Nanjing Chemical Fiber Co., Ltd. Provides Earnings Guidance for the Year 2019
January 19, 2020
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Nanjing Chemical Fiber Co., Ltd. provided earnings guidance for the year 2019. According to preliminary statistics of its financial department, the Company predicts a decrease of RMB 127 million compared with the same period of the year before and with a year-on-year decrease of about 2,046% (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 RMB 40 million compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
Nanjing Chemical Fibre Co Ltd is a China-based company principally engaged in the production and sales of viscose staple fiber, polyethylene terephthalate (PET) structural core materials, and urban ecological water supply business. The Company primarily operates businesses through four segments. The Chemical segment is mainly engaged in the sales business of urban ecological water supply. The Bio-based segment mainly provides viscose staple fiber and lyocell fiber products. Shanghai Yueke segment mainly provides PET structural core material products. The Other segment is mainly engaged in the leasing of fixed assets, intangible assets, packaging materials, sales materials and other business. The Company distributes its products within the domestic market and to overseas markets.
NANJING CHEMICAL FIBER CO., LTD. 
