Neville Technology Releases 2018 Mid-Year Report and Outlook for Third Quarter Report

On August 23, 2018, Neville Technology disclosed the full text and summary of the 2018 semi-annual report on the GEM information disclosure website designated by the China Securities Regulatory Commission (Juchao Information Network http://www.cninfo.com.cn/). In the first half of 2018, the company's main business developed soundly, MEMS and avionics businesses achieved growth and improved profitability, navigation business remained stable and profitability rebounded, and intelligent manufacturing business achieved scale revenue. At the same time, the unmanned system business is still in the initial accumulation stage, the contribution performance is limited, the third-generation semiconductor materials and devices business is just in the initial investment stage, has not yet contributed to the performance, the company's investment in the Beidou industry fund, semiconductor industry fund is still in the investment period, has not yet contributed to the investment income.

In the first half of 2018, Neville Technology achieved operating income of 349.1429 million yuan, an increase of 24.24 percent over the same period last year; operating profit of 75.1929 million yuan, a sharp increase of 218.05 percent over the same period last year; total profit of 75.0081 million yuan, a sharp increase of 127.13 percent over the same period last year; net profit of 60.9231 million yuan, a sharp increase of 155.52 percent over the same period last year; net profit attributable to shareholders of listed companies of 56.6341 million yuan, a sharp increase of 135.09 percent over the same period last year.

At the same time, Neville Technology looks forward to its performance from January to September 2018. Benefiting from the high prosperity of the downstream application market, the company's main businesses have achieved growth and improved profitability. The company expects to achieve a net profit range of 7,901.23-86.9135 million yuan from January to September, up 200-230 year on year.

Neville Technology closely revolves around the two industrial chains of Internet of Things and military electronics. On the one hand, it vigorously develops the three core businesses of MEMS, navigation and avionics. On the other hand, it actively lays out potential businesses such as unmanned systems, intelligent manufacturing and third generation semiconductors, and is committed to becoming a first-class private technology enterprise group with high competition threshold.