Xinjiang Zhonghe's 2017 performance increased by 191% to 239% over the same period last year

SMM2, July 1: recently, Xinjiang Zhonghe issued a 2017 performance forecast, which is expected to achieve a 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 last year, an increase of 19.1 percent to 239 percent over the same period last year. Compared with the same period of last year, the net profit of deducting non-recurrent profit and loss belonging to the shareholders of listed companies will be increased by 153 million yuan to 172 million yuan, and the net profit of deducting non-recurrent profit and loss attributed to shareholders of listed companies in the previous year will be-12.6362 million yuan.

The net profit attributable to the shareholders of the listed company: 39.2882 million yuan; the net profit attributable to the shareholders of the listed company after deducting the non-recurrent profit and loss:-12.6362 million yuan.

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

(1) the main reasons for the impact of the main business on the pre-increase in the current performance of the company are the growth of revenue and the enhancement of profitability of the main business. In 2017, the company actively develops the market, continuously adjusts the product structure, the main product sales volume increases and the price rises; at the same time, the company strengthens the cost control, reduces the production cost, the main product gross profit margin rises.

(2) the impact of non-operating profit and loss is expected to be about-26 million yuan in 2017 and 51.9244 million yuan in the previous year. The significant decrease in non-recurrent gains and losses in 2017 was mainly due to a decrease in government subsidies recognized as non-operating income, as well as an increase in the loss of hedging instruments.