Shengze'S Fabric Listed Company Made A Net Profit Of 6 Million 10 Thousand In The First Half Of The Year, And Suffered 5 Million 600 Thousand Losses From The QQ Group Fraud.

Suzhou Chu Xing fashion textile group Limited by Share Ltd (hereinafter referred to as "Chu Xing fashion") announced in the evening of November 12th, recently, the company's financial personnel received fake "Suzhou chstar fashion textile group" QQ group information and fraud phone, fraud personnel posing as group general manager and deputy general manager, in order to pay the money on the grounds of cheating the company 5 million 600 thousand yuan. Subsequently, the company found that the relevant information was counterfeit and forged, and immediately reported to the public security organ. Up to now, Suzhou Wujiang District Public Security Bureau has begun investigation.


Chu Xing said that the company is actively coordinating with the public security organs to investigate and strive to recover the payment. If the sum can not be recovered, it will cause some economic losses to the company and have a negative impact on the profits. The company will organize special departments such as finance and other departments to conduct special inspections of the company and its subsidiaries, focus on verification of payment and other key links, strengthen relevant staff internal control learning and risk prevention education and training, and prevent such incidents from happening again.


According to public information, Chu Xing's fashionable office address is located in San Tang Village, Shengze Town, Wujiang District, Suzhou City, Jiangsu province. The company is a professional supplier of high-end fabric and chemical fiber fabrics, which integrates fashion trends, product development, processing, production and sales services. It owns two brands: "Chu Xing Li Bu" and "Ding Bo fabric", providing customers with the best solution of Linpu and chemical fiber fabrics, and providing professional products and services through close links such as weaving, dyeing and finishing.


Chu Xing fashion develops its business through offline and online channels. Offline channels are mainly sold to more than 1500 garment brands and processing enterprises at home and abroad. The main source of revenue of the company is the product sales of apparel brands under the line. Online channels are mainly sold through Chu star mall. Chu Xing mall integrates customer procurement, logistics and distribution, after-sales service, product customization and development as one of the Internet information business platform. Chu Xing mall officially runs in 2018.


According to the financial report, in the first half of 2019, Chu Xing realized its business income of 116 million yuan, a decrease of 22.83% compared with the same period last year. The main reason is that the sales of the company's sports brand customers increased during the reporting period, but the sales revenue of the traditional customers, fast fashion customers and e-commerce customers was higher than that of the sports brand sales. The net profit was 6 million 17 thousand and 700 yuan, a decrease of 10 million 845 thousand and 400 yuan, a decrease of 64.31% compared with the same period last year. The main reason is that revenue has declined by 22.83% compared with last year, gross margin decreased by 3.1 percentage points, and operating profit dropped by 14 million 610 thousand and 400 yuan compared with the previous year.


During the reporting period, the main indicators of Chu Xing's fashion decreased compared with the same period, mainly due to the overall domestic and foreign economic environment during the reporting period, plus the cost and inventory pressure of the traditional textile and garment industry itself, resulting in a significant decline in sales in the first half of 2019. In order to meet the requirements of the new situation, the company innovated its operation mode, reduced costs and improved efficiency, vigorously supported the development of the company's Internet business platform, and vigorously developed the brand of sportswear, children's wear and men's wear, and promoted the company's new sales growth point.