Fujian Longxi Bearing Co., Ltd. Provides Earnings Guidance for the Year 2019
January 16, 2020
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Fujian Longxi Bearing (Group) Co. Ltd. provided earnings guidance for the year 2019. According to preliminary statistics of its financial department, the Company predicts an increase of between RMB 55,980,000 and RMB 65,710,000 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 63.79% and 74.89% (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 decrease by between RMB 34,180,000 and RMB 40,120,000 compared with the same period of the year before, with a year-on-year decrease of between 78.50% and 92.15% (based on the disclosed statistics according to relevant regulations).
FUJIAN LONGXI BEARING (GROUP) CO., LTD is a China-based company principally engaged in the manufacture and distribution of mechanical basic parts and related parts. The Company's major products include bearing products, gears, gear boxes, automobile spare parts, knitting machines, rolling components and powder metallurgy. The Company's bearing products are spherical plain bearings, including radial spherical plain bearings with lubrication, radial spherical plain bearings with self-lubrication and ball end spherical plain bearings, as well as tapered roller bearings, bearings of composite materials, cylinder roller bearings, deep groove ball bearings and others. The Company distributes its products within domestic market and to overseas markets.
FUJIAN LONGXI BEARING (GROUP) CO., LTD 
