CMST Development Co., Ltd. Provides Preliminary Earnings Guidance for the First Quarter of 2017
April 06, 2017
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CMST Development Co. Ltd. provided preliminary earnings guidance for the first quarter of 2017. The company predicts a decrease of about 80% in the net profit belonging to shareholders of the listed company in the first quarter of 2017 compared with the same period of the year before (RMB 229.23 million). It is predicted that the net profit belonging to shareholders of the listed company in the 1st quarter of 2017 after excluding extraordinary profit and loss will be about RMB 27 million. The company turns losses into gains compared with the same period of the year before a loss of RMB 4.27 million.
China Storage Development Co., Ltd. is a Chinese company mainly engaged in warehousing and logistics business. The company's business covers futures and spot delivery logistics, 'warehousing +' supply chain, Internet + logistics, Internet of Things, multimodal transport, consumer goods logistics, engineering logistics, international freight forwarding and other fields. The company's products include 'China Storage Steel Super' for integrated services such as trading, warehousing, transportation, processing, information consulting, marketing, and finance, and 'Huoduibao', a supply chain collaboration service platform.