Xinwei Communications achieved a net profit of 200 million in the first quarter, with a pre-increase of 50%

On the 26th of March, Xinwei Communication disclosed the forecast for the first quarter of 2018. It is expected to achieve a net profit of RMB 205 million to RMB 225 million, an increase of 0.36% to 10.16%. In addition, the company's net profit after deduction is estimated to be 2. Billion to 220 million yuan, an increase of 41.36% to 55.49%.

Xinwei Communication stated that during the reporting period, the company continued to maintain a good cooperative relationship with large customers at home and abroad, and continued to provide customers with product solutions based on pan-radio frequency technology. Previously, the market reported that Xinwei Communications did not get orders from Apple.