The first half of the first half of the loss of 400 million yuan, the music sound gives three explanation

Last night (2), the music sound announcement announced that the company's net profit attribution to the company owner in the first half of 2018 was about 400 million yuan, while the same period of last year was 113 million yuan.

The main reasons for the first half of 2018 performance in the first half of 2018, the music acoustics gave a three point explanation. First, the country's PPP project policy changes and market liquidity continued to tighten the impact of the first half of the first half of the company has been implementing project progress slowed down, while the company significantly reduced the project to undertake, sales revenue compared with the same period a significant reduction in the previous year, the gross profit should be reduced.

Secondly, through equity replacement, the company confirmed the investment income (pre tax) 462 million yuan in 2017, while the company did not have major equity transfer or replacement in the month of 1-6 in 2018.

In addition, the financial costs have increased significantly over the same period of the previous year. Due to exchange rate fluctuations, the expected remittance loss was 28 million yuan in the first half of 2018 and the remittance return of 41 million yuan was confirmed in the same period in 2017. At the same time, in order to meet the demand for operating funds, the increase in borrowing in the second half of 2017 resulted in a greater increase in the average balance of borrowing in the first half of 2018 than in the same period of the previous year, and the interest expenditure increased accordingly. Add.

For more information on LED, click on the LED network or pay attention to the WeChat public account (cnledw2013).