Phoenix Bamboo Textile (600493.SH) Net Profit In 2019 Dropped 15.19% To 25 Million 953 Thousand And 600 Yuan To 10 Yuan 0.3 Yuan.

600493.SH released its annual report in 2019, operating income of 1 billion 24 million yuan, an increase of 1.87% compared with the same period last year. Net profit attributable to shareholders of listed companies was 25 million 953 thousand and 600 yuan, a decrease of 15.19% compared with the same period last year; net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 20 million 762 thousand and 300 yuan, a year-on-year decrease of 21.18%; and basic earnings per share were 0.0954 yuan. We plan to distribute cash dividends of 0.3 yuan (including tax) for every 10 shares.

During the period, textile revenue increased by 1.29% over last year, a slight increase over the same period last year. Gross profit margin decreased by 0.73 percentage points compared with the same period last year, basically unchanged. The main reason for the decline in performance is the increase in the cost of the export and the financial expenses of the parent company. Two, the operating profit of the Jiangxi subsidiary is reduced compared with the same period.

At present, the capacity of spinning, weaving, dyeing, dyeing, printing and other products is 10000 tons, 18000 tons, 1800 tons, 36000 tons, and 4000 tons respectively, and the utilization rate of capacity is good.

The company has implemented the mode of selling products according to the order, and the production volume and sales volume of the spinning, dyeing and finishing products, dyeing and finishing products have decreased compared with last year, and the production and sales of printing and dyeing products have increased.

The sales volume of the company is good, and the production and sales ratio has reached over 90% according to the single production mode, and the production and marketing ratio has maintained a relatively high level. The stock of spinning, dyeing and finishing products, dyeing and finishing, printing products increased from last year, mainly from the increase in the number of goods that had been put into storage and the products being taken back from the beginning of the year.