On August 28th, the report of the first half of 2017 released by the Real Olympics (831927) recently showed that as of June 30, 2017, the operating income for the first half of 2017 was 3.8100 million yuan, down 20.05% from the same period of last year; The net profit attributable to the shareholders of the listed company was -87.12 million yuan, which turned from profit to loss in the same period of last year; basic earnings per share was -0.09 yuan, compared with 0.14 yuan in the same period of the previous year.
As of June 30, 2017, the assets of Rio's IOT totaled 2,391.78 yuan, down 4.44% from the beginning of the period. The asset-liability ratio was 46.21%, an increase of 1.08 percentage points from the beginning of the period of 45.13%. The net cash flow from operating activities was -3.313 million yuan for the period, compared with -221.65 million yuan for the same period last year.
During the reporting period, RUAO continued to optimize the raw material supply chain to improve the company's cost control capabilities. At the same time, the company achieved the overall profitability of the company through improving production efficiency and reducing production costs. To cope with the risk of price fluctuations of major raw materials and products.
According to the data of the New Three Board Research Institute, the company is specialized in the development and manufacture of smart locks based on Internet of Things technology.
Some important matters during the reporting period:
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