Modern Avenue Company 2018 Revenue Rose 69.7% To 1 Billion 563 Million Yuan Over The Same Period Last Year.

In February 27th, the modern Boulevard fashion group Limited by Share Ltd (hereinafter referred to as "modern Avenue company") released the core data of its performance in 2018.

We can see that the total revenue of modern Avenue company rose by 69.7% to 1 billion 563 million yuan in the same period last year, and the operating profit dropped 51.41% to 61 million 172 thousand and 300 yuan compared with the same period last year. The net profit attributable to the shareholders of the listed company decreased by 43.77% to 75 million 730 thousand and 800 yuan compared with the same period in 2018.

Among them, net profit attributable to shareholders of listed companies after deducting non recurring gains and losses rose by 128% to 64 million 647 thousand and 600 yuan in the same period.

In this regard, the modern Avenue company said that the strong growth has been attributed to the expansion of business scale last year, and the increase in private brand business, agency brand business, online business revenue and mobile application product revenue.

It is reported that the main business of modern Avenue company is agent brand, clothing bags, skin care cosmetics, jewelry accessories, mobile application products revenue, private brand T-shirts, according to its three quarterly report 2018, the company's operating income increased 59.93% to 1 billion 47 million yuan, net profit decreased by 61.10% to 58 million 369 thousand and 100 yuan, earnings per share 0.08 yuan.

It is worth mentioning that, according to the 2018 third quarter report released by modern Avenue company in October 23, 2018, it is known that the net profit margin attributable to shareholders of Listed Companies in 2018 is expected to vary from -25.75% to -48.03%.

However, the net profit attributable to shareholders of Listed Companies in the 2018 annual report was 43.77% lower than that of the previous year, which is not different from the company's 2018 annual performance notice.

In addition, modern Avenue company announced in January 6, 2019 that the controlling shareholder of the company issued a company stock initiative to its employees.

It is understood that the company's own statistics, during the controlling shareholder Ruifeng group's initiative to buy, the company and its wholly-owned subsidiary, a subsidiary of a total of 30 employees to increase the company's stock holdings, the total number of holdings of the company's stock of 159 thousand shares, the average price of the increase of about 6.6452 yuan / share, the total amount of 1 million 56 thousand and 600 yuan.

You know, employee response to the initiative and the subsequent sale of shares are voluntary, and employees do not hold any long-term commitment to the company's shares they hold.