1H18 has a loss of 400 million yuan, and Feile Audio gives three reasons.
Yesterday (2), Fei Le Audio announced that the company's net profit attributable to the company's owners in the first half of 2018 is expected to be about 400 million yuan, compared with a profit of 113 million yuan in the same period last year. Regarding the main reason for the pre-loss in the first half of 2018, Fei Le Audio gave three explanations. First of all, due to the changes in the national PPP project policy and the continued tightening of market liquidity, the company's original implementation of the project slowed down in the first half of the year, while the company significantly reduced the acceptance of the project, and the operating income was larger than that of the same period of the previous year. As the magnitude decreases, the gross profit decreases accordingly. Secondly, through equity swap, the company confirmed investment income (before tax) of 462 million yuan in 2017, and there was no major equity transfer or replacement in the company from January to June 2018. In addition, financial expenses have increased significantly over the same period last year. Due to exchange rate fluctuations, the exchange loss is expected to be RMB 28 million in the first half of 2018, while the exchange gains were confirmed to be RMB 41 million in the same period of 2017. At the same time, in order to meet the demand for operating funds, the increase in borrowings in the second half of 2017 led to the first half of 2018. The average annual loan balance increased significantly compared with the same period of the previous year, and interest expenses increased accordingly. all in one energy;all in one battery,home battery,home energy storage,household power storage,home solar power,all in one system Shenzhen Enershare Technology Co.,Ltd , https://www.enersharepower.com