Deep Textile A (000045): A Loss Of 400 To 8 Million Yuan In The First Quarter.

In April 11th, Shenzhen textile A (000045) released the first quarter results announcement in 2020: the loss is expected to be 4 million yuan to 8 million yuan from January 1, 2020 to March 31, 2020, and 10 million 381 thousand and 900 yuan in the same period last year.

The main reason for the loss of net profit attributable to shareholders of Listed Companies in the reporting period is: first, to actively respond to the new social responsibility of the coronavirus pneumonia in response to the epidemic situation of the new coronavirus pneumonia. The company and its wholly owned enterprises respond to the call of the Shenzhen municipal government and the SASAC to reduce the rent for the two or three months of the year's own property (except residential property), and the rent for the reporting period. The income dropped substantially compared with the same period last year. Two, the Shenzhen City Shengbo Photoelectric Technology Co., Ltd. did not carry out trade business in the current reporting period, resulting in a decrease in trade income.

During the reporting period, the company estimated that the impact of non recurring gains and losses on net profit attributable to shareholders of listed companies amounted to about 3 million 700 thousand yuan, mainly for government subsidy income.

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.