Sailun Jinyu Group released on April 12 the prediction for its business performance for the first quarter of this year and expected positive business growth.
According to the company, its net profit in the first quarter is expected to rise 160%-200% to reach 83 million to 96 million yuan.
In the first quarter of 2015, Sailun Jinyu Group’s net profit was 31.95 million yuan.
The company has attributed the growth to the overseas market exploitation as well as achievements in business operation and costs management.
Comparing with the same period of last year, domestic and overseas orders obtained by Sailun Jinyu Group and its sales volume both increased considerably and the gross profit margin also grew.
