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​MSCI: Beijing Shiji expects 8.49 percent rise in 2017 revenue

www.cfbond.com
2018-03-02 10:45

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The Beijing Shiji IT Co., Ltd. (002153) expects to see an 8.49 percent year-on-year increase in its 2017 operating revenue, as shown by its preliminary financial report released on Tuesday.

This preview shows a total operating revenue of RMB 2.89 billion for this company.

Its operating profit was RMB 501.026 million, up by 43.77 percent year-on-year, and its net profit was RMB 494.607 million, up by 3.56 percent year-on-year.

Profit attributable to its shareholders stood at RMB 432.042 million, up by 11.12 percent year-on-year. Earnings per share went up by 11.11 percent year-on-year to RMB 0.40.

Its total assets stood at RMB 6.553 billion, up by 8.18 percent year-on-year. Equity attributable to its shareholders totaled RMB 5.256 billion, up by 6.41 percent.

In 2017, this company stepped up its transformation from a software supplier to an operator of application services platform, set up several overseas branches, and invested in the next-generation cloud platforms. Its operating revenue grew steadily.

As per the latest accounting principles, this company listed its value-added tax refund as other income instead of non-operating income. This adjustment was the main reason for its 43.77 percent gain in operating profit in 2017.

These data were audited only internally and may be subject to further adjustments in its final 2017 performance report.
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