LongiTech Smart Energy Announces Business Update
Profit Before Tax for the First Nine Months of 2017
Expected to be RMB100M With a YoY Growth of 78%
[24 October 2017, Hong Kong] LongiTech Smart Energy Holding Limited ("LongiTech Smart Energy" or the "Company", and together with its subsidiaries, the "Group", stock code: 1281) is pleased to announce that, based on the preliminary review on the unaudited management accounts of the Group for the nine months ended 30 September 2017 and the preliminary estimation by the management of the Company, as at 30 September 2017, the revenue of the Group is expected to increase by approximately 76% to approximately RMB770 million and the profit before tax is expected to increase by approximately 78% to approximately RMB100 million, as compared to the corresponding period in 2016. The growth in revenue and profit before tax is mainly attributable to the growth in smart energy and solar energy businesses, especially the home system.
Mr. Wei Qiang, Chairman and Chief Executive Officer of LongiTech Smart Energy Holding Limited commented, "We are excited about the encouraging results achieved in the first nine months of 2017. The announcement of business update fully reflects the Group's efforts in developing the "Internet +'' smart energy business as our business strategy has been proven effective. We are confident of the Group's prospects and will continue to strive towards the goal of becoming the most sophisticated domestic operators of smart energy cloud platforms."
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About LongiTech Smart Energy Holding Limited
LongiTech Smart Energy Holding Limited ("LongiTech Smart Energy", stock code: 1281) is a leading green city smart energy solutions provider in China. The Company focuses on user-side energy services, provideng comprehensive smart energy management services through the Smart Energy Cloud Platform, including operation and maintenance while energy is in use, enhanced analysis of energy efficiency, distributed supply of multi-energy complementation (including photovoltaic, power storage, etc.), power trade and other value-added services, realizing comprehensive smart management of user-side energy network, help users realize real-time energy adjustment and balance.
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25/10/2017 Dissemination of a Marketing Press Release, transmitted by EQS Group.
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