On January 10, Zhouming Technology released a performance forecast. The company expects the net profit attributable to shareholders of listed companies from January to December 2017 to be 285 million to 315 million, a year-on-year change of 71.22% to 89.24%. The average net profit growth rate of the optical optoelectronics industry is 113.73%.
The company made the above predictions based on the following reasons: 1. In 2017, the company accurately grasped market demand, expanded production capacity, lean production, and broke through product supply bottlenecks. 2. The domestic small-pitch LED market continued to improve, and the company's small-pitch products grew strongly. 3. The company continued to promote channel upgrades in domestic and overseas markets to help the overall growth of the display business. 4. Radio, a wholly-owned subsidiary, strengthened its overseas investment, upgraded its core products, expanded its overseas market share and application scenarios, and achieved significant growth in sales. Based on the above factors, the company's sales revenue increased significantly year-on-year. The company expects the overall operating income for 2017 to be approximately RMB 3 billion, an increase of approximately 70% compared with the same period last year.
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