Ruyi Group's Revenue In The First Quarter Of Fiscal Year 2019 Rose 17.78% To 266 Million Yuan.

Recently, Ruyi holdings of Ruyi group of Shandong released the core data of the first quarter results of fiscal year 2019.

During the period, the group achieved a revenue of 266 million yuan, up 17.78% compared to the same period last year. The net profit attributable to shareholders of listed companies was 10 million 119 thousand and 500 yuan, an increase of 4.79% over the same period last year.

At present, the main business of Ruyi group is the design, production and sales of worsted fabrics and garments, the research and development of textile and garment technology, and so on.

Up to the end of the reporting period, the net assets of Ruyi group belonging to shareholders of listed companies amounted to 2 billion 616 million yuan, an increase of 0.39% over the previous year, and liabilities totaled 2 billion 170 million yuan. The net cash flow generated by operating activities was -2.18 billion yuan, compared with -5209.02 billion in the same period last year.

In this regard, the group said that the growth of its performance benefited from its active efforts to develop the international and domestic markets, the integration of fabric and garment industry chain, and the expansion of marketing channels to achieve diversification.

According to the 2018 earnings report disclosed by the company, we found that Ruyi group achieved 1 billion 328 million revenue in 2018, an increase of 11.28% over the same period last year, operating profit of 110 million yuan, an increase of 48.82% over the same period last year, an increase of 3 over the past 3 years.

And net profit attributable to shareholders of listed companies recorded 99 million 477 thousand and 500 yuan, an increase of 40.24% over the same period, and the total profit was 131 million yuan, up 29.07% compared with the same period last year; the basic earnings per share were 0.38 yuan.

Ruyi group said in its announcement that the strong growth of performance benefited from the group's active exploration of the international and domestic markets, giving full play to the advantages of the fabric and garment integrated industrial chain, and expanding the marketing channels to achieve diversification.

Ruyi group also revealed that the group adheres to the overall principle of "high-end positioning and quality strategy", and rapidly updates the profitability of the Internet. Through mergers and acquisitions, it integrates global multi national fashion brands to expand sales territory and create a Chinese fashion giant.

You know, Ruyi group announced in January 31st this year that it has completed the acquisition of the apparel and advanced fabric business of the company, including the world-renowned Lycra LYCRA brand.

After the completion of the paction, the new company was named the American Lycra group. Ruyi group became the controlling shareholder of the Lycra group. It will operate as an independent subsidiary company, and maintain enterprise positioning, development strategy and organizational structure.

Recently, people familiar with the matter revealed that Shandong Ruyi investment holding group has begun to actively prepare for the launch of the The Lycra Co., an initial public offering.

It is understood that the head of the Lycra group had said earlier that when the group began preparations for the acquisition of the Lycra group, it planned to push the Lycra to the capital market and create the three major sectors of the Ruyi group's technology, manufacturing and brand.