Inventronics expects net profit of 75.29 million-83.21 million in the first half of 2021, an increase of 90%-110%

On July 14, Inventronics (300582) recently released its 2021 semi-annual performance forecast, and its performance is expected to rise in the same direction. During the reporting period, the net profit attributable to shareholders of listed companies was RMB 75.2858 million to RMB 83.2106 million, an increase of 90% to 110% over the same period last year.

During the reporting period, the domestic macro-economy was active, stable and improving, and the LED industry prosperity continued to improve. The company's business fully grasped development opportunities, increased efforts to expand domestic, overseas and emerging application markets, and both order volume and shipment volume increased. At the same time, the company further strengthened lean management to improve quality and efficiency, strictly controlled various costs and expenses, and steadily improved operating performance, resulting in continued growth in net profit attributable to shareholders of listed companies during the reporting period.

During the reporting period, the impact of non-recurring gains and losses on the company's net profit is expected to be approximately RMB 4.16 million, mainly due to government subsidy funds received by the company.

Information shows that Inventronics is mainly engaged in the research and development, production, sales and technical services of LED drive power supplies, and is committed to providing customers with high-quality, cost-effective intelligent LED lighting drive power supplies and solutions.