On October 24, 2017, our company group released the third quarter 2017 financial report. The financial report shows that although the global economic growth has slowed, the overall turnover of FPC's flexible circuit board FPC increased by 14.2% year-on-year in the third quarter. At the same time, due to the effective results in reducing operating costs, the net profit of our company group increased by 17.3% in the third quarter.
In the third quarter of 2017, sales of FPC products in the automotive field of our company group increased by 20.6%. In addition, in the production of high-precision, multilayer flexible circuit boards, sales have steadily increased.
In the third quarter, total sales of touch screen FPC systems rose by 8.2%. The mobile phone touch screen FPC is still popular in the market, and the sales volume continues to rise, consolidating our company's market position, and the overall trend is good.
In the field of industrial control equipment FPC, due to the pursuit of intelligent manufacturing and automated production, the sales of industrial control equipment FPC have also increased. FPC connected to large displays is expected to resume growth in the fourth quarter.
The analysis pointed out that the demand for FPC on-board flexible circuit boards of our company will continue to grow with the intelligentization of automobiles. Based on the above judgment on market trends, our company group has given an expectation of a full-year turnover growth of 7.8%.