Net Profit of Sailun Jinyu Group Doubles in Q1-Q3
Sailun Jinyu Group Co., Ltd. released on Oct. 29 the business results for the first three quarters of this year.
In the first nine months, operating revenue of Sailun Jinyu totaled 8.05 billion yuan, up 11.92% year on year; the net profit attributable to shareholders surged 97.15% to 306 million yuan; and the net profit excluding non-recurring items soared 107.79% to 297 million yuan.
As of end-Sept., the company’s total assets were 12.67 billion yuan, down 2.56% from the end of 2015; and the net assets attributable to shareholders grew 6.47% to 4.52 billion yuan.
In the balance sheet of the company, the other non-current assets rose 379% as the pre-paid equipment and the payment for engineering projects, the Vietnam branch for instance, had increased.
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