Galaxy Magnets to see performance growth of 110%-125% in H1 of this year
2017-06-23 17:16:02 [Print]
According to the H1 performance report released by Galaxy Magnets on June 22, the net profit from 1 January 2017 to 30 June 2017 that belongs to listed shareholders is expected to be about RMB110.355-118.2375 million, up by 110%-125% YOY.
Main reasons for rising net profit are as follows: firstly, the sales volume of the company during Jan-Jun 2017 increased significantly compared with the same period of last year with more sales income and unit production cost of its products edges on a year-on-year base, resulting in slight rises in gross profit rate compared with the same period of last year; secondly, the non-recurring profit and loss of the company was about RMB63.3 million in Jan-Jun 2017.
Main reasons for rising net profit are as follows: firstly, the sales volume of the company during Jan-Jun 2017 increased significantly compared with the same period of last year with more sales income and unit production cost of its products edges on a year-on-year base, resulting in slight rises in gross profit rate compared with the same period of last year; secondly, the non-recurring profit and loss of the company was about RMB63.3 million in Jan-Jun 2017.
