Hongli Newell, Guangdong Gan Hua released 2017 performance forecast

Yesterday (23) evening, Guangdong Hongli, Gan Hua Newell have disclosed 2017 annual results notice. Among them, Guangdong Ganhua Yukui, Hongli Newell yejiyuzeng.

According to the announcement, Guangdong Ganhua company expects 2017 full year net profit of -3.30 billion and -2.80 billion yuan, 102 million yuan a year earlier, down 373.42% to 422.25%.

Guangdong Gan Hua said that the year 2017 net profit attributable to shareholders of listed companies losses, the main reason is: 1, according to a wholly owned subsidiary of Guangdong Deli shares photoelectric Limited company publicly listed on the transfer, the company needs large amount of assets depreciation preparation; 2, land disposal proceeds (before tax) decreased significantly during the reporting period land disposal of the proceeds (before tax) 4 million yuan over the same period last year, land disposal of the proceeds (before tax) 304 million yuan.

Hongli Newell is expected in 2017 annual net profit of 345 million yuan to 380 million yuan, 138 million yuan compared to the same period last year, an increase of 149.7% to 175%.

Hongli Newell said, there are two reasons for the growth of the company's performance. One is during the reporting period, demand for LED lighting market is good, the size of the company's business development, the main business to maintain a steady growth; two is the acquisition of subsidiaries included in the consolidated financial statements, business performance increase.

Li Zhi Hui also said that in 2017 the company expects non recurring gains of about 100 million yuan, mainly to receive government subsidies and investment income equity transfer; at the same time, the year 2017, affected by the international foreign exchange market continued to shock, the continued appreciation of the yuan against the dollar, the company's sales revenue increased, the company in 2017 the exchange rate losses about 18 million yuan, had a certain impact on the net profit attributable to shareholders of listed companies.

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