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6 listed firms report YOY growth in net profit in Q3
Updated: 2019-10-30    Source: Zhongshan Daily Large Medium Small Print

As of October 28,  a total of 7 A-share listed companies in Zhongshan have disclosed their Q3 reports and 5 have disclosed their Q3 performance forecasts.

Of the 7 companies, Transtek Medical reported an operating income of 265 million yuan in the third quarter, a year-on-year increase of 34.25%; the net profit was 13.06 million yuan, an increase of nearly 45% year-on-year. Its growth in Q3 quarter led to a relatively rapid growth in the first 3 quarters, with an operating income reaching 615 million yuan, up 15.61% year-on-year. The net profit in the first 3 quarters reached nearly 25.09 million yuan, up 43.02% year-on-year.

Zhongshun Group maintained the same growth trend as the first half of the year, with the third quarter's operating income reaching 1.647 billion yuan, up 10.21% year-on-year; the net profit attributable to shareholders of listed companies was 163 million yuan, up 44.16% year-on-year. In the first three quarters of 2019, its cumulative operating income reached 4.819 billion yuan, an increase of 18.11% over the same period of last year. The net profit reached 437 million yuan, up 39.96% year-on-year. 

Topstrong Living Innovation & Integration recorded revenue of 260 million yuan for the third quarter, a year-on-year increase of 13.77%. In the first three quarters of this year, its operating income reached 598 million yuan, an increase of 9.59% over the same period of last year. The net profit for Q3 was about 27.21 million yuan, up 0.03% year-on-year; accumulated net profit for the first three quarters reached about 52.91 million yuan, up 2.79% year-on-year.

Among the other four companies, Senssun's operating income in the first three quarters was 610 million yuan, down 10.64% year-on-year, and its net profit was 33.4791 million yuan, up 40.33% year-on-year. Rifeng Cable in the first three quarters of the operating income of 1.13 billion yuan, a year-on-year decline of 4.70%; the net profit was 85.4904 million yuan, down 5.92% from the same period last year. Homa Appliances' Q3 operating income fell by 20%, and the net profit fell by 70%; its cumulative operating income for the first three quarters was 5.783 billion yuan, down 5.26% year-on-year, with a profit of nearly 299 million yuan.

Qtone Education saw a year-on-year decline in performance in the first three quarters, but its performance in the third quarter improved significantly. In the first three quarters this year, Qtone Education realized an operating income of 446 million yuan, down 3.50% year-on-year; its net profit remained negative.

Tongyu Communication, Union Optech, Jianglong Shipbuilding, Zhongshan Golden Horse and Hoshion have made forecasts on their Q3 performances. Tongyu Communication is expected to make a profit of 88-95 million yuan in the first three quarters, up 45.67%-57.26% year-on-year. Jianglong Shipbuilding is expected to make a profit of 15.0763-17.0763 million yuan in the first three quarters, up 3.29%-16.99% year-on-year.

Meanwhile, Union Optech is expected to make a profit of 44.3162-55.3953 million yuan in the first three quarters, down 0-20% from the same period last year. Zhongshan Golden Horse is expected to make a profit of 75-80 million in the first three quarters, down 15.43%-20.71% from a year earlier. Hoshion is expected to make a profit of 6.5-9.5 million yuan in the first three quarters, down 63.42%-74.97% year-on-year.

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