Blonde Rabbi Reduced Revenue By 3.39% In Fiscal Year 2019, And Profits Increased By 20.57%.

In February 28th, 002762.SZ announced its 2019 annual performance bulletin. During the reporting period, the company achieved a total revenue of 438 million yuan, down 3.39% from the same period last year, operating profit of 52 million 678 thousand and 700 yuan, an increase of 20.57% over the same period last year, and a net profit of 57 million 111 thousand and 100 yuan, an increase of 19.23% over the same period last year.

Earnings report pointed out that during the reporting period, the total revenue of the company decreased slightly compared with the same period last year, mainly due to the optimization of sales channels and the adjustment of sales policies, the concession of franchisees and dealers in 2019.

During the reporting period, the company's operating profit, gross profit, net profit and weighted average return on net assets had a certain increase over the same period last year. The main reasons are as follows: in 2019, the company increased its control over the cost and cost of products, and launched new products with higher gross profit margins, so that the gross gross profit margin increased. The termination of the equity incentive plan in 2018 made the company's remaining unamortized equity incentive costs need to be completed in 2018. The amortization reduced the net profit in 2018. In 2018, the provision for impairment of the ready to sell financial assets formed by the Wuhan Jiangtong animation media Limited by Share Ltd was 30 million 412 thousand and 100 yuan, which reduced the net profit of 2018.

It is reported that the Limited by Share Ltd was founded in 1996, and landed on the A share market in 2015. It is mainly engaged in R & D, design, production and sales of maternal and infant consumer goods (baby clothes, baby cotton products and all kinds of mother and baby products).