SMM7, July 12: July 11, Xiexin Integrated Technology Co., Ltd. issued 2018 semi-annual performance forecast revision announcement. This announcement is amended in view of the previous performance forecast. the announcement shows that Xiexin Integrated Technology Co., Ltd. expected the company's operating results to be a loss in January 2018 and June 2018 in the Company's first quarter 2018 report on April 28, 2018. The company's net profit attributable to shareholders of listed companies is expected to be-100 million yuan to 0, 000 yuan in January 2018 and June 2018. The revised expected results are: net profit attributable to shareholders of listed companies is basically the same as the same period last year:-15% ≤ 25%, profit: 20.41 million yuan-30.02 million yuan.

The announcement said that the main reasons for the performance changes are as follows:

1. the second quarter is the cyclical peak season of photovoltaic industry, the company has sufficient orders, production and marketing are prosperous;

2. although the photovoltaic "5.31 New deal" (see Note 1) was issued, it has had a certain impact on the installed capacity of domestic photovoltaic power stations in 2018, resulting in a reduction in domestic demand for photovoltaic products. However, the company has already shifted its focus to overseas markets, taking overseas markets as the focus of its strategic layout. the proportion of overseas market sales has risen rapidly from 14% in the first half of 2017 to about 50% at present, and overseas market orders are full. It has a good stabilizing effect on the fluctuation of photovoltaic industry.

3. before the photovoltaic "5.31 New deal" was released, the company locked in the price of some of the order products in advance. When the decrease in market demand leads to a rapid decline in the price of raw materials upstream of photovoltaic products, the company's gross profit margin is increased;

4. the company has strengthened budget management and cost control, sales and finance and other related costs have been reduced to a certain extent. (note 1 on June 1, 2018, the National Development and Reform Commission, the Ministry of Finance, and the National Energy Administration jointly issued a Circular on matters related to Photovoltaic Power Generation 2018 (Development and Reform Energy (2018) 823). The circular has carried on the new adjustment and the standard to 2018 domestic photovoltaic machine scale plan, the electricity price subsidy and so on. To a certain extent, the above notice has affected the demand for the installed capacity of domestic photovoltaic power stations in 2018, but it has played a better role in promoting the market-oriented competition of photovoltaic terminals and eliminating the backward production capacity at the manufacturing end.)

The announcement read as follows: