SMM: April 9, Yiwei Lithium can release performance forecast, the company expects January-March 2020 shareholders of listed companies net profit of 240 million to 260 million, year-on-year change of 20.00% to 30.00%, other electronics industry average net profit growth rate of 5.56%.
The company made the above forecast based on the following reasons: the main reason for the increase in the first quarter of 2020 compared with the same period last year is the strong market demand for all series of products and the increase in gross profit margin.
The main results are as follows: (1) during the reporting period, the progress of resumption of work and production in Huizhou was good, all kinds of production and sales were promoted in an orderly manner, and new products brought about a substantial increase in sales and profits.
(2) during the reporting period, the work in Jingmen area was suspended for more than 40 days, and the sales and profits did not meet the expectations.
(3) due to the impact of the epidemic and the implementation of equity incentives and other factors, the performance of SmooreInternationalHoldingsLimited was affected in a short period of time, and the investment income of the company decreased in the first quarter compared with the same period last year.
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