Wig Nash: Net Profit In 2018 Increased By 43.6% Over The Same Period Last Year.

Vigna S disclosed the annual report in April 3, 2019. In 2018, the company achieved a total revenue of 3 billion 90 million, an increase of 20.3% over the same period last year. The net profit attributable to the owners of the parent company was 270 million, an increase of 43.6% compared with the same period last year, and the earnings per share were 1.58 yuan.

During the reporting period, the gross profit margin of the company was 69%, down 0.6 percentage points from the previous year, and the net interest rate was 10.1%, an increase of 1.4 percentage points over the previous year.

During the reporting period, the non recurring gains and losses had a greater impact on the company's performance, totaling 57 million 960 thousand yuan, of which the change in profits or gains from the disposal of pactional financial assets and liabilities or investment income amounted to 58 million 481 thousand yuan.

After deducting the non recurring gains and losses, the net profit of the returned parent was 210 million yuan, up 14.9% over the same period.

Net profit growth is less than revenue growth. The gross profit margin is mainly from 69.69% last year to 69.05% this year and the cost rate increased from 56.6% last year to 57.17% this year.

The cost rate of the company in 2018 was 57.2%, up 0.6 percentage points from the previous year.

The total cost during the period reached 1 billion 760 million, up 21.5% over the same period last year.

The sales cost was 1 billion 270 million, an increase of 26% compared to the same period last year; the management cost was 160 million, up 20.7% compared to the same period last year; the financial cost was 230 million, up 6.2% over the same period; the R & D cost was 100 million, up 10.8% over the same period.

Operating costs 960 million, an increase of 22.9% over the same period, higher than the 20.3% growth of operating income, leading to a 0.6% decline in gross margin.

The company's R & D investment was 100 million, an increase of 10.8% over the same period.

R & D investment is totally cost oriented without capitalization.

From the perspective of business structure, "TEENIEWEENIE- women's clothing" is the main source of business income.

Specifically, "TEENIEWEENIE- ladies" business income is 1 billion 630 million, revenue accounted for 53%.

"VGRASS- skirt" business income is 420 million, revenue accounted for 13.6%.

"TEENIEWEENIE- children wear" business income is 300 million, revenue accounted for 9.9%.

From the perspective of profit contribution, the consolidated gross profit margin of enterprises is 69%.

Among them, the gross profit contribution of "TEENIEWEENIE- dress", "VGRASS- skirt" and "TEENIEWEENIE- children's clothing" accounted for 53.1%, 13.5% and 9.9% respectively, and the "TEENIEWEENIE- women's clothing" contributed a lot to gross profit.

The gross margins of "TEENIEWEENIE- dress", "VGRASS- skirt" and "TEENIEWEENIE- children's wear" were 69.3%, 68.8% and 69.1% respectively.