Ningbo water meter revenue of 370 million yuan in the first half of net profit of 52.74 million yuan

[China Instrument Network Instrument Company] On August 31, Ningbo Water Meter announced the first half of 2017 report. As of June 30, 2017, Ningbo's water meter operating income was 372 million yuan, a decrease of 15.74% over the same period of last year; attributable to the listing The net profit of the company's shareholders was 52.8554 million yuan, a year-on-year decrease of 19.44%.

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As of June 30, 2017, Ningbo's water meter assets totaled 627 million yuan, an increase of 1.81% from the beginning of the period, and the debt-to-equity ratio was 44.06%, an increase of 4.32 percentage points from the beginning of the current period of 39.74%. The net cash flow from operating activities for the current period was -1871.46 million yuan, which was 46.2667 million yuan in the same period of last year.
During the reporting period, Ningbo's water meter operating revenue was 372 million yuan, a decrease of 15.74% over the same period of the previous year. The main reason was that the company completed the Chinese government with China Textile Machinery and Technology Import and Export Co., Ltd. in the first half of 2016 to “finance Cuban households”. "Water meter procurement project" orders; Second, the overall demand of the water meter industry has declined compared to the same period last year, especially the demand for mechanical water meters fell significantly.
According to statistics, Ningbo Water Meter mainly provides independent water supply, metering and monitoring for water companies, industrial companies, and real estate customers in different regions of the world through independent R&D, design, and production. Data transmission solutions, and provide comprehensive after-sales services to obtain the corresponding benefits and profits.
(Original Title: Ningbo Water Meter's revenue of 370 million yuan in the first half of 2017 net earned 52.74 million yuan)

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