On February 18th, Tony Electronics released its 2018 performance report. In 2018, its total operating income was 872 million yuan, up 20.1% over the same period of last year. The net profit attributable to shareholders of listed companies was 115 million yuan, down from the same period of last year. 33.44%; basic earnings per share was 0.81 yuan, compared with 1.37 yuan in the same period last year.
According to the announcement, the total assets of Tony Electronics was 1.444 billion yuan, an increase of 16.69% compared with the beginning of the report.
It is understood that during the reporting period, Tony Electronics focused on development strategies and business objectives, consolidating basic work and optimizing strategic layout. According to preliminary calculations, the operating income in 2018 was 872 million yuan, up 20.1% year-on-year; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 3,758,700 yuan, down 77.29% year-on-year, mainly due to the diamond cutting line. The New Deal has an impact. In the first quarter and the second quarter, the operating income of the Tony Electronic Diamond Cutting Line Project increased rapidly. However, on May 31, 2018, the National Development and Reform Commission, the Ministry of Finance and the Energy Bureau jointly issued the Notice on Matters Related to Photovoltaic Power Generation in 2018. After the implementation of the 531 New Deal, the demand for diamond cutting lines and the unit price of sales dropped sharply, resulting in a sharp decline in the operating income and gross profit margin of the corresponding products in the third quarter and the fourth quarter. At the same time, the investment in R&D of new products of Tony Electronics increased significantly, and the overall net profit was higher. It fell sharply last year.
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