Four factors driving the growth of FSL 1H16 net profit doubled

FSL July 10th evening disclosure semi annual results in 2016 letters. The company achieved operating income of 1 billion 756 million yuan this year, 1-6, an increase of 15.17%, net profit of $208 million, an increase of 107.20%. Net profit after deduction of 207 million yuan, an increase of 125.20%.

Major financial data for the year 2016

FSL said that competition in the macro economy and industry becomes more and more fierce, the management of the company under the leadership of the board, accelerate their adjustment and innovation, timely follow-up and adapt to changes in the market, expanding product lines, increase sales area, and strictly control costs, reduce expenses, the company's main trend business to maintain sustained growth.

Substantial growth for the company's net profit, the company explained for four reasons: 1, operating income growth leads to increased profits; 2, strengthen cost control, improve product gross margin; 3, control operating costs, reduce costs; 4, the provision for impairment of assets compared to the same period last year to reduce 10 million 770 thousand yuan over the same period last year the provision of Securities Misrepresentation liability litigation compensation 14 million 167 thousand and 700 yuan.

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