The growth performance of FSL 1H16 net profit doubled driven four factors

FSL July 10th evening disclosure 2016 semi annual results newsletter. The company achieved operating income of 1 billion 756 million yuan in the 1-6 months of this year, an increase of 15.17%, and a net profit of 208 million yuan, an increase of 107.20%. Non deduction of net profit of 207 million yuan, an increase of 125.20%. 2016 semi annual financial data of FSL said that the competition in the macro economy and industry becomes more and more fierce, the management of the company under the leadership of the board, accelerate their adjustment and innovation, timely follow-up and adapt to changes in the market, expanding product lines, increase sales area, and strictly control costs, reduce expenses. Good posture makes the company's main business to maintain a sustained growth. Substantial growth for the company's net profit, the company explained for four reasons: 1, operating income growth leads to increased profits; 2, strengthen cost control, improve product gross margin; 3, control operating costs, reduce costs; 4, the provision for impairment of assets compared to the same period last year to reduce 10 million 770 thousand yuan over the same period last year the provision of Securities Misrepresentation liability litigation compensation 14 million 167 thousand and 700 yuan.