Neville Technology Releases First Quarter Report 2019

Recently, Neville Technology disclosed its first quarter 2019 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 quarter of 2019, the company's various businesses continued to achieve sound development. In the first quarter of 2019, Neville Technology achieved operating income of 132.9296 million yuan, basically the same as the same period last year; operating profit of 13.5144 million yuan, an increase of 15.08 percent over the same period last year; net profit attributable to shareholders of listed companies was 12.3091 million yuan, a substantial increase of 99.67 percent over the same period last year; net cash flow from operating activities improved from -49.618 million yuan in the same period last year to 56.7379 million yuan in the current period.

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 third-generation semiconductors and unmanned systems, and is committed to becoming a first-class private technology enterprise group with high competitive threshold.