Changfang Group Forecasts First-Half Net Profit Decline Between 52% to 81%
On July 13, Changfang Group released its performance forecast for the first half of the year. The company anticipates that the net profit attributable to shareholders of the listed company from January to June 2017 will range between 7 million and 18 million yuan, representing a year-on-year decrease of -81.37% to -52.08%.
The company cited several reasons for this prediction:
Firstly, the factory relocation in the first quarter of 2017 impacted some of the company's production capacity. Additionally, the newly completed Huizhou Industrial Park plant has been converted into fixed assets and depreciation has commenced, yet no economic benefits have been realized. Secondly, the company adjusted and optimized its product structure in 2017, intensifying efforts to develop new customers, which is expected to yield benefits over time.
It’s worth noting that non-recurring gains and losses are anticipated to affect the net profit in the first half of 2017 by around 5 million yuan.
Yuanfang Optoelectronics Sees First-Half Net Profit Rise by 65% to 95%
Also on July 13, Yuanfang Optoelectronics announced its performance forecast. The company expects the net profit attributable to shareholders of listed companies from January to June 2017 to be between 64 million and 75.5 million yuan, marking a year-on-year increase of 65.00% to 95.00%. This growth significantly outpaces the average net profit growth rate of 31.28% for the instrumentation industry.
During this period, the company's original business maintained steady growth. Furthermore, Zhejiang Weier Technology Co., Ltd. became part of the company's consolidated statements starting in 2017. Non-recurring gains and losses contributed approximately 7.8 million yuan to the company's net profit, primarily from government subsidies and wealth management income.
Chau Ming Technology Expects First-Half Net Profit Increase by 100% to 120%
On July 13, Chau Ming Technology released its performance forecast. The company anticipates that the net profit attributable to shareholders of listed companies from January to June 2017 will be between 131 million and 144 million yuan, reflecting a year-on-year increase of 100.00% to 120.00%.
The company attributed this growth to several factors: continuous product upgrades and customer-oriented solutions have boosted the domestic market penetration of LED small-pitch products, leading to a more than 90% increase in sales of parent company LED small-pitch products compared to the same period last year. Overseas marketing system upgrades and industry segmentation have also driven a significant rise in overseas sales revenue. Moreover, the launch of a new product by the company's wholly-owned subsidiary, Shenzhen Redio Visual Technology Co., Ltd., has been well-received in the global market, contributing to a substantial increase in net profit and sales.
Feile Audio Projects First-Half Net Profit Surge by 400%
On July 12, Feile Audio released its performance forecast. The company projects that the net profit attributable to shareholders of listed companies from January to June 2017 will increase by 400.00%.
Feile Audio explained that the growth was due to the expansion of its lighting engineering business in the first half of 2017, which led to an increase in both sales revenue and primary business profits compared to the previous year. Additionally, the company confirmed in May a 24% stake subscription for Huaxin Securities' non-public offering, generating an investment income of 424 million yuan, with deferred income tax of 225 million yuan.
Jufei Optoelectronics Forecasts Monthly Net Profit Growth of 10% to 40%
On July 12, Jufei Optoelectronics announced its performance forecast. The company estimates that the net profit attributable to shareholders of listed companies from January to June 2017 will range from 65,355,800 to 83,180,200 yuan, representing a year-on-year increase of 10.00% to 40.00%.
Jufei Optoelectronics noted that during the reporting period, the company's overall operations were sound, with steady growth in its core business. To enhance its comprehensive competitiveness, the company continued to invest in research and development and human resource development.
As the business landscape continues to evolve, these companies are adapting to market trends with strategic adjustments and innovations. The rapid growth of certain sectors, such as optoelectronics and technology, reflects a broader trend toward digital transformation across industries. Meanwhile, challenges remain for other sectors, like manufacturing, where operational changes can take time to yield positive results.
In conclusion, these performance forecasts highlight the diverse trajectories of various industries in China. While some sectors are experiencing robust growth, others face headwinds that require careful navigation. As businesses continue to innovate and adapt, the future holds both opportunities and uncertainties for these companies and their stakeholders.
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