Fuanna Spent 2 Million 620 Thousand Yuan To Buy 310 Thousand Shares, And The Net Profit In 2018 Was The First To Break 5 Hundred Million.

Fuanna home furnishing Limited by Share Ltd (hereinafter referred to as "fuanna") announced in the evening of February 19th, the company today for the first time through the buy back special securities account to implement the buy back stock by centralized bidding, and repurchase 317 thousand and 200 shares, accounting for 0.036% of the total share capital of the company, the highest paction price is 8.23 yuan / share, the lowest paction price is 8.12 yuan / share, the total paction amount is 2 million 623 thousand and 200 yuan (excluding paction costs).

Fuanna has previously announced that based on the company's confidence in the future development prospects and high recognition of the company's value, taking into account the company's recent two tier stock market performance, and combined with the company's operating conditions, the main business development prospects, the company's financial situation and profitability in the future, based on the implementation of share repurchase.

The total amount of buyback funds is not less than 100 million yuan, not more than 200 million yuan, and the total number of shares repurchased does not exceed 5% of the total share capital of the company, all of which are derived from the company's own funds.

According to public information, fuanna, founded in 1994, focuses on the R & D, design, production, marketing and logistics of home textiles, and is a leading home textile company in China.

Reporters learned from the earnings report, from 2016 to the first three quarters of 2018, fuanna achieved operating income of 2 billion 312 million yuan, 2 billion 616 million yuan, 1 billion 763 million yuan, up 10.5%, 13.2%, 14.6% respectively, compared with the previous year, the net profit after deducting the net profit was 409 million yuan, 460 million yuan, 260 million yuan, respectively, increasing respectively, 260 million, and 460 million respectively.

The company's revenue growth has been accelerating in recent years.

On the one hand, due to the revival of home textiles, the development of the industry has been improving. On the other hand, the company has continuously optimized the channels.

In 2018, the company achieved a total revenue of 2 billion 918 million yuan in 2018, up 11.55% compared with the same period in the previous year. The net profit attributable to the shareholders of listed companies was 533 million yuan, 7.92% compared with the same period of last year, and the basic earnings per share were 0.62 yuan, 0.6 yuan in the same period of last year.

For the performance growth during the reporting period, fuanna explained that the growth of the company's revenue mainly came from the promotion of sales revenue.

The total operating profit, total profit and net profit attributable to shareholders of listed companies increased by 6.9%, 5.12% and 7.92% respectively, mainly due to the continuous growth of sales revenue, and two, the increase in investment income.

It will often enlarge the company's performance fluctuations, such as the industry boom, and the franchisee can sell more goods because of more stockings, which will easily lead to excessive stock and lead to faster growth of the company's delivery than the actual terminal. The industry is in a recession. The franchisee first thinks that the inventory growth is easy to purchase, which leads to the fact that the growth rate of the company's shipping is slower than the actual terminal growth. At the same time, fuanna's operation is steady. Although there are many fluctuations in the macroeconomic and real estate market, the growth of the company's operating income and net profit has never been negative. Historically, the growth of fuanna's performance in 2019 is expected to remain stable, mainly due to the fact that although the first quarter results in 2019 were high and low in the first quarter of 2018, there was a certain pressure on the external economic factors. Mi Hanjie, an analyst with GF Securities, said that Fuan's direct income was the highest among the home textile listed companies, and its performance stability was strong because of the main mode of joining.