东方盛虹(000301) - 2018 Q1 - 季度业绩预告

Financial Performance - The company expects a net profit attributable to shareholders to increase by 600% to 900%, projecting a profit of between 26.82 million and 38.32 million yuan for Q1 2018, compared to 3.83 million yuan in the same period last year[2]. - Basic earnings per share are projected to be between 0.022 yuan and 0.031 yuan, up from 0.003 yuan in the previous year[2]. - The significant increase in profit is attributed to the previous year's substantial operating losses from the subsidiary Jiangsu Shengze Dongfang Textile City Development Co., Ltd., which was partially divested in April 2017[4]. Accounting Changes - The company transferred 80% of its stake in the subsidiary, reducing its investment proportion to 20%, leading to a change in accounting from consolidated to equity method[4]. Disclosure and Risks - The earnings forecast has not been audited by registered accountants, and the final figures will be disclosed in the official Q1 2018 report[3][5]. - The company emphasizes the importance of timely information disclosure and urges investors to be aware of investment risks[5].