Source: Carton micro-vision

Recently, Jingxing Paper released a supplementary explanation for the 2018 annual performance forecast amendment announcement. The company's financial department has estimated that the company will confirm an investment loss of approximately 17.02 million to 18.84 million in the fourth quarter, which is expected to reduce the company's fourth quarter net profit of 17.02 million to 18.84 million.

Jingxing Paper: Net profit in the fourth quarter of 2018 is expected to decrease by 1702 to 18.84 million

Zhejiang Jingxing Paper Co., Ltd. (hereinafter referred to as “the company”) disclosed the “Financial Announcement of 2018 Annual Results Announcement” on January 31, 2019. The company expects the net profit attributable to shareholders of listed companies from January to December 2018. From 100 million to 380 million, the year-on-year change was -48.28% to -40.45%.

On February 20, Jingxing Paper released a supplementary explanation for the revision of the 2018 Annual Results Announcement. The company stated that as of December 31, 2018, the company held Zhejiang Shapu Aisi Pharmaceutical Co., Ltd. (hereinafter referred to as “ SF's 9.06% stake is accounted for by the equity method of the investment company, which is to confirm the net profit of Shapu Aisi as investment income according to the company's shareholding ratio.

In the first three quarters of 2018, Sharp's total net profit attributable to shareholders of listed companies was 77,924,400. The company's shareholding ratio was confirmed to be 7,432,800 in the first three quarters of 2018. On January 31, 2019, Shapu Aisi issued the "2016 Annual Results Pre-Loss Announcement", due to the loss of its subsidiary's strong pharmaceutical industry in the current period, the relevant performance commitments were not completed, and the business formed during the acquisition of the strong pharmaceutical industry. The reputation shows signs of impairment and it is estimated that the impairment loss of goodwill will be 178 million. It is expected that the annual net profit attributable to shareholders of listed companies in 2018 will be lower than the same period of the previous year (statutory disclosure data), and the net profit attributable to shareholders of listed companies will be -130 million to 110 million.

According to the equity method accounting principle, Jingxing Paper's finance department has estimated that it will be required to confirm the investment loss in the fourth quarter according to the shareholding ratio of approximately 17.02 million to 18.84 million, which is expected to reduce the company's fourth quarter net. Profits ranged from 17.02 million to 18.84 million, which had a significant impact on the company's fourth quarter results.

Editor in charge: Xia Jing

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