Ruyi Group Said Its Operating Performance Was Lower Than That Of The Same Period Last Year.

? ? ? The Shandong Ruyi woolen garment group Limited by Share Ltd (hereinafter referred to as Ruyi group) released its annual report in 2019 on the evening of May 27th. During the reporting period, Ruyi group realized its operating income of 1 billion 150 million yuan, down 13.39% compared to the same period last year, and realized operating profit of 58 million 750 thousand and 200 yuan, down 47.37% compared to the same period last year, and realized a total profit of 55 million 763 thousand and 700 yuan, down 57.19% compared to the same period last year. The net profit of the company's shareholders was 48 million 169 thousand and 500 yuan, down 51.35% from the same period last year.

? ? ? Ruyi group said that during the reporting period, due to the adverse effects of the macroeconomic situation, the uncertainty of market demand and the tightening of environmental policies, some subsidiaries' business suffered a great impact. During the reporting period, the wholly owned subsidiary was affected by factors such as local urban construction and environmental protection policies, and the production and operation were greatly affected. The impact of product structure adjustment and business performance declined, and the company consolidated business performance decreased compared with the same period last year.

During the reporting period, the financial situation of Ruyi group was stable. As at the end of the reporting period, the total assets of the company were 4 billion 886 million yuan, an increase of 1.88% compared with the beginning of the period, and the owner's equity of the shareholders belonging to the listed company was 2 billion 660 million yuan, an increase of 2.12% compared with the beginning of the period; the net assets per share attributable to the shareholders of the listed company were 10.17 yuan, up 2.11% from the beginning of the period.

? ? ? At today's twenty-seventh meeting of the eighth board of directors of the Ruyi group, the board of directors deliberated and passed the motion of granting credit and granting credit to the bank in 2020. According to the group, according to the company's actual operation and business arrangements, the company intends to apply for 1 of the relevant commercial banks in 2020 in order to ensure the successful completion of the 2020 year's business objectives. The bank credit limit of 156 million yuan will be one year from the date of bank credit, and the chairman of Licensing companies will sign the loan contract and other related documents.

In 2020, Ruyi group made full use of the Internet + AI + industry chain technology, giving full play to the advantages of the whole industry chain, integrating resources, innovating operation, production and technology research and development, and realizing transformation and upgrading of traditional manufacturing to service manufacturing.

First of all, traditional business mode is innovating.

(1) adhere to high-end positioning, focusing on high quality, differentiated and functional products.

(2) dig deeper into the market and expand the big projects, promote growth with services and achieve high efficiency. We should establish a perfect standardized and specialized service system, quickly serve the market, and establish a fast and efficient supply chain support system, product development and whole category goods resources.

Second, a new breakthrough in the new retail mode.

(1) joint Internet sales platform, seize the 2020 Internet broadcast air gap, expand the C end product traffic and gradually precipitate the company's sales of big data, based on this, improve the front-end R & D and design, as well as the marketing and service position of the rear end, and extend to the high value-added curve.

(2) insight into the deep demand of Z generation users, expand the net red business mode, make the products more social media, and make the textile products with high technology content popular.

(3) cooperate with e-commerce operators to facilitate the operation and brand promotion of e-commerce, to meet the requirements of the brand in the Internet era, and to provide flexible supply chain services in the Internet era.

3, based on core technology, product lifecycle service is provided to promote the transformation of the company to service-oriented manufacturing enterprises.

(1) focus on market specialization and differentiation services, fission development organization structure, fully investigate market demand, use big data platform, strengthen technical data analysis and prenatal analysis, enhance user experience, guide product development with market demand, and achieve precise development.

(2) realize the linkage between market and development, dig deep customer demand, and research and develop customer satisfaction. We should concentrate our resources on the implementation of fist product marketing and build core competitiveness around the fist product marketing system.

(3) around the needs of the younger generation, we will introduce new products of science and technology in the form of fiber, fabric, clothing design, research and development and production, and create the comprehensive competitiveness of new products in the supply chain.

(4) shorten the cycle between user demand and customer satisfaction, and improve internal operation efficiency. Shorten the production cycle through the flat process of internal service.

(5) build product lifecycle service from the dress Consultant - personalized design - custom production - care and maintenance - product recovery.

? ? ? According to public information, Ruyi group was founded in 1972 as the Jining wool textile mill. In December 1993, it was restructured into a Limited by Share Ltd. In December 2007, it was listed on the Shenzhen stock exchange. In 2016, the company made use of some of the proceeds from the non-public offering of shares to incorporate the assets of related apparel businesses. The company then integrated the assets and set up enterprise groups. The company has become a large textile and apparel group which integrates the design, production and sales of worsted fabrics and garments. It has the largest and most complete wool textile and garment industry chain in the world.

Ruyi group's main business involves the design, production and sales of textiles, clothing and apparel. The acquisition, processing and sales of wool and other textile raw materials, textile and garment technology research and development, and so on, the company's clothing business and Tai'an Ruyi customers are mainly European and American famous brand customers and domestic large and medium-sized enterprises. Foreign customers usually place orders directly and make production according to orders. Domestic sales are generally done through bidding for large and medium-sized enterprises and sales by agents. The establishment of intelligent factories makes the manufacturing flexibility of enterprises better and can adapt to the changes of products.