HC semitek: the first half of the forecasted net profit growth of about more than 3 times.

Yesterday (9) evening, HC semitek disclosed in the semi annual results notice, the company expects the first half of 2017 net profit attributable to shareholders of listed companies of about 213 million yuan -22800 million, compared to the same period last year rose 300.6%-328.81%.

The company said, mainly due to the growth of the company during the reporting period: 1, during the reporting period, the LED chip is relatively strong demand, the company production line in full production, and as part of the release of new capacity, production and sales increase over the same period last year. 2, during the reporting period the LED chip prices continue steady trend since the fourth quarter of last year, gross margin over the same period last year to improve greatly, making the report period operating profit in the first quarter is the basis to achieve a higher growth. In 2016 3, the acquisition of Yunnan langene Polytron Technologies Inc, its good growth performance, to further enhance the overall profitability of the company.

In addition, the company released in 6, a subsidiary of the government subsidies according to the announcement, a wholly owned subsidiary of HC semitek (Suzhou) Co., Ltd. received the Zhangjiagang economic and Technological Development Zone Management Committee "on the given HC semitek (Suzhou) recently approved limited industrial development subsidies" (Zhang Jingguan [2017] No. 28) documents, agreed to finance the HC semitek (Suzhou) Co. Ltd. in 2017 second quarter industry subsidies 11 million 790 thousand yuan. At present, the grant has not yet arrived. According to the relevant provisions of the "Accounting Standard No. sixteenth government subsidy", the sum of subsidies will be identified as the 2017 two quarter operating income at the rate of 15% corporate income tax, is expected to increase in 2017 net profit of 10 million 21 thousand and 500 yuan, accounting for the company's 2016 annual audited attributable to shareholders of listed companies net profit of 3.75%. It is expected to have a positive impact on the company's operating performance in 2017, and the specific accounting treatment shall be based on the results of the annual audit confirmation of the accountant.

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