On October 11, Overclocking 3 released its performance forecast for the first nine months of 2017. The company anticipates net profit attributable to shareholders of listed companies to range between $30.127 million and $33.475 million, reflecting a year-on-year decline of up to 10% or a slight increase of 0%. This forecast highlights a challenging period for the company as it navigated several operational and financial challenges.
The company explained that while its core business revenue and product gross margin remained relatively stable compared to the same period in 2016, certain factors negatively impacted its overall performance. One key issue was the production line relocation that took place during the second quarter of 2017. This move disrupted some of the company's production capacity, leading to temporary inefficiencies and delays in output.
In addition, the company incurred higher short-term management costs due to initial listing activities and related expenses. These costs were expected as part of the process of going public, but they contributed to the pressure on profitability during the first three quarters of the year.
Despite these challenges, the company remains optimistic about its long-term prospects. It is working to stabilize operations and improve efficiency as it moves forward. The forecast reflects a cautious outlook, but also signals that the company is taking steps to address the issues affecting its performance.
Overall, the report provides a clear picture of the current situation and the factors influencing the company’s results. It shows that while the first half of 2017 was tough, the company is actively managing its way through the difficulties.
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Xuzhou Jiuli Electronics Co., Ltd , https://www.xzjiulielectronic.com