News Column

Hongdou Industry Expected 50% Growth in 2013 Net

January 30, 2014

JIANGSU , January 30 , SinoCast -- Jiangsu Hongdou Industry Co., Ltd. (SHSE: 600400) predicted net profits attributable to shareholders in 2013 will grow above 50% over CNY 27.6458 million a year earlier. This was mainly attributed to the transfer of shares in its controlling subsidiaries Wuxi Hongdou Cotton Textile and Wuxi Hongbei Garment. Meanwhile, its controlling subsidiary Hongdou Real Estate witnessed a year-on-year growth in sales.

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Source: Sinocast Consumer Products Beat (China)

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