YOUNGOR Taiping Bird Red Bean Released 2018 Annual Performance Announcement

YOUNGOR, red bean and Taiping bird released 2018 annual results announcement, of which YOUNGOR's net profit rose 1134.72%; Taiping bird expected its net profit to rise 23% to 560 million yuan over the same period, and red bean realized a net profit of 200 million yuan.

In January 30th, YOUNGOR group Limited by Share Ltd released the 2018 annual performance announcement.

According to the announcement, YOUNGOR expects to achieve a net profit of 3 billion 664 million yuan attributable to shareholders of Listed Companies in 2018, which will increase by about 3 billion 367 million yuan compared with the same period last year, an increase of about 1134.72% compared with the same period last year. The net profit after deducting non recurring gains and losses attributable to shareholders of listed companies will increase by about 3 billion 881 million yuan compared with the same period last year.

YOUNGOR said there were three main reasons for this increase:

First, the base of last year was relatively small. In 2017, the net profit of the Company attributable to shareholders of listed companies was only 297 million yuan due to the provision of 3 billion 308 million yuan for the impairment of the assets of CITIC shares, and the base was relatively small.

Second, the main business is growing steadily. The company expects to have a revenue of about 9 billion 296 million yuan in 2018, a decrease of about 5.52% compared with the same period last year.

Third, the investment income of investment business is about 3 billion 285 million yuan, an increase of about 7.81% over the same period last year. Net profit attributable to shareholders of listed companies is about 1 billion 837 million yuan, representing an increase of about 3 billion 526 million yuan over the same period last year.

The Pacific bird group released its preliminary performance in 2018. Its net profit is expected to rise 23% to 560 million yuan over the same period last year, mainly due to steady growth in revenues, effective control of inventory size and government subsidies.

There are people in the industry who believe that the growth of Taiping bird, which has been in existence for over 30 years, is inseparable from its insistence on breakthrough in innovation.

As of the three quarter of 2018, Taiping bird had 4431 entity stores.

Jiangsu red bean industrial Limited by Share Ltd (hereinafter referred to as "red beans") issued a notice of performance in the evening of January 30th. The company expects that the net profit of the Company attributable to shareholders of Listed Companies in 2018 will be 200 million yuan to 219 million yuan, which will be reduced from 389 million yuan to 408 million yuan compared with the same period last year (the annual statutory disclosure number of 2017), representing a decrease of 63.97% to 67.1% over the same period last year.

According to the notice, the net profit from non recurring gains and losses attributable to shareholders of listed companies is between 162 million yuan and 181 million yuan in January 1, 2018 and December 31, 2018. Compared with the same period last year (2017 annual statutory disclosure data), it will increase 1 million yuan to 20 million yuan, an increase of 0.62% to 12.42% over the same period last year.