Sanxiong Aurora last year's net profit of 256 million year-on-year growth of 3.67%

On February 6, Sanxiong Aurora issued a performance report. The company achieved operating income of 2.266 billion yuan from January to December 2017, an increase of 19.44% year-on-year; net profit attributable to shareholders of listed companies was 256 million yuan, up 3.67% year-on-year.

The company said that the factors affecting business performance mainly include the following aspects:

(1) In 2017, the company increased market development and marketing investment, and sales revenue increased year-on-year.

(2) In 2017, due to the increase in raw material prices, the gross profit margin of the company's products decreased year-on-year.

(3) In 2017, the government's government subsidy included in the current profit and loss was approximately RMB 31,725,500, a significant increase from the previous year's total of RMB 87.60 million, mainly due to the financial subsidy income received by Chongqing Sanxiong Aurora Lighting Co., Ltd., a wholly-owned subsidiary of the company and the company. About 3 million yuan. The substantial increase in government grants led to a significant increase in non-recurring gains and losses for the company during the reporting period. The impact of the company's non-recurring gains and losses on net profit in 2017 was approximately RMB 40 million.


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