Liyang's 2016 revenue of 61.14 million yuan decreased by 42% year-on-year

On April 14th, Liyang (870727) recently released its 2016 annual report, showing that as of December 31, 2016, Liyang's operating income was 61.104 million yuan, a decrease of 3.24% over the same period of the previous year; The net profit was 3,960,700 yuan, a decrease of 34.67% year-on-year; the basic earnings per share was 0.83 yuan, a decrease of 86.39% from the same period of the previous year.

As of December 31, 2016, Liyang's assets totaled 43.3215 million yuan, a decrease of 8.78% from the end of the previous year, and the asset-liability ratio was 24.04%, down 42.43 percentage points from the end of the previous year's 66.47%. The net cash flow from operating activities was RMB 115.67 million in the current period, compared with RMB 101.81 million in the same period last year.

During the reporting period, Liyang's share management expenses increased by 63.13% over the same period of the previous year, mainly due to the company's increased R&D efforts, the introduction of R&D talents and the increase in the cost of the New Third Board agency.

Liyang's 2016 operating profit decreased by 48.07% compared with the same period of the previous year, mainly because the gross profit margin of the current period increased by 9.26 percentage points compared with the same period of the previous year, but the management expenses and sales expenses increased significantly.

According to the data of the Dibei New Third Board Research Institute, Liyang's main business is the development, production and sale of curtains and curtain accessories and plastic bases.

Some important matters during the reporting period:

Source link: http:// closure/2017/2017-04-13/1492074469_402885.pdf

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