Nearly 80% of storm group's net profit of 19million in the first three quarters came from government subsidies

For the decline in net profit in the third quarter, Bi Shijun, CFO of storm group, responded that the main factor was the rise in the price of TV panels in the third quarter, which was an industry wide phenomenon. Moreover, this negative factor has been eliminated and will not affect the performance in the fourth quarter

storm group recently announced the third quarter financial report of 2016. According to the financial report, in the third quarter of 2016, the company achieved an operating revenue of 4.022958 million yuan, an increase of 203.99% over the same period last year. However, the net profit fell by 97.16% to 487600 yuan

the operating loss of storm in the third quarter was 145million yuan, and the operating profit in the same period last year was 16.89 million yuan

in the first three quarters of 2016, Fengfeng Group achieved an operating income of 8.974233 million yuan, a year-on-year increase of 157.22%. In the first three quarters of 2016, Fengfeng Group achieved a net profit of 19.35 million yuan attributable to shareholders of listed companies

among them, the revenue from online payment services was 50.2315 million yuan, with a year-on-year increase of 304.41%, and the revenue from sales of goods was 479.6439 million yuan

the Storm Financial report shows that from the beginning of the year to the end of the third quarter, the government subsidies included in the current profits and losses (closely related to enterprise business, except for the government subsidies enjoyed in accordance with the national unified standard quota or quota) are about 15.31 million, accounting for about 80.5% of its profits

the operating loss in the first three quarters of the storm was 200million yuan, and the operating profit in the same period last year was 20million yuan

compared with the operating profit, the net profit usually includes some "non recurring profit and loss items" that are not directly related to the operating business, so it is not as accurate as the "operating profit" data in reflecting the profit of the business operated by a company

for the decline in net profit in the third quarter, Bi Shijun, CFO of storm group, responded that the main factor was the rise in the price of TV panels in the third quarter, which was an industry wide phenomenon. Moreover, this negative factor has been eliminated and will not affect the performance in the fourth quarter

in addition, with regard to the massive layoffs of storm magic mirror questioned by the outside world, Bi Shijun clarified that magic mirror split more than 100 employees into several joint venture subsidiaries, and only more than 50 people were really laid off, accounting for only 10% of all employees of magic mirror, which is a normal last elimination

editor: Yvonne