In the past two days, seven listed companies—Fangda Group, Silan Micro, Jinlaite, Zhouming Technology, Hongli Zhihui, Lehman, and Tianlong Optoelectronics—have released their financial results for the first three quarters of 2017. These reports highlight a mix of strong performance and challenges across various sectors.
Fangda Group reported a net profit of 361 million yuan for the first nine months of 2017, marking a significant increase of 216.15% year-on-year. The company’s operating income reached 2.053 billion yuan, up 17.89% compared to the same period in 2016. The sharp rise in profits was attributed to increased sales revenue across its business segments.
Silan Micro also showed strong growth, with a net profit of 135 million yuan, up 122.71% from the previous year. The company's IC and discrete device shipments grew steadily during the third quarter, while its subsidiary Hangzhou Silan Integrated Circuit Co., Ltd. operated at full capacity, enhancing profitability. However, some 8-inch chip production lines were still in early stages, leading to higher fixed costs and a temporary loss.
Jinlaite saw a net profit of 14.89 million yuan, up 176.21% year-on-year. This growth was driven by an increase in sales orders and reduced investment losses after the disposal of non-performing assets in the prior period.
Zhouming Technology recorded a net profit of 215 million yuan, up 67.17% compared to the same period last year. The company benefited from rising demand in the LED small-pitch market due to smart city initiatives and continued expansion in overseas markets, which contributed to steady sales growth.
Hongli Zhihui achieved a net profit of 260 million yuan, a 34.29% increase year-on-year. The company’s operating income rose 64.17%, largely due to improved demand in the LED lighting sector and the inclusion of QuickEasy Network’s results following its acquisition.
Lehman, on the other hand, reported a net profit of 23.9 million yuan, down 41.8% from the same period last year. While its LED business remained profitable, currency exchange fluctuations and the end of a major sports contract negatively impacted overall performance.
Tianlong Optoelectronics suffered a net loss of 13.69 million yuan for the first nine months of 2017. Despite a 9.18% increase in operating income, the company faced challenges that led to a decline in net profit. However, it expects a turnaround in 2017, projecting a net profit between 50 million and 100 million yuan for the full year, representing a growth of 108.77% to 117.54% compared to 2016.
The company attributes this expected improvement to increased revenue, better gross margins, and controlled operating expenses. Additionally, government subsidies are expected to have a positive impact on net profit in 2017.
Overall, the quarterly reports reflect a dynamic market environment, with some companies benefiting from strong demand and operational efficiency, while others face headwinds such as currency fluctuations and declining contracts.
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