Jilin Yatai Co., Ltd. Announces Earnings Guidance for the Year 2018
January 28, 2019
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Jilin Yatai (Group) Co., Ltd. announced earnings guidance for the year 2018. The company predicts that the net profit owned by shareholders of the listed company in 2018 will be between RMB 10 million and RMB 90 million with a decrease of between RMB 700 million and RMB 780 million and a decrease of between 88.56% and 98.68% compared with the same period of the year before (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 in 2017 will be RMB 705.6 million, the net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in 2018 will be between RMB-65 million and RMB-15 million with a decrease of between RMB 690 million and RMB 770 million with a decrease of between RMB 690 million and RMB 770 million compared with the same period of the year before (based on the disclosed statistics according to relevant regulations). The net profit in 2018 impacted by extraordinary profit and loss will be about RMB 75 million and is mainly attributed to subsidy obtained from the government.
JILIN YATAI (GROUP) CO., LTD. is a China-based company, principally engaged in building materials business and real estate business. The Company is also engaged in pharmaceuticals business and coal business. The Company's main businesses include mining exploitation, cement production, real estate development, property management, and the research and development, production and sales of pharmaceuticals. The Company conducts its businesses mainly in domestic markets.