Shen Tianma's Net Profit For The First Three Quarters Of 2018 Was 1.28 Billion Yuan, Down 11.14% Year-on-year

- Oct 29, 2018-

On October 26, Shen Tianma released the third quarter report of 2018. The company's operating income for the first three quarters was 21.739 billion yuan, up 31.75% year-on-year. The net profit attributable to shareholders of listed companies was 1.275 billion yuan, down 11.14% year-on-year. Among them, the third quarter operating income was 7.764 billion yuan, an increase of 10.72%, the net profit attributable to shareholders of listed companies was 435 million yuan, down 35.37%.

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Shen Tianma said that the increase in operating income in the first three quarters was mainly due to the consolidation of the Xiamen Tianma G6 project in the second half of 2017, as well as the continuous optimization of the company's customer structure and product structure, and the product's high value-added and differentiated transformation.