In response to questions from investors recently, Jingwang Electronics stated that Jiangxi Phase II is expected to achieve production in 2020, and the project will be put into operation while being constructed. The total profit of the project in 2018 will be 19.2199 million, and the total profit in 2019 will be 81.159 million. It is expected to realize a total profit of 343,289,800 yuan after delivery. The company's profit is mainly affected by market competition, product and order structure, raw materials and labor costs.

 

At the same time, Jingwang Electronics said that the company is focused on the industry and is committed to becoming the most reliable electronic circuit manufacturer in the world. It actively and effectively carries out various tasks in accordance with the established development strategy. The company's overall business situation is good and it is full of confidence in the development prospects. As of the reply date of the 23rd of this month, the company's controlling shareholders accounted for 70.66% of the shares, and the number of recent share plan reductions did not exceed 1% of the company's total shares, which will not affect the company's governance structure, equity structure, and continued operation . In 2020, the company's management will continue to strengthen market and customer development efforts, increase market share of high-end high value-added products, strengthen supply chain management and control, strengthen internal operations and improve turnover efficiency, and further improve cost management and cost. Control work to ensure that the company achieves growth in profit revenue and cash flow.

 

Source: Tonghuashun Financial Research Center