The third Aurora announced 2017 annual results notice, net profit of over 234 million.

Yesterday (11) evening, three male Aurora announced 2017 annual results notice, is expected in 2017 attributable to shareholders of listed companies net profit of 234 million 225 thousand and 400 yuan to 271 million 208 thousand and 400 yuan, a year earlier than the change of -5% ~ 10%, over the same period last year profit 246 million 553 thousand and 100 yuan.

As for the reasons for changes in performance, three male Aurora said, market development and marketing efforts to increase investment in the company during the reporting period, sales revenue grew; raw material prices, product gross margin fell sharply; increased government subsidies lead to non recurring gains and losses increased significantly during the reporting period.

According to announcements, during the reporting period, the government grants the company included in the current profits and losses of about 31 million 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. The company expects 2017 annual non recurring impact on net profit amounted to about 40 million yuan.

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