The distance information, changelight 2017 performance expected by over 1 times and 3 times

2017 earnings forecast disclosure continues, yesterday (29) evening and this morning, the distance information and changelight have released a 2017 yejiyuzeng notice, which changelight performance is expected to grow about 313.37% - 342.31%.

2017 annual net profit attributable to shareholders of listed companies was 231 million yuan, 257 million yuan is expected to distance information, 87 million 140 thousand yuan more than the same period last year growth of 165% - 195%.

The distance that changes in performance was mainly due to the reporting period, the company's original business, steady growth, Zhejiang science and technology limited company, Hangzhou Jing Hui Polytron Technologies Inc into the company's consolidated financial statements. In addition, during the reporting period, contribution of non recurring gains and losses on the company's net profit is expected to amount to about 105 million yuan, mainly for the company to sell 8% shares of the Polytron Technologies Inc held by Zhejiang red phase and government subsidies and financial income.

Changelight expects 2017 annual net profit attributable to shareholders of listed companies was 200 million yuan, 214 million yuan, 48 million 382 thousand and 400 yuan more than the same period last year growth of 313.37% - 342.31%.

Changelight said the company's 2017 annual results are expected over the previous year mainly due to rising is: during the reporting period the company to determine the main business development strategy, LED chip business income and the proportion of total revenue year-on-year growth in both. At the same time, the reporting period, chip production capacity, chip production with relatively large growth, reducing LED chip unit costs, gross profit increase. These factors lead to the year 2017 the company expects net profit growth over the previous year.

In addition, changelight expects 2017 annual non recurring gains and losses, the impact on net profit amounted to 61 million 477 thousand and 400 yuan, mainly for government subsidies, non recurring gains and losses in the same period last year to 35 million 567 thousand and 900 yuan.

LED more information, please click on the LED network or the WeChat public account (cnledw2013).