Sanchuan Wisdom's semi-annual net profit of 44.45 million decreased 40% year-on-year

Sanchuan Wisdom's semi-annual net profit of 44.45 million decreased 40% year-on-year

[China Instrument Network Instrument Company] On August 17, Sanchuan Wisdom released the 2017 semi-annual report. The company achieved operating revenue of 267 million yuan in the first six months of 2017, a year-on-year decrease of 16.91%; the average operating income of the instrumentation industry grew by 23.96%. The net profit attributable to the shareholders of the listed company was 4,445.77 million yuan, a year-on-year decrease of 39.78%, and the average net profit growth rate of the instrumentation industry was 26.96%.

(Photo source Sanchuan Wisdom, Invasion)
The company believes that the continuous increase in the prices of bulk commodities during the reporting period led to an increase in the company’s product costs and decreased gross profit margin; A certain degree of decline.
The company's subsidiary, Ai Shui Technology, increased investment in the development of smart water business. During the reporting period, it had obtained exclusive rights to operate the water data of 5 water-operating companies. Smart water big data services achieved a good start, but due to the increase in initial investment costs, The company's performance during the reporting period has had a certain impact.
The non-recurring profit and loss of the company for the half-year 2017 will affect the net profit of about RMB 10-12 million, compared with RMB 9,256,800 in the same period of last year.
The company's current main business includes various types of water meters, water management application systems, water investment operations, water supply and distribution companies' poor production and sales, and DMA division management, municipal water treatment, and industrial wastewater treatment with intelligent water meters, especially the Internet of Things water meter as the core product. Smart water cloud platform construction, etc., is committed to becoming the world's most advanced water metering service provider and smart water service provider.
During the reporting period, the company further enriched its water operations business segment and invested RMB 5 million in the establishment of Jingchuan Water with the Longhushan Scenic Area Administrative Committee, holding 57.76% of its equity.
(Original Title: Sanchuan Wisdom Semi-Annual Net Profit of 44.45 Million Decreases by 40% from the Same Period)

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