Jiangsu Lugang Culture Co., Ltd. Provides Earnings Guidance for the Year of 2018
January 29, 2019
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Jiangsu Lugang Culture Co., Ltd. provided earnings guidance for the year of 2018. For the year, the Company predicts that the net profit belonging to shareholders of the listed company in 2018 will be between RMB 60 million and RMB 100 million, with a decrease of between RMB 193.2 million and RMB 233.2 million and a decrease of between 65.89% and 79.54% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit will be between RMB 55 million and RMB 95 million compared with the same period of the year before, with a year-on-year decrease of between 63.11% and 78.64%.
Zhewen Pictures Group Co Ltd, formerly Jiangsu Lugang Culture Co Ltd, is principally engaged in the manufacture and distribution of knitted woolen yarns and worsted woolen fabrics. The Company primarily provides worsted yarns, semi-worsted yarns and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits and others. The Company is also engaged in the production and distribution of traditional television (TV) series, the investment and distribution of movies, as well as the development, production and distribution of new media products such as network dramas. Through its subsidiaries, the Company also engages in hotel business. The Company conducts its businesses in domestic and overseas markets.
ZHEWEN PICTURES GROUP CO.,LTD 
