On October 13, Huacan Optoelectronics (300323) released a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to September 2016 to be RMB 120 million to RMB 148 million, an increase of 1241.00% to 1557.00% year-on-year. Profits fell by 0.66% from the previous quarter to an increase of 41.38%.
The company said that in the first three quarters of 1.2016, market demand grew steadily every quarter, and the main business maintained steady growth. Compared with the same period of last year, there was a certain increase in sales scale and sales revenue. 2. During the reporting period, starting from May, Yunnan Lanjing Technology Co., Ltd., a wholly-owned subsidiary, was included in the scope of the company's consolidated statements. 3. The government subsidies included in the current profit and loss during the reporting period have increased significantly from last year.
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