The company stated that the above predictions are based on the following reasons: As the company continued to strengthen its investment in R&D and sales of the Internet of Things and IoT platform, and achieved customer recognition with its technological advantages, the company’s Internet of Things table market gradually opened up. The performance has increased significantly from the previous year and has had a positive impact on the company's sales revenue and net profit. The profit for January-June 2017 of the restructured Tianxin Instrument Group Co., Ltd. completed in November 2016 was included in the consolidated statement of the company, which increased the company's net profit. During the reporting period, the amount of non-recurring gains and losses affecting net profits was approximately RMB 5 million to RMB 10 million, compared with RMB 501,700 during the same period last year.

It is reported that in the previous 2016 annual performance briefing, Jinka Smart stated that the company will enter the water sector in the follow-up and extend its direction to the ultrasonic smart water meter. And jointly invested with YZATEC Asia PTE ltd (translation "Yaike") to establish Zhejiang Jinka Yataike Intelligent Instrument Co., Ltd. (hereinafter referred to as "Kinkaya Tyco"), and announced that it entered the water meter industry. The newly established joint venture company will carry out its business in phases. In the first phase, it will manufacture and sell intelligent large-diameter ultrasonic water meters for the utility pipe network water meter market.

(Original title: Gold Card Intelligent predicts first-half net profit of 850 million yuan to 90.5 billion yuan, an increase of 116.36% to 141.82%)