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Shanghai Sanmao (600689): Net Profit Is Expected To Increase By 526% Over The First Half Of The Year.
Shanghai Sanmao (600689) issued a performance notice in the evening of July 29th. It is expected that net profit in the first half of this year will increase by about 8 million 470 thousand yuan compared with the same period last year, an increase of about 526% over the same period last year. During the reporting period, the company's non recurring gains and losses were about 13 million 50 thousand yuan, mainly for transferring the 90% stake of Shanghai Maoming estate, a controlling subsidiary, with a net income of about 11 million yuan. The year-on-year increase in non recurring gains and losses is the main reason for the increase in current performance.
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