Huamao Shares (000850):2018 Net Profit Rose 18.19% To 119 Million Yuan In The First Quarter Net Profit Increased By 377.13%-420.50%

In April 12th, 000850.SZ issued a 2018 annual earnings bulletin, which achieved a total revenue of 2 billion 781 million 500 thousand yuan, an increase of 18.72% over the same period last year, operating profit of 120 million yuan, an increase of 11.01% over the same period last year. Net profit attributable to shareholders of listed companies was 119 million yuan, up 18.19% over the same period last year, and the basic earnings per share were 0.13 yuan.

During the reporting period, the company sold 11 million 610 thousand shares of GF Securities and obtained an investment income of about 135 million yuan. The share dividends paid by the company were about 49 million yuan.

In addition, it is estimated that the net profit attributable to shareholders of Listed Companies in the first quarter of 2019 will be 440 million yuan -4.8 billion yuan, up by 377.13%-420.50% compared with the same period last year.

The reasons for the change are as follows:

1. the proceeds from the sale of shares held by Guotai Junan Securities will increase the net profit attributable to shareholders of listed companies.

2, since January 1, 2019, the company has implemented the new accounting standards for financial instruments. It will be included in the fair value of the assets of the sale of financial assets, Guotai Junan, GF Securities, Tuwei information, network software stocks and other stocks of financial assets, to be re classified to the fair value of the value and the changes in the current profits and losses of the financial assets of the project accounting.

During the period, the fair value of such financial assets rose sharply, and the increase in fair value changes was attributable to the net profit of shareholders of listed companies.