How did Qinshang Optoelectronics' 2015 financial report come out with a net profit of 42.67%?

On February 27th, Qinshang Optoelectronics released the “2015 Annual Results Express”. The company achieved operating income of approximately 858 million yuan from January to December 2015, down 5.27% year-on-year. Qinshang Optoelectronics' operating income increased by 15.16% in the previous quarter. The net profit attributable to shareholders of listed companies was 17.53 million yuan, a year-on-year increase of 42.67%. For the change of business performance, Qinshang Optoelectronics explained: 1. Operating results show that during the reporting period, Qinshang Optoelectronics realized total operating income of RMB 858,094,561.46, down 5.27% over the same period of last year; operating profit of RMB 16,807,308.01 Compared with the same period of 20154, the company increased by 64.51%; the total profit was 30,186,112.04 yuan, an increase of 123.03% over the same period of last year; the net profit attributable to shareholders of listed companies was 17,531,016.44 yuan, an increase of 42.67% over the same period of last year; Earnings per share were 0.05 yuan, an increase of 66.67%. At the same time, the announcement analyzes the reasons for changes in operating results: a. The decrease in total operating income from the previous period was mainly due to the macroeconomic impact and further intensified competition in the LED market; b. The increase in profit during the reporting period was mainly due to the internal control of the company. Improve and strengthen, the company's organizational structure is optimized, streamlined personnel, costs and expenses are effectively and reasonably controlled, and the profits of joint ventures. 2. Financial statement: At the end of the reporting period, Qinshang Optoelectronics' total assets were RMB 3,212,420,810.14, down 1.14% from the beginning of the period; the owner's equity attributable to shareholders of listed companies was RMB 2,234,723,778.85, which was higher than the beginning of the period. 0.71%; net assets per share attributable to shareholders of listed companies was 5.96 yuan, an increase of 0.68% from the beginning of the period.

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