Ruyi Group: Net Profit Rose To 39.6% In 2018.

Ruyi group disclosed its annual report in March 27, 2019. The company realized total revenue of 1 billion 330 million in 2018, an increase of 11.3% over the same period last year. The net profit attributable to the owners of the parent company was 99 million 12 thousand, an increase of 39.6% over the same period, an increase of 40% over the 3 consecutive year, and a 0.38 yuan earnings per share. During the reporting period, the gross profit margin of the company was 24.7%, an increase of 3.6 percentage points over the previous year, with a net interest rate of 8.4%, representing a 1.4 percentage point increase over the previous year.

During the reporting period, the non recurring gains and losses had a greater impact on the company's performance, totaling 50 million 500 thousand yuan, of which the profits and losses of entrusting others to invest or manage assets, the government subsidies were 38 million 185 thousand yuan and 19 million 339 thousand yuan respectively. After deducting the non recurring gains and losses, the net profit of the returned parent was 48 million 512 thousand yuan, up 13.1% over the same period.

The company's profit distribution plan for 2018 is 10 yuan, 0.50 yuan (including tax), with a dividend rate of 11.7%, which is lower than that of last year's 31.4%.

The cost of the period increased by 2.4%, which was a drag on the company's performance.

In 2018, the cost rate was 16.8%, an increase of 2.4% over the previous year, which was a drag on the company's performance. The total cost during the period reached 220 million, up 29.3% over the same period last year. The sales cost was 57 million 202 thousand, a year-on-year decrease of 0.5%, and the management cost was 76 million 390 thousand, an increase of 14.8% compared to the same period last year. The financial cost was 55 million 687 thousand, an increase of 23.7% over the same period last year, and the R & D cost was 34 million 433 thousand, up 776.7% over the same period. Operating costs 1 billion, an increase of 6.3% over the same period, lower than the 11.3% growth of operating income, resulting in a 3.6% increase in gross margin. The company's R & D investment was 44 million 824 thousand, an increase of 14.8% over the same period. R & D investment is totally cost oriented without capitalization.

The current "clothing sales" revenue contributed significantly.

From the perspective of business structure, "clothing sales" and "worsted fabrics" are the main sources of business revenue. Specifically, the sales revenue of clothing sales is 790 million, and the revenue is 59.6%. "Worsted" business income is 470 million, revenue accounted for 35.4%. "Other" business income is 53 million 480 thousand, revenue accounted for 4%.

From the perspective of profit contribution, the consolidated gross profit margin of enterprises is 24.7%, up 3.6 percentage points over the same period. Among them, "clothing sales", "worsted fabric" and "other" gross profit contributed 59.1%, 30.4% and 9.4% respectively. The gross profit margins of "clothing sales", "worsted fabrics" and "others" were 24.5%, 21.2% and 57.4% respectively.