Net profit of 5 million to 10 million Hualing Xingma achieves turnaround in the first quarter

On the evening of April 10, Valin Xingma Automobile (Group) Co., Ltd. released its 2017 first-quarter earnings forecast announcement. According to the announcement, preliminary calculations by the company's financial department indicate that Valin Xingma expects to achieve profitability in the first quarter of 2017, and achieve a net profit attributable to the shareholders of the listed company of 5 million to 10 million yuan. The net profit attributable to the shareholders of the listed company during the same period of last year was -15,459,258.76 yuan.

During the reporting period, Valin Xingma seized the opportunity of the domestic macroeconomic and fixed assets investment recovery to continue to promote the marketing system innovation and market transformation; actively promote product structure adjustment, improve the company's product sales model, expand product sales channels, improve Product sales revenue. During the reporting period, the company’s sales of heavy trucks and special-purpose vehicle products increased significantly.

Attachment: Valin Xingma Automobile (Group) Co., Ltd. 2017 first quarter earnings forecast announcement