During the reporting period, LED chip market demand continued to maintain a strong momentum of the industry as a whole, the chip prices showed a relatively steady trend throughout the year, the company's chip production capacity in full production at the same time, lithium battery business also maintained rapid growth. Operating income of 997 million yuan, an increase of 167.18%; net profit of 206 million yuan after tax, an increase of 224.80% .Net contribution attributable to shareholders of listed companies 154 million yuan, accounting for the net profit attributable to shareholders of listed companies is about 43.43 %, Becoming the largest source of profit for listed companies.
At the same time, the Company actively distributed the LED chip business to extend to the upstream industrial chain and started to implement the sapphire graphic industrialization project. At present, the main plant project has been built more than half.
The company expects the net profit attributable to the parent company to be RMB86.14 million to RMB105.28 million in the first quarter of 2018, up 35% -65% over the same period of last year. The growth of performance was due to the substantial increase in LED business and lithium battery business capacity of the Company as compared with the same period of last year, It is estimated that the contribution of performance will increase more than the same period of last year.