Yi Wei Li Neng: net profit tripled in the first three quarters

Published: Oct 8, 2019 23:00

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SMM10, Oct. 8: on the evening of Oct. 8, Li Neng (300014) issued a revised announcement of its earnings forecast. The company had expected a net profit of 885 million yuan to 951 million yuan in the first three quarters, an increase of 134 to 151 percent over the same period last year. After the revision, the net profit is expected to be 1.138 billion yuan-1.171 billion yuan, an increase of 201%-209% over the same period last year. Performance correction is mainly: the company's main business sales increased by more than 50% compared with the same period last year, the market demand of various series of products is strong, the gross profit margin of products is rising, and the profitability is growing rapidly.

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