Jingyi shares expect net profit to increase by 10.25% in the first half of 2019 from a year earlier to 37.82%

Published: Jul 15, 2019 08:40

Source: Semi-annual performance forecast

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Jingyi shares are expected to have a 10.25% year-on-year increase in net profit in the first half of the year. The company said the improvement was mainly due to improvements in internal management and financial structure, and that the discounted bank interest rate fell year-on-year, resulting in a sharp drop in the company's financing costs and financial expenses. At the same time, the government subsidies received by the company during the reporting period increased significantly compared with the same period last year.

Guangdong Jingyi Metal Co., Ltd. released the 2019 semi-annual results forecast that the net profit attributable to shareholders of listed companies is expected to be 40 million yuan-50 million yuan, compared with 36.2799 million yuan in the same period last year, an increase of 10.25-37.82 per cent over the same period last year.

The main reasons for the changes in operating results are: 1. Due to the improvement of the company's internal management and financial structure, the discounted bank interest rate fell year on year, resulting in a sharp drop in the company's financing costs and financial expenses, the report said. 2. The government subsidies received by the company during the reporting period increased significantly compared with the same period last year.

The following is the original text of the report:

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