Sinotrans Limited Provides Financial Guidance for the First Quarter Ended 31 March 2021
March 30, 2021 at 07:28 am EDT
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Sinotrans Limited provided financial guidance for the first quarter ended 31 March 2021. Based on the preliminary calculation by the Finance Department of the Company, under the PRC Accounting Standards for Business Enterprises, it is estimated that the net profit attributable to shareholders of the Company for the first quarter of 2021 will reach an amount of between RMB 805 million and RMB 854 million, increasing by a range from approximately RMB 563 million to RMB 611 million as compared with the corresponding period of 2020, representing a year-on-year increase of 232.39% to 252.39%. EPS is expected to be in the range of RMB 0.1088 to RMB 0.1153.
Sinotrans Ltd is a China-based company mainly engaged in agency and related business. The Company is also engaged in professional logistics business and e-commerce business. The agency and related business mainly includes shipping agency, air transportation agency, railway agency, shipping agency, warehousing and wharf services. The professional logistics business mainly includes contract logistics, project logistics, chemical logistics, cold chain logistics and other professional logistics services. The e-commerce business includes cross-border e-commerce logistics, logistics e-commerce platform and logistics equipment sharing platform.