V.GRASS Fashion Co, Ltd. Provides Earnings Guidance for the Full Year of 2017
January 25, 2018
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V.GRASS Fashion Co Ltd. provided earnings guidance for the full year of 2017. The company predicts a year-on-year increase of between RMB 70.23 million and RMB 90.3 million in its net profit owned by shareholders of the listed company in 2017, a year-on-year increase of between 70% and 90% (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 increase by between RMB 101.89 million and RMB 116.45 million, a year-on-year increase of between 140% and 160%.
Jinhong Fashion Group Co.,Ltd., formerly VGRASS Fashion Co. Ltd., is principally engaged in the design, manufacture and distribution of branded lady's apparels. Through the operation of proprietary shops, the Company mainly deals with fashion lady's apparels under the brand named VGRASS. The Company provides apparels, including dresses, pants, coats, shirts, skirts, cotton coats, down garments and windbreakers, among others; knitted products, including sweater series products, as well as accessories, including bags, jewelries and scarf , among others. The Company is also engaged in manufacture and sales of handicrafts under the brand named Yunjin. Its products include handicrafts, fabrics, apparel and others.
JINHONG FASHION GROUP CO.,LTD. 
