Lyad 2017 pre hi performance, estimated net profit year-on-year growth of 65%-85%

5 evening, Riyadh released the first annual performance of the LED industry forecast, the company expects 2017 profit 1 billion 103 million 568 thousand and 700 yuan -123733.46 million yuan, year-on-year growth of 65%-85%.

The reason for changes in performance, Riyadh believes that the year 2017, the overall growth of companies depend on endogenous business sectors, significant synergies, the main business orders and revenues continue to maintain high growth. In 2017, new orders and new bid orders amounted to 10 billion 200 million yuan, than the target set at the beginning of orders (8 billion 750 million) exceeded 17%, the small spacing orders of about 2 billion 750 million yuan, an increase of 51% over the same period last year.

At the same time, the RMB exchange rate against the euro, the acquisition of NATURAL POINT company overseas borrowings have foreign exchange losses are expected to have a greater impact on net profit.

In addition, the company attaches great importance to and increased collection efforts, expected 2017 annual operating cash flow of about 700 million yuan, representing an increase of 50 times; the main financial indicators of the company will enhance.

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