Zhitong Finance App News,Longgong of China(03339) It was announced that in the first half of 2017, the Group achieved revenue of 4,533 billion yuan (RMB, same below), an increase of 73.33% over the previous year; gross profit of 1,235 billion yuan, an increase of 99.91% over the previous year.

In addition, net profit attributable to owners of the parent company reached 498 million yuan, an increase of 149.32% over the previous year; profit per share was 0.12 yuan, and no interim dividend was paid.

During the reporting period, the Group's comprehensive gross margin rose from 24.22% to 27.25%, an increase of 3.03 percentage points, and the overall comprehensive gross margin increased markedly. This is mainly due to the fact that after the country implemented the country's three emission standards, it increased product settlement prices, persistently optimized procurement and transportation resources, strengthened the Group's overall procurement and bargaining capacity, improved the efficiency of production capacity utilization, gave full play to the Group's vertical integration advantages, applied and perfected advanced technological manufacturing processes, optimized the allocation of human resources, and raised the level of internal management of enterprises.

However, the sharp increase in net profit was mainly due to a sharp increase in sales, an increase in overall gross margin, and effective control of costs and expenses.