In the report period, Xinpeng Micro Technology Co., Ltd. said that during the reporting period, the demand for semiconductors in the market was robust and new products of the Company continued to enter the market. With the business growth, the gross profit margin of the products increased gradually. Under the influence of revenue growth and gross profit margin growth, net profit increased by approximately 58.06 %.
According to the statistics, Core Composites is principally engaged in the research, development and sales of power management integrated circuits, with revenue of 117 million and net profit of 16.5592 million in the first half of 2017.