In The Three Quarter Of The Year, He Added No Profit, And The Proportion Of Clothing Business Decreased.

The 2019 third quarter report released by Limited by Share Ltd (002485.sz) showed that the company achieved operating income of 2 billion 804 million yuan from the beginning of the year to the end of the reporting period, up 182.67% from the same period last year, and the net profit of the female parent was 85 million 752 thousand and 300 yuan, up 7.99% compared to the same period last year. The net profit of the female parent was 35 million 390 thousand and 700 yuan, up 213.25% over the same period, and the cash flow generated by the operation activity was 46 million 48 thousand and 200 yuan, up 133.79% over the same period.

In the third quarter of 2019, the company achieved operating income of 1 billion 104 million yuan during the period, up 83.15% from the same period last year, net profit of 78 million 598 thousand yuan to the parent, an increase of 1.05% over the same period last year, and a net profit of 29 million 601 thousand and 800 yuan to the parent button, up 133.58% compared to the same period last year.

It is noteworthy that the largest shareholder of Guangzhou's Cedar Culture Tourism Investment Co., Ltd. has a shareholding ratio of 63.62%, and its number of shares is 346103845. Guangzhou Jun Kai Investment Limited and Guangzhou cedar Culture Tourism Investment Co., Ltd. are the enterprises that control the same actual controller. As the two shareholder, 4.88% shares are also fully pledged, and 41.2% of the shares of the company are mortgaged.

Transformation of tourism service industry pushed up sales expenses by 74.89%

Hinur is making great efforts to develop tourism business. The company has said that while maintaining the steady operation of traditional clothing business, the company has actively explored cultural tourism business and promoted the development of cultural tourism town and global tourism.

The report shows that during the period, the company's long-term outstanding expenses increased by 86.98% over the beginning of the year, resulting in an increase in the expenditure of creative projects in Shangri-La. Sales expenses increased by 74.89% over the same period last year, resulting in an increase in tourism business revenue during the current period, resulting in an increase in marketing and publicity costs. Management fees increased by 147.48% over the same period last year, resulting in an increase in the company's scale resulting in an increase in overall staff costs and administrative costs. Financial expenses increased by 314.12% over the same period last year, resulting in an increase in interest expense for controlling shareholders.

In addition, the three quarterly report also showed that the city's pine pine brigade dinosaur Cultural Tourism Development Co., Ltd. received the notice on the 2019 annual tourism industry development support fund issued by Zhucheng Tourism Bureau (Zhu Wen brigade word [2019] 16) and the notice on the support for the development of tourism industry in the 2019 year (Zhu Wen brigade [2019] No. 17). According to the spirit of the document and the arrangement of work, Zhucheng song brigade has received the first phase of the tourism industry development award fund of 20 million 770 thousand yuan in the form of cash in the form of cash in the 2019 year, and second yuan in the 2019 year tourism industry development award fund, which has nothing to do with the daily business activities of the company, and is not sustainable. The government subsidy is expected to increase the total profit of the company in the year of 2019 to 64 million 770 thousand yuan.

The proportion of clothing business is shrinking.

It is understood that the sales of suits, shirts and other clothing products are mainly owned by the brand of "nore", "La nanyo", "Royal bridegroom" and "run Er". Among them, "XNOR" is positioned in the medium and top grade business men's clothing brand, "poornao" is positioned in the advanced customization brand, and the "Royal groom" is positioned in the high-end dress custom brand, "run Er" is positioned in the high-end women's clothing custom brand. The company has direct sales outlets and franchised stores, and sales mode is supplemented by group ordering, foreign trade export and online direct selling.

According to the third quarter report, as of September 30, 2019, Hinur's inventory amounted to 240 million yuan, up 15.4% from December 31, 2018, accounting for 6.23% of total assets, and asset impairment losses increased 30% over the same period last year. In the previous semi annual report, assets impairment amounted to 12 million 99 thousand and 900 yuan, accounting for 31.43% of the total profit due to provision for bad debts and inventory depreciation.

Earlier, in reply to the Shenzhen stock exchange's annual report 2018, he said that the gross profit margin of the company in 2018 was 16.61%, down 8.97% from the same period last year. Among them, the gross profit of garment business was 19.51%, down 4.86% compared to the same period last year, which is mainly due to the transformation of the company's garment business, resulting from the adjustment of product structure and the transformation from original internal production to external procurement during the transition period.

Tourism planning and town business have added new business this year, mainly relying on the company's professional operation team and standardized management system, integrating the rich formats such as the performing arts show, the scene commercial street, the characteristic dining room, the Hotel Inn, the theme park, the non-material cultural center, the folk art gallery and so on.

At the same time, he also said that clothing retail business accounted for a smaller share of the company's performance and had no significant impact. Therefore, the company's clothing business is not part of the obligation to perform information disclosure according to the guidelines.