Zhejiang Longsheng Group Co., Ltd. Announces Earnings Guidance for the Year 2018
January 24, 2019
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Zhejiang Longsheng Group Co., Ltd. announced earnings guidance for the year 2018. For the year, the company predicts that the net profit belonging to shareholders of the listed company in 2018 will be between RMB 4 billion and RMB 4.2 billion, with an increase of between RMB 1,526,000,000 and RMB 1,726,000,000 compared with the same period of the year before and with a year-on-year increase of between 61.69% and 69.78%. It is predicted that the net profit belonging to shareholders of the listed company in 2018 after excluding extraordinary profit and loss will be between RMB 3.7 billion and RMB 3.9 billion, with an increase of between RMB 1,872,000,000 and RMB 2,072,000,000 compared with the same period of the year before, with a year-on-year increase of between 102.41% and 113.35%.
Zhejiang Longsheng Group Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of dye products. The Company's product portfolio consists of specialty chemical products and basic chemicals, including dye, addition agents, chemical intermediates, water reducing agents, as well as inorganic products and others. In addition, the Company is also engaged in the real estate business, as well as the provision of auto parts and development solutions. The Company distributes its products within domestic market and to overseas markets.