Why is the annual profit of Sanju Environmental Protection lower than the quarterly profit?

The net profit attributable to the owners of the parent company in the first quarter, the first half, the first three quarters and the year of 20 18 was 594 million,12140,000,12.44 million and 506 million respectively, and the net profit decreased by nearly 60% from the previous month.

By consulting and comparing the 20 18 annual report and quarterly report, it is found that the main reason why the annual net profit is lower than the quarterly net profit is that a large number of assets were impaired in the fourth quarter, and the loss soared from1580,000 yuan in the third quarterly report to 9140,000 yuan, resulting in a significant increase in total operating costs and a significant decline in net profit.