Yiren Textile (871957): Loss Of 1455200 In The First Half Of The Year

On August 13, Yiren textile (871957) recently released its semi annual report for 2020. As of June 30, 2020, the company's operating income in the first half of 2020 was 102851096.45 yuan, a year-on-year decrease of 31.86%; the net profit attributable to shareholders of listed companies was -1455216.10 yuan, which was converted from profit to loss compared with the same period of last year.

As of June 30, 2020, the total assets of the company at the end of the reporting period was 397943953.51 yuan, an increase of 5.01% over the end of the previous year; the net assets attributable to shareholders of the listed company was 137343250.64 yuan, down 1.05% compared with the end of last year.

It is understood that the company's operating revenue during the reporting period was 102851096.45 yuan, a decrease of 48088416.10 yuan, or 31.86%, compared with the same period of last year; the net profit was -1455216.10 yuan, a decrease of 3475262.84 yuan or 172.04% compared with the same period of last year, which was mainly due to the impact of the new crown pneumonia epidemic in this year, which delayed the resumption of production in the reporting period, resulting in the decrease of sales volume.

Data show that Yiren textile is mainly engaged in the production and sales of yarn and cloth. The company takes the market as the guidance, has established the marketing, the quality craft, the production, the purchase four big core departments.