恒立液压(601100) - 2017 Q4 - 年度业绩预告

Financial Performance - The estimated net profit attributable to shareholders for 2017 is projected to be between 370 million and 400 million CNY, representing an increase of 299.65 million to 329.65 million CNY compared to the previous year, with a year-on-year growth of 425.94% to 468.59%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 352 million and 382 million CNY, an increase of 383.90 million to 413.90 million CNY year-on-year, reflecting a growth of 1203.45% to 1297.49%[4] - The significant profit increase is primarily due to strong market demand in domestic and international downstream industries, leading to a substantial rise in the capacity utilization of mature products and a significant increase in sales volume and revenue[6] - Non-operating gains and losses for 2017 are estimated to be around 18 million CNY, a decrease of approximately 84.25 million CNY year-on-year, indicating that the main business significantly contributed to the net profit growth despite foreign exchange losses[6] - The net profit base for 2016, after deducting non-recurring gains and losses, was relatively low at -31.90 million CNY, which further accentuates the growth in 2017[6] Product Development - The company has been developing new products such as hydraulic pumps and valves since 2013, with the 15T main control valve pump now in mass supply, steadily increasing market share and sales revenue[6] Forecast Accuracy - The company emphasizes that there are no significant uncertainties affecting the accuracy of this performance forecast[7] - The data provided is preliminary and subject to final audited results in the 2017 annual report[8]