Semir Hit A 19 Billion 300 Million Revenue High But Net Profit Fell 8.7%

Semir apparel (002563) recently issued the 2019 annual performance bulletin bulletin, operating income in 2019 was 19 billion 359 million yuan, an increase of 23.15% over the same period last year; net profit attributable to shareholders of listed companies was 1 billion 546 million yuan, down 8.72% over the same period last year.

The announcement shows that the total assets of Semir clothing are 16 billion 734 million yuan, an increase of 1% over the current reporting period, and a basic earnings per share of 0.57 yuan, compared with 0.63 yuan in the same period last year.

It is understood that during the reporting period, the company achieved a total revenue of 19 billion 359 million yuan, an increase of 23.15% over the same period last year, operating profit of 2 billion 150 million yuan, an increase of 3.74% over the same period last year, and a net profit of 2 billion 150 million yuan attributable to shareholders of listed companies, down 8.72% from the same period last year.

The main reasons for the increase of the company's operating income are as follows: (1) the rapid growth of children's business and the rapid development of online sales have contributed to the growth of the company's performance; (2) the company's current consolidated Sofiza SAS revenue in 2019.

The main reason for the decline in net profit attributable to shareholders of listed companies is as follows: the main reason for the decline in net profit is the acquisition and the French Sofiza. SAS affected the acquisition cost of the company when the merger cost was less than the fair value share of the identifiable net assets acquired last year, resulting in a higher net profit base, and the loss of the company's current reporting period affected the net profit of the current period.

At the end of the reporting period, the company's financial standing was good, with a total assets of 16 billion 700 million yuan, an increase of 1% over the same period, and the equity attributable to shareholders of listed companies was 11 billion 800 million yuan, an increase of 5.92% over the same period last year, and the asset liability ratio was relatively low.