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7 listed firms disclose first-half performance reports
Updated: 2019-07-18    Source: Zhongshan Daily Large Medium Small Print

Seven Zhongshan-based A-share listed companies have disclosed their first-half performance reports by July 16, six of which are predicted to realize a profit. Lifesense is expected to achieve a significant profit over last year's figures with an equally great increase somewhere in the neighborhood of 30% to 60%.

It has been predicted that 3 companies will be profitable and have witnessed positive growth. Among them, it has also been predicted that Tongyu Communication in the first half of the year will earn 48 to 56 million yuan. Their annual growth over last year should be 19.60% to 39.53%. As China's construction of the 5G network has gained traction, the sharp increase in 5G product sales has increased along with it. These products have sold much better compared with the same period last year, which has further translated into an increase in performance. The gross profit margin of oversea sales and the positive influence of the exchange rate have also been helpful to Tongyu Communication's performance increase.

Relying on an "Overall Solution of Health IoT and Big Data", Lifesense has been growing well in 2019. Its performance has been increasing rapidly, and it is predicted that its profits will reach 11,095,700 to 13,656,300 yuan, along side an annual growth rate of 30% to 60%. Lifesense is also the company with the biggest annual increase among these 7 companies.

Jianlong Shipbuilding is expected to make a profit of 8 to 9.8 million yuan, with annual growth rate of 7.86% to 32.13%.

Furthermore, it has been predicted that Union Optech, Sotech Smarter, and MLS will also be profitable. However, these companies' performance will decrease compared with the same period last year. Among them, Union Optech is predicted to make a profit of 25,113,200 to 31,391,500 yuan, which is equal to or lower than the same period last year. The decrease is predicted to be in the range of 0% to 20%. Sotech Smarter is predicted to make a profit of 5,593,200 to 14,915,100 yuan during the first two quarters, This indicates a decreases of 52% to 82% annually from last year. MLS is predicted to make a profit of 338 to 398 million yuan, a decrease of 17.77% to 30.17% compared with last year.

Among the 7 companies, Qtone Education is estimated to see a loss of 19 to 24 million yuan.

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