HUAYOU COBALT(SH:603799)2018-01-22 16:00Financial Performance - The company expects a net profit attributable to shareholders for 2017 to be between RMB 1,650 million and RMB 1,900 million, representing a year-on-year increase of 2,283.10% to 2,644.18%[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by RMB 1,582 million to RMB 1,832 million, a year-on-year increase of 2,143.67% to 2,482.43%[4]. - The net profit for the same period last year was RMB 69.24 million, with earnings per share of RMB 0.13[5]. Business Drivers - The significant increase in profit is primarily due to the substantial improvement in the profitability of the company's main business, driven by rising cobalt product prices and increased production capacity[6]. - The demand for cobalt products has surged due to the growth in lithium-ion battery materials, including 3C lithium batteries and power lithium batteries[6]. - The company has achieved cost reductions and optimized product structure, enhancing its competitive advantages in technology research and development, resource development, and management innovation[6]. Forecast and Uncertainties - There are no significant uncertainties affecting the accuracy of this performance forecast[7]. - The forecast data is preliminary and subject to final audited financial results to be disclosed in the 2017 annual report[8].