In the past two days, seven listed companies, including Fangda Group, Silan Micro, Jinlaite, Zhouming Technology, Hongli Zhihui, Lehman, and Tianlong Optoelectronics, have released their third-quarter reports for 2017. These updates highlight significant performance changes across various sectors, reflecting both growth and challenges.
Fangda Group reported a net profit of 361 million yuan for the first three quarters of 2017, representing a year-on-year increase of 216.15%. The company's operating income reached 2.053 billion yuan during the same period, up 17.89% from the previous year. The substantial rise in sales revenue contributed to the impressive profit growth, as stated by the company.
Silan Micro also saw strong results, with a net profit of 135 million yuan, up 122.71% year-on-year. The company attributed its success to increased shipments of IC and discrete devices, as well as improved efficiency at its subsidiary, Hangzhou Silan Integrated Circuit Co., Ltd. However, some of the 8-inch chip production lines were still in early stages, leading to higher fixed costs and a temporary loss that impacted the third-quarter results.
Jinlaite recorded a net profit of 14.89 million yuan, a 176.21% increase compared to the same period last year. The company noted that rising sales orders and reduced investment losses contributed to its improved financial performance.
Zhouming Technology achieved a net profit of 215 million yuan for the first nine months of 2017, up 67.17% year-on-year. The company benefited from growing demand in the LED small-pitch market, driven by China’s smart city initiatives, and continued expansion in overseas markets.
Hongli Zhihui reported a net profit of 260 million yuan, up 34.29% year-on-year. The company experienced steady revenue growth, partly due to the inclusion of its subsidiary, QuickEasy Network, in consolidated statements.
Lehman, on the other hand, faced a decline in net profit, with a decrease of 41.8% to 23.9 million yuan. The company cited foreign exchange losses due to the weakening RMB and a drop in sports-related revenue after the Super League contract expired.
Tianlong Optoelectronics reported a net loss of 13.69 million yuan for the first three quarters of 2017, although it expects to turn a profit for the full year. The company anticipates a net profit between 50 million and 10 million yuan in 2017, with a projected growth rate of 108.77% to 117.54% compared to the previous year. This improvement is expected due to higher revenues, better gross margins, and controlled expenses.
These reports provide a comprehensive view of the performance of these companies in the first nine months of 2017, showcasing the diverse economic conditions and strategic moves within the industry.
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