[1 quarter earnings] the year on year increase of wood and Chau Chau, a year-on-year decline in the state

Yesterday (24) and the early day of the day, state lighting, wood and Chau Ming Technology reported the first quarter of 2018, in which the net profit of wood and Chau Ming showed positive growth, while the state lighting was the opposite. In addition, Chau Ming technology also announced the 2017 annual report, to achieve revenue of more than 3 billion, and net revenue growth of more than 70%.

State lighting in the first quarter of 2018 achieved 897 million yuan, a year-on-year decline of 4.55%, and the net profit attributable to shareholders of listed companies was 38 million 542 thousand and 500 yuan, down by 29.66% over the same period.

Major financial data for the first quarter of 2018

In the first quarter of 2018, it realized 2 billion 23 million yuan in the first quarter, up 31.70% from the same period, mainly due to the impact of expanding production and opening up the market. The net profit belonging to the shareholders of listed companies was 166 million yuan, up 24.94% over the same period.

Major financial data for the first quarter of 2018

In addition, it is expected that the net profit attributable to the shareholders of Listed Companies in the 1-6 month of 2018 is positive and does not belong to the case of loss to profit.

The first quarter of Chau Ming technology realized total revenue of 859 million yuan in the first quarter of 2018, up 58.95% from the same period in the previous year, and the net profit attributable to the shareholders of listed companies was 52 million 612 thousand and 100 yuan, up 5.88% from the same period of last year.

Major financial data for the first quarter of 2018

In the first quarter of 2018, the renminbi continued the trend of the appreciation of the dollar in the first quarter of 2018, and the company had a remittance loss of 22 million 361 thousand and 200 yuan. In the second half of 2017, the company expanded the overall scale by the extended merger and acquisition in the second half of 2017. The upgrades and integration of the continuous management mode during the period of the announcement resulted in an increase of about 35 million yuan in the period of the reporting period last year, which has a certain impact on the net profit attributable to the shareholders of the listed company.

In addition, the total revenue of Chau Ming Technology in 2017 was 3 billion 30 million yuan, up 73.58% from 2016, of which the sales revenue of LED display was 2 billion 653 million yuan, up 67.59% from the same year, and the net profit belonging to the owner of the parent company was 284 million yuan, up 70.80% from the same period of the previous year.

Major financial data for 2017

Zhou Ming said that in 2017, the application field of LED display is expanding, the scale of the market continues to expand, and the LED landscape lighting industry is in a blowout period, which brings wide space for the growth of the company. The main reasons for the sustained growth of business performance are the company's accurate grasp of the market demand, the expansion of production capacity, lean production, the breakthrough of the bottleneck of product supply, and the promotion of the company's sales promotion. At the same time, the company continues to promote the upgrading of domestic and foreign market channels, continue to strengthen the small spacing LED market development, increase overseas layout investment, expand the overseas market share and application scene, to boost the rapid development of the company.

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