Based on the preliminary review and analysis of the unaudited management accounts of the Group, the net profit is expected to increase by 18% to 25% year-on-year for the year ended 31 December 2017 (For the year ended 31 December 2016, the net profit and earnings per share of the company were approximately RMB$142 million and RMB 3.20 cents respectively). The Group believes that the significant growth in net profit is mainly attributable to the increase in the revenue generated from the assets management business and finance lease services, as well as the impairment loss reduction on finance lease, loan and account receivables during the year.

The Group will announce its 2017 annual results on 28 March and further share views on its business development and future plan.

Topic: Press release summarySectors: Daily Finance, Daily News^[1][2] http://www.acnnewswire.com From the Asia Corporate News Network

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References

1. ^{^} Daily Finance (www.acnnewswire.com)
2. ^{^} Daily News (www.acnnewswire.com)