Changshan North Ming (000158):2019 Net Profit Decreased 42.40% To 107 Million Yuan.

Ge Long Hui April 14th Changshan North Ming (000158.SZ) disclosed the 2019 annual performance bulletin, realized total business income of 9 billion 447 million yuan, down 2.17% compared to the same period last year, total profit 130 million yuan, down 52.74% compared with the same period last year; net profit attributable to shareholders of listed companies 107 million yuan, a year-on-year decrease of 42.40%; basic earnings per share 0.07 yuan.

In 2019, the company carried out various tasks in an orderly way according to the annual business plan. The main business of textile industry is to improve quality and efficiency, lay stress on consolidating the foundation, pay close attention to quality improvement, reduce cost, increase efficiency and expand market, and improve enterprise management level. The software industry has accelerated the new layout of the market, made remarkable achievements in the transformation of the business platform, vigorously promoted the diversification of ODR Online Dispute Resolution platform business, and continued to deepen cooperation with Tencent and HUAWEI. Because the ODR platform is mainly in the advancing stage this year, it has not yet produced scale benefit. At the same time, the research and development investment in software sector continues to increase, and the R & D cost has increased significantly over the previous year. The decline in operating income and the continuing trade frictions in 2019 and the outbreak of pneumonia in early 2020 caused a great impact on the textile industry. In light of the current market situation and the principle of prudent management, effective prevention and dissolving of the risk of asset losses, the company made a report on the impairment of assets and other reasons for the partial inventory products of the textile sector, resulting in the results of this reporting period higher than that of the previous year. The same period declined.