On October 12, Infinex released its performance forecast for the period from January to September 2017. The company anticipates that the net profit attributable to shareholders of listed companies will range between 27,744,900 and 41,154,900 yuan. This represents a year-on-year decline of between 40% and 11%.
The company has outlined several factors contributing to this projected performance. First, during the reporting period, the firm actively expanded its business operations, leading to an overall increase in sales revenue. However, the sharp rise in raw material costs, combined with unfavorable economic conditions in overseas markets and foreign exchange fluctuations, significantly impacted the company’s income structure. As a result, the overall gross profit margin declined compared to the same period in the previous year.
Second, to explore new growth opportunities, Infinex accelerated its strategic initiatives in the new energy vehicle sector and related charging products. This shift required increased investment in research and development, which also contributed to the pressure on profitability during the period.
Despite these challenges, the company remains focused on long-term growth and innovation. By investing in emerging technologies and expanding its market presence, Infinex aims to strengthen its competitive position in the future.
This forecast reflects the current economic environment and the company's proactive approach to navigating market uncertainties while laying the foundation for sustainable development.
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