Zhaochi shares Q1 achieved a net profit of 146 million yuan, an increase of 40%

On April 20, Shenzhen Zhaochi Co., Ltd. released its first quarterly report for 2013. During the reporting period, it achieved operating income of 1.35 billion yuan, an increase of 31% over the same period of the previous year; net profit attributable to shareholders of listed companies was 146 million yuan, an increase of 40% year-on-year; basic earnings per share was 0.21 yuan, up 40% year-on-year.

During the reporting period, operating income increased by 320 million yuan compared with the same period of the previous year, an increase of 31%, mainly due to the increase in production capacity of Guangming Factory over the same period of last year and the increase in orders.

The company expects that the net profit attributable to shareholders of listed companies in the first half of this year will be positive and not a turnaround, and the net profit will vary from 0% to 30%.

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