Three-V’s Profits Expected to Increase by 168.55%~217.38%

Zhejiang Sanwei Rubber Item Co., Ltd. (Three-V) announced the 2019 Expected Performance Grow on January 11, which showed that the company was expected to achieve 220 Million ~ 260 Million Yuan of net profit attributable to shareholders, a year-on-year (same below) growth of 168.55% ~ 217.38%. According to Three-V, its performance growth is attributed to purchase of Guangxi Sanwei, that is Three-V purchased 100% shares of Guangxi Sanwei Railway Track Manufacturing Co., Ltd. in 2019 and incorporated it as a wholly-owned subsidiary.

Three-V has obtained the annual production capacity of 25 million m2 of conveyor belt, 200 million meters of rubber V-belt and 5 million pieces of automobile V-belt.