On August 1st, Zhaochi Co., Ltd. (002429) released its performance forecast for the first three quarters of 2017. The company anticipates that the net profit attributable to listed company shareholders will range between 420 million and 525 million yuan, representing a year-over-year increase of 20.00% to 50.00%. This growth contrasts sharply with the average net profit growth rate of the audio-visual equipment industry, which stands at -27.99%.
The company attributes its positive outlook to several key factors. First, it has been actively expanding its market presence and intensifying product promotion efforts, achieving notable success in its industrial restructuring. As a result, the primary business revenue across all sectors is anticipated to grow steadily. Second, the company has implemented stringent cost and expense control measures. Additionally, the widespread adoption of information systems and advancements in automated management practices have contributed significantly to reducing operational costs while enhancing overall efficiency. These strategic initiatives have played a crucial role in driving the company’s performance upward.
It’s worth noting that this forecast reflects the company’s current expectations, but actual results may vary due to uncertainties inherent in the business environment.

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