Phoenix New Media Hong Kong Stock | Jinda Holdings (00528) announced that the Group expects to make a net profit of not less than 75 million yuan for the year ended December 31, 2021, compared with a net loss of 11.141 million yuan in the same period last year.
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.