Alto Electronics (002587) released the first quarterly report of 2016 on the evening of April 20. The company achieved a revenue of 53.43 million yuan, down 15.07% year-on-year; net profit was a loss of 65.331 million yuan, a profit of 653,400 yuan in the same period last year; basic earnings per share For -0.0177 yuan. Alto Electronics also expects the company to achieve a net profit of 10.8 million yuan to 11.5 million yuan in January-June, up 598.31% year-on-year to 643.57%. The announcement said that the expected change in performance was mainly due to the increase in sales revenue during the period.
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