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    Home > Chemicals Industry > New Chemical Materials > Xinjiang Zhonghe expects a significant year-on-year increase in net profit in 2017

    Xinjiang Zhonghe expects a significant year-on-year increase in net profit in 2017

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Recently, Xinjiang Zhonghe released the 2017 performance forecast, and it is expected that the net profit attributable to shareholders of listed companies in 2017 will increase by 75 million yuan to 94 million yuan compared with the same period of the previous year, an increase of 191% to 239%
    year-on-year.
    Compared with the same period of the previous year, the net profit attributable to shareholders of the listed company, net of non-recurring gains and losses, will increase by 153 million yuan to 172 million yuan, and the net profit attributable to shareholders of the listed company net of non-recurring profits and losses in the previous year will be -12.
    6362 million yuan
    .

    Xinjiang Zhonghe

    Performance of the same period of the previous year: net profit attributable to shareholders of the listed company was 39.
    2882 million yuan; Net profit attributable to shareholders of the listed company, net of non-recurring profits and losses, -12.
    6362 million yuan
    .

    The main reasons for the pre-increase in the current period:

    (1) The main reasons for the impact of the company's main business on the company's performance in the current period are the growth of income and the enhancement
    of profitability of the main business.
    In 2017, the company actively explored the market, continued to adjust the product structure, and the sales volume of major products increased and the price increased; At the same time, the company strengthened cost control, reduced production costs, and increased the gross profit margin of major products
    .

    (2) Impact of non-operating profit and loss The non-recurring profit and loss for 2017 is expected to be about -26 million yuan, compared with 51.
    9244 million yuan
    in the previous year.
    The significant decrease in non-recurring profit and loss in FY2017 was mainly due to a decrease in government grants recognized as non-operating income and an increase
    in the loss of hedging instruments.

    Xinjiang Zhonghe Co.
    , Ltd.
    (hereinafter referred to as "Xinjiang Zhonghe") was listed on the Shanghai Stock Exchange in 1996 (code 600888), is the first listed industrial enterprise in Xinjiang Uygur Autonomous Region, is a high-tech enterprise supported by the National Torch Program, and is also the largest manufacturer of electronic aluminum foil for high-purity aluminum and aluminum electrolytic capacitors in China, one of the world's largest high-purity aluminum R & D and production enterprises, and the product technology and quality have reached the world's advanced level
    .

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