Sino Clothing Business Revenue Fell 389 Million

In August 15th,

(14.220, 0.00,0.00%) released the first half results announcement, during which Hinur realized operating income of 389 million yuan, an increase of 898% over the same period last year, and realized a total profit of 40 million 280 thousand yuan, an increase of 121.47% over the same period last year, achieving a net profit of 1 million 620 thousand yuan, an increase of 106.99% over the same period last year.

It is noteworthy that Hinur's performance has not risen on clothing business, but has been promoted by tourism and other businesses.

According to the financial report, according to the industry,

Revenue decreased by 12.91% compared with the same period last year, and gross profit margin increased by 0.89% over the same period last year.

While the clothing sector accounted for 18.91% of the revenue, but the gross profit margin reached 23%; other business revenues accounted for 2.58% of total revenue, and revenue grew 59.84% over the same period last year.

Tourism has become the third largest source of revenue after the snore casual suit and suit suit.

In this regard, Hinur said in the announcement that under the environment of economic pformation and consumption upgrading, the company is maintaining

While doing business steadily, we should actively explore cultural tourism business as a new profit growth point.

In fact, overweight.

It is because in recent years, he has continued to slump.

In 2012, the net profit of snore was the first to decline after listing.

In 2014, the net loss of net profit was 50 million 540 thousand yuan, down 182.60% compared to the same period. In 2015, the net loss of net profit was 58 million 690 thousand yuan, down 16.14% compared with the same period last year. In 2016, the net profit of snore net increased by 12.75% compared with the same period last year, but it still lost 51 million 210 thousand yuan.

In order to turn around the deficit situation, in 2017, he introduced the brigade management team to enhance the tourism business.

In March this year, he took the 100% stake in Shangri-La Renhua Real Estate Co., Ltd. and 90% stake in Guangzhou Tian Nan Cultural Tourism Co., Ltd. in April, he also proposed to acquire 385 million equity interest in Xitang home and Kang Hui's creation with 385 million yuan to the listed company Pingtan (2.820, -0.06, -2.08%).

At present,

A major asset reorganization is still under way, and the 100% stake in Lijiang ERON Garden Investment Limited and Lijiang Huilong Tourism Development Co., Ltd. will be acquired through issuing shares and paying cash.