Seven Wolves Want To Make 172 Million Allowance For Orders, But It Will Not Work Well.

Fujian seven wolves industrial Limited by Share Ltd released the third quarter report in 2016. The report showed that the operating profit of the seven wolves in the third quarter was 646 million yuan (RMB, the same below), an increase of 1.36% compared with the same period last year. The net profit attributable to shareholders of listed companies was 63 million 630 thousand yuan, a decrease of 9.6% compared with the same period last year, and a basic earnings per share of 0.08 yuan. At the same time, the operating income of the seven wolves in the first three quarters was 1 billion 790 million yuan, an increase of 1.29% over the same period last year, and the net profit attributable to shareholders of the listed company was 169 million yuan, which was reduced by 1% compared with that of the previous year, and the basic earnings per share were RMB yuan.

The announcement shows that in the first quarter of the three quarter of the seven wolves, the government's financial subsidy was 23 million 265 thousand and 100 yuan, and the investment income of financial products was 95 million 149 thousand and 400 yuan.

Seven wolves are expected to belong to 2016.

The net profit margin of the shareholders is 218 million yuan to 273 million yuan. The result is that the company's order will be reduced to the customer's order in 2016.

In the announcement, after considering the impact of income tax and minority shareholders' profit and loss, the proposed reduction will reduce the net profit attributable to parent company owners in 2016 to 147 million 542 thousand and 200 yuan in 1-9 months.

According to the announcement, the seven wolves and their subsidiaries in 2016, the end of 9, the estimated balance of the reserve price to be prepared is 551 million 239 thousand and 500 yuan, of which, at the end of 2015, the provision for inventory depreciation was 481 million 856 thousand and 700 yuan, and in 2016 of 2016, it was sold for 67 million 651 thousand and 700 yuan due to the sale of finished products.

In addition, seven wolves announced on the 25 day that in order to more accurately and accurately reflect the company's assets and financial situation as of September 30, 2016, the company and its subsidiaries were at the end of the third quarter of 2016.

The assets of receivables, fixed assets and other assets were thoroughly checked. After a comprehensive inventory and asset impairment test, the provision for impairment of assets in 2016 was estimated to be 172 million 11 thousand and 900 yuan, accounting for 63% of the net profit of the parent company in 2015. 1-9.