The sea king, three male Aurora 2017 express results released, a minus net profit

Today morning, the sea king and the third Aurora have disclosed the results of letters in 2017, the net profit growth, net profit year-on-year decline in the latter.

The sea king announced that the year 2017 the company achieved total revenue of 1 billion 100 million yuan, representing a growth of 18.61%; attributable to shareholders of listed companies net profit of 152 million yuan, representing a growth of 36.39%.

The main financial data and index

The sea king said, the profit growth was mainly due to the deep customer demand, sales year-on-year growth; in addition, the company continued to deepen the independent management, cost effective control.

The third Aurora 2017 annual total revenue of 2 billion 266 million yuan, an increase of 19.44%; attributable to shareholders of listed companies net profit of 256 million yuan, down 8.37%.

The main financial data and index

According to the announcement, the reasons for changes in performance is: three male Aurora market development and marketing efforts to increase investment in the company in 2017, sales revenue grew; however, due to rising raw material prices, product gross margin fell.

In addition, three male Aurora said that the government grants the company included in the current profits and losses of about 31 million 725 thousand yuan, representing a substantial increase of $8 million 765 thousand, mainly the company and the company's wholly-owned subsidiary of Chongqing three hung Aurora Lighting Co., Ltd. received financial subsidy income of about 31 million yuan. A substantial increase in government subsidies lead to non recurring gains and losses increased significantly during the reporting period. 2017 year non recurring gains and losses affect the amount of net profit of about 40 million yuan.

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