provides Earnings Guidance for the Year 2017
January 28, 2018
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Shanghai New World Co. Ltd. provided earnings guidance for the year 2017. For the year 2017, the company predicts that the net profit belonging to shareholders of the listed company in 2017 will increase by between RMB 167 million and RMB 200 million with an increase of between 66% and 79% compared with RMB 252,720,500 at the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 142 million and RMB 170 million with an increase of between 1,848% and 2,212% compared with RMB 7,686,000 at the same period of the year before.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
