On April 12, Xinmao Technology released its first quarter 2018 forecast. It is estimated that the net profit attributable to Xinmao Technology's shareholders will be RMB18 million-22 million, an increase of 290.46% - 377.22 % compared to RMB4.61 million in the same period last year; basic earnings per share will be RMB0.0148 -0.0182, an increase of 289.47% -378.95% compared to RMB0.0038 in the same period last year.

The net profit for Xinmao Technology's shareholders has a significant increase compared with the same period of last year, mainly because:

1. The company concentrated its resources on developing its main business and building a “preform, fiber and cable” industrial chain. During the reporting period, the sales and profit of the optical communication products both increased year-on-year.

2. In the reporting period, the equity of the affiliates was sold and the investment income increased.

See details at

Http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bulletin_detail/true/1204616076?announceTime=2018-04-12