Zhaoyi Innovation released a performance forecast and net profit increased by 48% to 60% year-on-year

After the market close on January 20, Zhaoyi Innovation (603986.SH) released an announcement on the pre-increase of its 2019 annual results.

The announcement stated that it is expected to achieve a net profit of 600 million to 650 million yuan in 2019, an increase of 195 million to 245 million yuan compared with the same period of the previous year, an increase of 48.15% to 60.49% year-on-year.

In addition, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was about 528 million yuan to 578 million yuan, an increase of 167 million yuan to 217 million yuan compared with the same period of the previous year, an increase of 46.26% to 60.11% compared with the same period last year.

Zhaoyi Innovation pointed out that the pre-increase in performance this time was mainly due to the increase in profit from main business; and factors such as the increase in government subsidy income, the increase in income from idle funds and wealth management, and the sale of tradable financial assets to obtain investment income, which increased non-recurring gains and losses. .

Zhaoyi Innovation is a new member of the domestic DRAM chip camp.

Observer.com previously reported that on December 27 last year, Zhaoyi Innovation announced that the company will complete the packaging test and customer verification of its first DRAM chip as early as 2021, and mass production will be carried out after the test is successful.

As of the close on the 20th, Zhaoyi Innovation rose 9.09% to close at 276 yuan, with a turnover of 1.881 billion yuan and a turnover rate of 2.49%.