Wynca Group expects to realize profits of RMB 200-220 million in H1 2017
According to the Amendment Report on Financial Performance Forecast of H1 2017 released by Wynca Group (600596) on the evening of July 7th, its net profits attributable to shareholders of listed company in the first half of 2017 which were originally expected at RMB110-130 million will probably be RMB200-220 million after the recalculation of its financial department. Its net profits attributable to shareholders of listed company were RMB-17.3733 million in the first half of 2016.
The report noted that, one of main reasons for its amendment of the financial performance forecast is that the relocation compensation of RMB57.6058 million on Bainanshan region from Jiande City Construction Development Investment Co., Ltd. in June was incorporated in its operating receipts of the first half of 2017; the other reason is that its selling prices for organic silicon products in the second quarter of 2017 were higher than expected and average gross profits went up with increased profits of about RMB25 million.
