Taiping Bird: Net Profit Of Around 550 Million Yuan In 2019 Is Expected To Decrease By 4% Compared With The Same Period Last Year.

Last night, 603877.SH released the 2019 annual performance notice. After preliminary calculation by the financial department of the company, it is estimated that the net profit attributable to shareholders of Listed Companies in the year 2019 will be around 550 million yuan, which is expected to decrease by 4% or so compared with the same period last year.

The main reason for the performance change is that Taiping bird pointed out that (1) the total retail sales and operating revenue of the company continued to grow, but the growth rate slowed down compared with the previous year. The company continuously optimized the layout of the channel, and the number of stores at the end of the year was around 4500, of which more than 1600 were direct stores. The number of them increased and the rental cost increased correspondingly.

The establishment of equal key investment has resulted in a decrease in operating profit in the current period. (two) the company optimizes the liquidation of some of the long-term losses of its subsidiaries this year, and the enterprise income tax that has not been recognized in the previous year is recognized in the current period, and the non recurring gains and losses have increased.