Jiaxin Silk (002404):2019 Net Profit 158 Million Increased By 10% Overseas To Increase Supply Chain Layout And Construction

In April 14th, Jiaxin silk (002404) released its annual report in 2019. The bulletin showed that the operating income in the reporting period was 3438465946.17 yuan, an increase of 8.09% over the same period. The net profit attributable to shareholders of listed companies was 157963225.42 yuan, an increase of 10.08% over the previous year, and the basic earnings per share were 0.27 yuan, up 0.25 yuan in the same period last year.

During the reporting period, the company realized total revenue of 3438465946.17 yuan, an increase of 8.09% over the same period last year, and realized a total profit of 207247311.72 yuan, an increase of 7.13% over the same period last year, achieving a net profit of 157963225.42 yuan attributable to shareholders of listed companies, an increase of 10.08% over the same period last year.

In 2019, the impact of Sino US trade friction on textile and clothing exports appeared. According to the statistics of the General Administration of customs, the total export volume of textiles and clothing decreased by 1.89% in the same period last year, and the total export volume of clothing decreased by 4.01% compared with the same period last year. The management of the company made a full analysis and anticipation of the impact of Sino US trade war and the characteristics of the silk industry, and persisted in the integration of industry and trade mechanism. Unwavering, with many years of continuous customer and supply chain management advantages, overseas supply chain layout and construction, to form a domestic high-end garment manufacturing base and Southeast Asian garment production base coordinated development, continue to consolidate and expand the company's own clothing production capacity, and constantly enhance the core competitiveness of the company, the main business has continued to grow steadily. To achieve double growth in operating income and profit indicators.

According to the data, Jiaxin silk is one of the largest silk production and sales enterprises in China for more than thirty years. It has developed into a comprehensive silk industry system integrating R & D, manufacturing, foreign trade, brand, supply chain management, financial services and asset management.