1H18 Is 400 Million Yuan In Advance, And The Flair Sound Gives Three Reasons

- Aug 05, 2018-

Yesterday evening, the music sound issued a announcement that the company's net profit belonging to the company's owner in the first half of 2018 is estimated to be about 400 million yuan, and 113 million yuan in the same period of the previous year.——LED lighting

About the main reason for the first half of 2018, the three reasons for the loss of performance are the flying music. First, the country's PPP project policy changes and market liquidity continued to tighten the impact of the first half of the first half of the company has been implementing project progress slowed down, while the company significantly reduced the project to undertake, sales revenue compared with the same period a significant reduction in the previous year, the gross profit should be reduced.——LED lighting

Secondly, through equity swap, the company confirmed investment income (pre-tax) of 462 million yuan in 2017, and no significant equity transfer or replacement occurred in January-June 2018.——LED lighting

In addition, financial expenses increased substantially over the same period last year. Due to exchange rate fluctuations, the expected remittance loss was 28 million yuan in the first half of 2018 and the remittance return of 41 million yuan was confirmed in the same period in 2017. At the same time, in order to meet the demand for operating funds, the increase in borrowing in the second half of 2017 resulted in a greater increase in the average balance of borrowing in the first half of 2018 than in the same period of the previous year, and the interest expenditure increased accordingly. Add.——LED lighting

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