Haidi's 2016 revenue of 44.15 million yuan of net profit increased by 71%

On March 29th, Haidi shares (stock code: 870555) recently released the 2016 annual report, showing that the revenue during the reporting period was 44.105 million yuan, an increase of 65.49% over the same period of last year; the net profit attributable to the shareholders of the listed company It was 2,283,300 yuan, an increase of 71.45% over the same period of last year; the basic earnings per share was 0.08 yuan, a year-on-year decrease of 70.37%.

As of December 31, 2016, Haidi's assets totaled 36.302 million yuan, an increase of 1.72% from the end of the previous year; the asset-liability ratio was 13.53%, down 50 percentage points from the end of the previous year of 63.53%. The net cash flow from operating activities was -701.04 million yuan for the period, compared with -543.74 million yuan for the same period last year.

Haidi's 2016 annual operating cost increased by 68.55% over the same period of the previous year, mainly due to the year-on-year increase of 65.49% in revenue, and correspondingly increased material costs, labor and manufacturing expenses.

During the reporting period, the sales expenses of Haidi's shares increased by 72.95% year-on-year, mainly due to the increase in the sales of Haidi shares. The company leased storefronts for the sale of goods, resulting in an increase of 120,000 yuan in rents compared with 2015 and the travel expenses incurred by sales personnel. Vehicle usage fees have also increased.

According to the data of the Dibei New Third Board Research Institute, Haidi Co., Ltd. is mainly engaged in research and development, design, production and sales of high quality lace and embroidery fabrics.

Some important matters during the reporting period:

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