Silan first quarter net profit rose more than 80% pre cut

Silan April 19th evening released results notice, the company financial department to preliminary estimates, the company expects first quarter 2016 net profit attributable to shareholders of listed companies 29 million 421 thousand and 500 yuan compared with the same period last year, will be reduced by more than 80%.

The company said the first quarter of 2016, the company is a subsidiary of Hangzhou science and Technology Co., Ltd. by Silan azure output scale is small, the fixed cost allocation influence, there is still a degree of business loss. In addition, the company shares of enterprises in Hangzhou Youwang Electronics Co. Ltd. last year from the sale of available for sale financial assets have a greater return on investment, and this period has no investment income, the net profit is greatly reduced compared with the same period last year, also makes the company's investment income fell more than the same period last year.

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