*ST Velvet (000982): Revenue Last Year 2 Billion Yuan, Down 28%

On May 5th, *ST Cashmere (000982) recently released its 2018 earnings report. The announcement showed that the revenue of 2 billion 20 million yuan in the reporting period fell by 27.78% compared with the same period last year. The net profit attributable to shareholders of listed companies was -29.83 billion, down 6319.56% compared with the same period last year, and the basic earnings per share were -1.6526 yuan, down 6312.78% from the same rate.

As of December 31, 2018, the net assets of *ST Zhong Rong belonged to shareholders of listed companies were -10.66 billion yuan, down 155.92% from the end of last year; liabilities totaled 9 billion 446 million yuan; the net cash flow generated by business activities was -4908.77 yuan, down 4.19% from the end of last year.

The operating income in the reporting period was 2019728751.29 yuan, down 27.78% from the same period last year. Net profit attributable to shareholders of listed companies was -2983039111.45 yuan, down 6319.56% from the same period last year; the current operating cost is 1986029910.28 yuan.

During the reporting period, the remuneration of directors, supervisors and senior managers of the company amounted to 5 million 214 thousand and 100 yuan.

Chairman of the battle, Yingjie paid 932 thousand and 100 yuan, general manager Liu Chunli salary 405 thousand and 500 yuan, chief consultant Dai Ping salary 533 thousand and 800 yuan.

Statistics show that *ST cashmere is mainly engaged in the production and sale of cashmere, wool, linen and its blended textiles.