On January 18, Changfang Group released its annual performance forecast, revealing a significant improvement in its financial outlook for the year 2017. The company expects the net profit attributable to shareholders of the listed company to range between 30 million and 35 million yuan, representing a year-on-year increase of 147.81% to 155.78%. This positive shift reflects the company’s ongoing efforts to enhance operational efficiency and optimize its business structure.
The forecast is based on several key factors. First, the net profit of Shenzhen Kangmingsheng Technology Industrial Co., Ltd., a subsidiary under the holding company, saw an upward trend in 2017 compared to the previous year. Second, the company made strategic moves by relocating its packaging production line to the Huizhou Industrial Park. This relocation was accompanied by a focus on refined management practices, which helped streamline operations, reduce costs, and improve overall asset utilization. These measures are expected to have a positive impact on the company's profitability.
In addition, the company estimated that the influence of non-recurring gains and losses during 2017 would amount to approximately 22.28 million yuan. While these one-time items may affect the final figures, they do not detract from the overall positive trajectory of the company’s performance.
This report highlights Changfang Group’s commitment to long-term growth and sustainable development. With continued focus on cost control and operational improvements, the company is well-positioned to maintain its upward momentum in the coming years. Investors and stakeholders alike will be closely watching how these initiatives translate into real results in the months ahead.
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