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Jiangnan Hongjian (000519) released a performance forecast on Thursday evening. The company expects net profit of 246 million yuan to 255 million yuan from January to September, an increase of 5475% to 5679% year-on-year, and a net profit of 4,412,900 yuan in the same period last year. In the first three quarters of 2013, basic earnings per share were approximately 0.41 to 0.42 yuan.
According to the announcement, in the third quarter of 2013, Jiangnan Red Arrow achieved a net profit of 100 million yuan to 109 million yuan, a year-on-year increase of 9632% to 10508%, and a net profit of 1.0275 million yuan in the same period last year.
Jiangnan Red Arrow said that during the reporting period, the reason for the company's performance increased sharply. After the company completed the asset reorganization, Zhongnan Diamond Co., Ltd. became a wholly-owned subsidiary of the company and was included in the company's consolidated statements. The company's main business is in the original internal combustion engine cylinder liner. Piston production and sales have increased the production and sales of super-hard materials and high-performance abrasives, and the overall financial status and operating results have been greatly improved.
According to the announcement, in the third quarter of 2013, Jiangnan Red Arrow achieved a net profit of 100 million yuan to 109 million yuan, a year-on-year increase of 9632% to 10508%, and a net profit of 1.0275 million yuan in the same period last year.
Jiangnan Red Arrow said that during the reporting period, the reason for the company's performance increased sharply. After the company completed the asset reorganization, Zhongnan Diamond Co., Ltd. became a wholly-owned subsidiary of the company and was included in the company's consolidated statements. The company's main business is in the original internal combustion engine cylinder liner. Piston production and sales have increased the production and sales of super-hard materials and high-performance abrasives, and the overall financial status and operating results have been greatly improved.
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