The Board of Directors of Northeast Electric Development Co. Ltd. announced that it is predicted that the company is in a deficit of accumulative net profit of approximately RMB 13,000,000 to RMB 17,000,000 and loss per share of RMB 0.015 to RMB 0.019 in the first quarter of this year according to the primary calculation from the financial department. The accurate financial data will be fully disclosed in the first quarterly report of 2017 before 30 April 2017. According to the company's production and operation situation in the first quarter of 2017, the predicted cumulative net profit in the first quarter this year is RMB 13,000,000 to RMB 17,000,000 in consideration of the significant decrease of ordering and income of capacitor type products and the increase of period expense compared with last year.