[three] released quarterly nationstar, marine Wang Shuangshuang Annunciation

Yesterday (22) evening, nationstar and ocean king have released third quarterly reports, both good news. Country star power Q3 net profit rose 188.63%, the first three quarter net profit nearly doubled; the sea king Q3 net income rose 173.33%, the first three quarters of net profit increase of more than two times.

Nationstar third quarter revenues of 985408558.44 yuan, representing an increase of 58.61%, net profit attributable to shareholders of listed companies 104703910.79 yuan, representing an increase of 188.63%. A total of three seasons ago achieved a total revenue of 2582597803.79 yuan, representing an increase of 54.10%, net profit attributable to shareholders of listed companies 258407090.73 yuan, representing an increase of 97.41%.

The company said the first three quarter revenue growth was mainly due to the LED market, the company seize the opportunity to expand production capacity, the volume of business increased accordingly. While net profit growth was mainly due to the scale effect of the release of the sales income increasing and subsidiary nationstar semiconductor compared to the same period last year a total profit of profitability caused by.

In addition, the net profit of nationstar is expected in 2017 attributable to shareholders of listed companies is positive and does not belong to turnaround situations.

Ocean King Season 3 revenues 246077429.42 yuan, representing an increase of 12.09% over the same period last year, net profit attributable to shareholders of listed companies 50287579.24 yuan, representing an increase of 173.33%. A total of three seasons ago achieved a total revenue of 660609401 yuan, representing an increase of 19.54%, net profit attributable to shareholders of listed companies 66748380.64 yuan, representing an increase of 234.20%.

The company said three quarter operating income over the same period increased by 107 million 973 thousand and 300 yuan, an increase of 19.54%; and the cost of sales and administrative expenses than the same period of growth were 8.47% and 6.43%, lower than revenue growth, mainly during the reporting period, continue to deepen the independent management.

In addition, net profit of the ocean king is expected to the year 2017 attributable to shareholders of listed companies is positive and does not belong to turnaround situations.

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