Yichuang Technology's 2017 revenue of 36.95 million yuan net profit of 5 million yuan

March 1st news, Yichuang Technology (839233) recently released the 2017 report shows that as of December 31, 2017, the operating income was 36,974,900 yuan, an increase of 91.3% over the same period of the previous year; the net attributable to the listed company shareholders The profit was 504,600 yuan, a decrease of 502.04% over the same period of last year; the basic earnings per share was 0.38 yuan, compared with -0.1 yuan in the same period of last year.

As of December 31, 2017, Yichuang Technology's total assets were 45.602 million yuan, an increase of 20.68% over the same period of last year; the asset-liability ratio was 59.59%, a decrease of 4.89 percentage points from 64.48% in the same period of last year. The net cash flow from operating activities was 2.404 million yuan in the current period, compared with -434.38 million yuan in the same period of the previous year.

During the reporting period, the gross profit margin of Yichuang Technology increased by 9.16% compared with the same period in 2016. The main reason is that the overall wood market in which the company is located in 2017 is better. At the same time, the national environmental protection production limit has caused large-scale non-standard enterprises to stop production, and the market production capacity has declined, so the product prices have risen. Operating costs increased by 68.45% compared to the same period in 2016. The main reason is that the substantial increase in sales revenue has led to a corresponding increase in operating costs.

According to the data of the Dibei New Third Board Research Institute, the main business of Yichuang Technology is the research and development, design, production, sales and installation of the whole wood products.

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