Jiaxin Silk (002404):2019 Net Profit Increased 14.01% To 164 Million Yuan.

Jiaxing silk (002404.SZ) disclosed its 2019 annual performance bulletin, achieving a total revenue of 3 billion 545 million yuan, an increase of 11.45% over the same period last year, operating profit of 212 million yuan, an increase of 11.17% over the previous year, a total profit of 212 million yuan, an increase of 9.53% over the previous year, and a net profit of 164 million yuan attributable to shareholders of listed companies, an increase of 14.01% over the previous year; and a basic earnings per share of 0.28 yuan.

During the reporting period, the company was in good condition and its business performance increased steadily. The main reason for the growth of performance is the increase in sales of clothing products, and the further expansion of the supply chain financing and cooperative trade of the golden silkworm network.