China Reform Culture Holdings Co., Ltd. Provides Preliminary Earnings Guidance for the Year 2018
January 27, 2019
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China Reform Culture Holdings Co., Ltd. provided preliminary earnings guidance for the year 2018. The Company predicts that the net profit belonging to shareholders of the listed company in 2018 will be about RMB 530 million, with an increase of about RMB 482.19 million compared with the same period of the year before and with a year-on-year increase of about 1,008%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 130 million. Du to elements including change of consolidated scope of assets reorganization, the net profit will decrease by RMB 9.94 million compared with the same period of the year before, with a year-on-year decrease of about 7%.
China Reform Culture Holdings Co Ltd, formerly Shanghai 3F New Materials Co Ltd, is a China-based company mainly engaged in cultural and educational businesses. The Company operates two main businesses. The culture and education business focuses on investment and construction, financial services, operation and maintenance in the education informatization field. The vocational education business focuses on the field of integration of production and education, uses digital technology to create training laboratory products and provides supporting services, and provides colleges and universities with practical teaching solutions that synchronize with industrial development.