On October 12, Infinex released its performance forecast for the period from January to September 2017. The company expects net profit attributable to shareholders of listed companies to range between 27,744,900 and 41,154,900, reflecting a year-on-year decline of between 40% and 11%.
The company has outlined several factors behind this projection. First, during the reporting period, the company actively expanded its business operations, leading to an overall increase in sales revenue. However, rising raw material costs, along with challenging economic conditions in overseas markets and fluctuations in foreign exchange rates, have significantly impacted the company’s income structure. As a result, the overall gross margin has decreased compared to the same period last year.
Second, to explore new growth opportunities, Infinex has accelerated its strategic initiatives in the new energy vehicle sector and related charging solutions. This includes increased investment in research and development for new products, which is expected to drive long-term value but may have temporarily affected short-term profitability.
Despite these challenges, the company remains focused on innovation and market expansion, aiming to strengthen its competitive position in the evolving industry landscape.
Infinex continues to monitor market trends closely and remains committed to delivering sustainable growth in the future.
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