Hubei Zhenhua Chemical Co.,Ltd. Provides Preliminary Earnings Guidance for the First Half of 2018
July 01, 2018
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Hubei Zhenhua Chemical Co.,Ltd. provided preliminary earnings guidance for the first half of 2018. For the year, the company expects the net profit owned by shareholders of the listed company to be between RMB 86.34 million and RMB 91.42 million, with an increase of between RMB 35.55 million and RMB 40.63 million compared with the same period the year before, and a year-on-year increase of between 70% and 80%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss is expected to be between RMB 84.76 million and RMB 89.84 million, an increase of between RMB 35.77 million and RMB 40.86 million compared with the same period the year before, and a year-on-year increase of between 73% and 83%.
Hubei Zhenhua Chemical Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of chromium salt by-products. The Company operates its business through four segments: Inorganic Salt-related Industry segment, Logistics and Transportation Industry segment, Construction Engineering segment and Other segment. The Company's products include sodium dichromate, potassium dichromate, chromic anhydride, chromium oxide green, basic chromium sulfate, refined Yuanming powder, chromium yellow, metallic chromium and ultrafine aluminum hydroxide, etc. The Company's products are used in surface treatment, pigments, tanning, medicine, dyes, new materials, spices, feed additives and other industries. The Company mainly conducts its businesses in the domestic market and overseas markets.