Wan run technology and ocean king announced the first half annual report, net profit growth year on year

Yesterday (13) evening, Wan run technology and oceanic Wang Zhaoming issued the semi annual report in 2018. The net profit in the first half of the year increased year by year.

In the first half of 2018, Wan run technology LED business and advertising media business keep abreast, profitability and comprehensive competitiveness has steadily increased, has formed the "LED+ advertising media" double main business two wheel drive development pattern. In the first half of the year, the company achieved operating income of 2 billion 156 million yuan, an increase of 68.32% over the previous year, of which LED business income was 766 million yuan, accounting for 35.55%, an increase of 51.13% over the same period; advertising media business received 1 billion 389 million yuan, accounting for 64.45%, an increase of 79.58% over the same period. In the first half of 2018, the company realized a net profit of 101 million yuan attributable to shareholders of listed companies, an increase of 32.37% over the same period last year.

The main business of Wan Wan run technology. (source: Wan run technology semi annual report)

Wan run technology said that the growth of business revenue during the reporting period was mainly due to the growth of the media in the reporting period and the growth of advertising and media industry.

In addition, Wan run technology is expected to achieve net profit of 13152.57-19728.86 million attributable to shareholders of Listed Companies in 2018 1-9, an increase of 0.00%-50.00% over the same period last year.

Oceanic Wang Zhaoming dug up customer demand in the first half of 2018, and sales revenue increased year-on-year. The company's profitability increased in the first half of 2018 due to rising incomes and deepening self management and meticulous management.

During the reporting period, Wang Zhaoming achieved total revenue of 490 million 527 thousand and 100 yuan, up 18.33% from the same period last year, and the total profit was 43 million 369 thousand and 200 yuan, up 96.89% compared with the same period last year. The net profit attributable to shareholders of listed companies was 33 million 484 thousand yuan, up 103.42% over the same period last year.

Wang Zhaoming's main business. (source: Ocean King lighting semi annual report)

Meanwhile, Wang Zhaoming expects to achieve a net profit of 7500-10500 yuan attributable to shareholders of Listed Companies in 2018 1-9, an increase of 12.36%-57.31% over the same period last year.

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