Newland expects annual results to double

Newland (000997) released three quarterly reports, the first three quarters, the company achieved net profit of 62,609,250 59 yuan, the year-on-year increase of 97.88%, the basic earnings per share of 0.14 yuan.　　Net profits are expected to grow 100% to 150% per cent a year. Quarterly reports show that the company realized in July-September attributable to the listed company's shareholder net profit of 18,505,099 16 yuan, an increase of 487.74%. The return on fair value changes in the company's reporting period increased by 100% over a year earlier, mainly because of the fair value added of trading financial assets and investment income increased by 84.39% over a year earlier, mainly for the increase in portfolio income over a year earlier.　　The first three quarters of the company's securities investment income of 7,832,553 53 yuan. The company is expected to achieve a net profit of about 6,918.98-8,648.73 million, the basic earnings per share of about 0.15-0.19 yuan, last year's 0.08 yuan growth of 100%-150%.　　Expected performance growth is attributable to the company's main business, particularly in the Department of Agriculture traceability projects, highway operations and two-dimensional code products, compared to a year ago a large increase in the period. Affected by the "Internet of Things" concept, as of October 12, 2009, the company's shares for 3 consecutive trading days (September 30, 2009, October 9, October 12) closing price deviation value of more than 20%. (Xing Bai Ying)