Jialin Jie, Who Entered The 1 Billion Revenue Club, Signed Another $100 Million Contract With Italy Buyers.

Shanghai Jialin Jie textile Limited by Share Ltd (hereinafter referred to as "Jialin Jie") announced in the evening of April 26th, in April 23rd, the company's wholly-owned subsidiary of Shanghai Jialin Jie Textile Technology Co., Ltd. (hereinafter referred to as "textile technology") and AZIENDAREGIONALEPERLINNOVAZIONEEGLIACQUISTI (hereinafter referred to as "ARIAS.p.A.") Signed the contract book to ARIAS.p.A. We sell blue anti - wear clothing, medical cap, white hat, isolation clothing and isolation clothing.

Jia Linjie said that the contract amount (excluding VAT) was converted to RMB 120 million 862 thousand and 400 yuan in April 24th according to the RMB exchange rate in the interbank foreign exchange market, which accounted for about 13.75% of the company's latest audited accounting year (2018).

According to the relevant laws and regulations, Jialin Jie's future export declaration price is the amount of freight and the business revenue is recognized. Therefore, the amount of business revenue confirmed in this contract will be higher than the above contract amount, and its proportion of the company's annual operating income is not yet available. If the contract can be carried out smoothly, it is expected to have a positive impact on the company's 2020 annual revenue and operating performance.

It is reported that ARIAS.p.A. is the material buyer designated by the Lombardia government in the main epidemic area of Italy. In March 31, 2020, after the signing of a large contract with textile technology, Jialin Jie's related business received more enquiries from overseas customers. Jialin Jie has signed and fulfilled some orders for overseas customers other than ARIAS.p.A., according to the order demand and its own supply capacity. The textile technology and ARIAS.p.A. once again signed a larger contract, which helps to promote the company's business development in the field of health protection.

According to public information, Jialin Jie, a local high end knitted fabric manufacturer, provides functional fabrics and clothing products for many internationally famous outdoor sports brands. After the outbreak, Jialin Jie first moved the original 3 floors and 6000 square meters workshop to transform the production protective clothing. According to previous data, Jialin Jie's isolation clothing capacity was 20 thousand pieces / day, and the medical cap production capacity was 4. Ten thousand pieces / day.

According to the financial report, in 2019, Jialin Jie achieved a business income of 1 billion 5 million yuan, an increase of 14.36% compared with the same period last year. The net profit attributable to shareholders of listed companies was 17 million 340 thousand and 900 yuan, down 198.65% compared with the same period last year.

Jialin Jie explained that the total operating profit and profit in the reporting period increased by 442.50% and 3749.74% respectively over the same period last year, mainly due to the increase in the company's revenue scale during the reporting period, the decrease in current interest bearing liabilities, the corresponding decrease in interest payments and the favorable exchange rate changes.

During the reporting period, net profit and basic earnings per share attributable to shareholders of listed companies decreased by 198.65% and 198.58% respectively compared with the same period last year, mainly due to the reversal of deferred income tax in the reporting period and the effect of tax changes in the same period last year.