Guangdong Junya's net profit in 2020 is expected to increase by 240.78% to 275.43%

On January 6, Guangdong Junya released an announcement on the expected increase in annual performance in 2020. The company expects that the net profit attributable to shareholders of the listed company in 2020 will increase by 83.3734 million yuan to 95.3734 million yuan compared with the same period last year, an increase of 240.78% to 275.43% year-on-year.

At the same time, the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses will increase by RMB 85.5709 million to RMB 94.5709 million compared with the same period last year, a year-on-year increase of 440.43% to 486.75%.

Guangdong Junya said that the reason for the performance growth in this period was mainly due to the impact of the main business. During the reporting period, the company continued to strengthen market development efforts, adjusted and optimized product structure, and the revenue scale and profitability were improved. First, the company's initial public offering of shares raised investment project Longnan Junya Precision Circuit Co., Ltd. (Phase I) released production capacity, and profits increased year-on-year during the reporting period; second, the company deployed new products and new technologies in advance and seized market opportunities. During the reporting period, the revenue of flexible circuit boards and rigid-flexible circuit boards business increased further.

In addition, the company completed a major asset reorganization in 2019 to acquire 100% equity of Shenzhen Mutailai Circuit Technology Co., Ltd. and Changsha Mutailai Circuit Technology Co., Ltd., and the wholly-owned subsidiaries Shenzhen Mutailai Circuit Technology Co., Ltd. and Changsha Mutailai Circuit Technology Co., Ltd. acquired through mergers under non-common control were included in the company's consolidated financial statements from September 2019. During the reporting period, the above entities were included in the company's consolidated financial statements and their net profits increased year-on-year.