Deep Textile A (000045):2019 Realized Profit Making Net Profit 19 Million 680 Thousand

Shenzhen textile A (000045) recently released its annual report in 2019. The announcement shows that the revenue in the reporting period was 2 billion 158 million yuan, an increase of 69.62% over the same period. The net profit attributable to shareholders of listed companies was 19 million 679 thousand and 900 yuan, which turned out to be a gain compared with the same period last year. The basic earnings per share were 0.04 yuan, compared with -0.04 yuan in the same period last year.

As of December 31, 2019, the net assets of Shenzhen textile A attributable to shareholders of listed companies were 2 billion 728 million yuan, an increase of 14.93% over the previous year, and net cash flow from operating activities was 383 million yuan, compared with -4.6 billion in the same period last year.

It is understood that the net profit attributable to shareholders of listed companies has increased substantially over the same period last year, mainly due to the increase in non recurring gains and losses. The amount affected is 78 million 913 thousand and 700 yuan, mainly for disposal of illiquid assets, investment income and government subsidy income. Among them, the company transfers 50% of the equity of the good property company to achieve a net profit after tax of 41 million 611 thousand and 400 yuan.

Statistics show that the main business of Shenzhen textile A is the high-tech industry represented by polarizer with liquid crystal display, the management and operation of its own property and the retained high-end textile and garment business.