Huacan Optoelectronics' net profit for the first three quarters increased by 720%-750%
Huacan Optoelectronics announced on October 14 that it is estimated that the net profit attributable to shareholders of listed companies in the first three quarters of 2014 will be approximately 73.15 million yuan -78.82 million yuan, an increase of 720%-750% over the same period of the previous year.
The company said that the main reason for the significant year-on-year increase in the first three quarters of 2014 was that the profitability of the same period last year was very unsatisfactory and the base was low. In the first three quarters of this year, the company's production capacity and sales volume doubled compared with the same period of last year. The ability has rebounded significantly, and the accumulated operating profit has turned into a profit. In the third quarter, the increase in the period of the first half of the year, especially the increase in financial expenses, was controlled. However, the expenses during the period still increased to a certain extent compared with the same period of the previous year, especially the financial expenses. Based on the above factors, the company's consolidated net profit for the first three quarters of 2014 increased by approximately 720%-750% compared with the same period of the previous year.
In addition, the impact of non-recurring gains and losses on the company's net profit for the first three quarters of 2014 is estimated to be approximately 62.437 million yuan.
The company said that the main reason for the significant year-on-year increase in the first three quarters of 2014 was that the profitability of the same period last year was very unsatisfactory and the base was low. In the first three quarters of this year, the company's production capacity and sales volume doubled compared with the same period of last year. The ability has rebounded significantly, and the accumulated operating profit has turned into a profit. In the third quarter, the increase in the period of the first half of the year, especially the increase in financial expenses, was controlled. However, the expenses during the period still increased to a certain extent compared with the same period of the previous year, especially the financial expenses. Based on the above factors, the company's consolidated net profit for the first three quarters of 2014 increased by approximately 720%-750% compared with the same period of the previous year.
In addition, the impact of non-recurring gains and losses on the company's net profit for the first three quarters of 2014 is estimated to be approximately 62.437 million yuan.
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