Winona's Parent Company BTN's Net Profit for 2021 Expected to Increase by 51% to 64% Year-on-year

BTN is expected net profit attributable to shareholders of the listed company to be $130 million to $141 million, an increase of 50.87% to 63.75% over the same period of the previous year.

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On January 26, BTN released its earnings forecast, which is expected net profit attributable to shareholders of the listed company to be $130 million to $141 million, an increase of 50.87% to 63.75% over the same period of the previous year. Its net profit attributable to shareholders of the listed company after deduction of non-recurring gains and losses is $121 million to $132 million, an increase of 50.20% to 63.85% over the same period of the previous year.

BTN said in its preview that the company's performance is expected to increase over the previous year mainly due to the company's products and brand awareness during the reporting period to further enhance the market development, sales scale and sales revenue to achieve faster growth.

In addition, BTN expects non-recurring gains and losses of approximately $7,092,000 to $8,668,000 mainly due to investment income obtained from cash management of idle funds and government grants received by the company.

BTN is a company focused on providing gentle and professional functional skin care products with brands such as Winona and Winona Baby. Its core brand Winona took 6th place in beauty brand turnover during the Tmall Double 11(Chinese Shopping Carnival) (November 1-11, 2021). Datastory shows that Winona's official flagship store made over $252 million in sales during the Double 11(Chinese Shopping Carnival). The top three products produced by its company ranked as Winona Anti-Sensitive Moisturizing Tolerance-Extreme Cream/Winona Soothing Repairing Freeze-Dried Mask/Winona Sunblock Milk.