Huifeng Diamond released its 2017 annual report. In 2017, it achieved operating income of 868.34444.47 million yuan, a year-on-year increase of 102.88%. The net profit was 3022.5141.9 million yuan, an increase of 246.79% over the same period of the previous year.
        According to the announcement, the reason for the significant change in the company's operating income and net profit was: the operating income during the reporting period increased by 44.03 million yuan compared with the same period of last year, an increase of 102.88%. The specific increase was due to (1) the main business increased by 42.9 million yuan, an increase of 100.81%, mainly benefited from the development opportunities of downstream customers of the company, and the shortage of supply of high-end products and prices in the market for related granular products. Among them, the newly added income was 31.26 million yuan due to the increase in sales volume, and the new income was 11.64 million yuan due to the change in sales price. (2) Other business income increased by 1.13 million yuan, an increase of 461.84%. The main reason was that the company relied on the investment in technology research and development to increase the share of high value-added entrusted processing, which enabled new technologies to be applied and generated benefits. During the reporting period, the net profit increased by 21.51 million yuan compared with the same period of last year, an increase of 246.79%. The main reasons for growth: (1) seize the opportunity of industry development, double the income; (2) the operating costs and related expenses are reasonably controlled.
        The company listed the new three board on November 11, 2016. The trading method is bidding, and the stratification is the basic layer. The company's main business is the research and development, production and sales of diamond micro-powder and diamond crushing and shaping materials.

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