Guangdong Tengen Industrial Group Co.Ltd(003003) : it is estimated that the net profit in 2021 will be 29.5 million ~ 32.5 million yuan

According to the performance forecast released on January 28, the net profit attributable to the shareholders of the listed company in 2021 is expected to be 29.5 million ~ 32.5 million yuan, a decrease of 44.80% ~ 49.89% over the same period of the previous year. The main reason for the performance change is that during the reporting period, the company’s operating revenue increased steadily, but the gross profit rate of the company’s main products decreased due to the large increase in the market price of main raw materials such as paper and plastics, as well as the increasing market competition in the industry and downstream express logistics industry. The company’s new projects have not yet achieved large-scale operation and are still in the early investment stage, resulting in a large increase in the period cost compared with the same period last year.

From January to June 2021, Guangdong Tengen Industrial Group Co.Ltd(003003) ‘s main revenue composition is: the packaging and printing industry accounts for 100.0%.

The general manager and chairman of Guangdong Tengen Industrial Group Co.Ltd(003003) are Zhou Xiaowei, male, 52, with a bachelor’s degree.

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