Meiling expects net profit of about RMB 205 million this year

Reported on May 17, 2013, Meiling Electric announced the performance forecast for the first three quarters of this year on October 14, 2013. It is expected that the net profit attributable to shareholders of listed companies will increase by approximately 36% year-on-year and the basic earnings per share will increase by approximately 36% from the same period of the previous year. . From January to September 2012, Meiling Electric Appliances had a net profit of 151.052.71 million yuan.

From July to September 2013, Meiling Electric expects the net profit attributable to shareholders of listed companies to increase by approximately 73% to approximately RMB69.4 million from the same period last year ($40.97 million).

Meiling Electric stated in its performance forecast that during the reporting period, the company further optimized the product structure, gradually increased the scale of sales of main products; continued to strengthen internal control management, intensified cost control, reduced sales expense ratio, continuously improved overall operating efficiency, and achieved business performance. With continued and steady growth, net profit attributable to shareholders of listed companies increased year-on-year.