Zhitong Financial APP News, Jinda Holdings (00528) issued an announcement that the group expects to make a net profit of not less than 75 million yuan for the year ending December 31, 2021. The net loss in the same period last year was 11.141 million yuan.
According to the announcement, the expected reversal from net loss to net profit was mainly due to the recovery in demand in the global flax market, higher sales prices and the contribution of organic flax and fiber hemp for the year ended 31 December 2021.