Summary of Investment
Net Profit Growth Exceeded Market Expectation
In 2017, Luenmei Holding recorded a revenue of RMB2.376 billion, up 16.24% yoy; net profit attributable to parent company of RMB0.922 billion, up 31.93% yoy, equivalent to EPS of RMB1.157, up 12.6% yoy. Among them, the Q1/Q2/Q3/Q4 net profit attributable to parent company hit 4.52/-1.43/1.72/4.55, respectively, with Q1 and Q4 contributed the most to the result for the year.
Based on this robust performance, the Company planned to add 10 more shares by conversion of surplus reserves and distribute dividend RMB4.2 per 10 shares, topping the annual dividend rate to 40.08%.