Tianyu Pharmaceutical: Increasing income and increasing environmental protection investment
Recently, Zhejiang Tianyu Pharmaceutical Co., Ltd. released the 2017 annual performance forecast. In 2017, the profit was RMB 11,073,000, RMB -13,256,100, which was -10.03% -8.36% compared with the same period of 2016. The profit for 2016 was RMB 12,233,770.
Reasons for changes in performance:
1. During the reporting period, the company implemented the development strategy, strived to implement the company's business development goals, and achieved steady growth in revenues from the main business of APIs and intermediates.
2. During the reporting period, the company's administrative expenses increased compared with the same period of last year, mainly due to the rapid increase in staff salaries, R&D investment and environmental protection expenses compared with the same period of last year, resulting in a non-proportionate increase in profits.
3. During the reporting period, due to changes in the RMB exchange rate, changes in exchange gains and losses led to an increase in financial expenses compared to the same period last year.
4. The company expects non-recurring gains and losses of 9,819,500 yuan.
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