Leading Stock (600630): About 291 Million Yuan In Advance In 2020

Leading shares (600630. SH) disclosed the announcement of performance loss in 2020. It is expected that there will be a loss in operating performance in 2020. The net profit attributable to shareholders of listed companies is about - 291 million yuan, and the net profit attributable to shareholders of listed companies after deducting non recurring profit and loss is about - 298 million yuan.

During the reporting period, the company faced a complex and severe internal and external environment, especially affected by the Xinguan epidemic, the company's main business income decreased and the gross profit rate decreased, resulting in the decline of the company's overall operating performance. The details are as follows:

1. The consumption of clothing, home textile and other retail industries was greatly affected by the epidemic. The company adjusted the original production and operation plan due to the epidemic, and the corresponding products failed to achieve the sales plan, which affected the brand sales revenue and gross profit margin.

2. Due to the huge impact of the epidemic, the global economy is in serious recession, and some European and American orders are insufficient. The company adjusts its foreign trade business, which affects the foreign trade sales revenue and profits.

3. In the face of the epidemic situation, the company actively fulfilled the social responsibility of the listed company, and through the Shanghai Charity Foundation, directed donation of the company's products (personal clothing and other company products) to the relevant units and workers fighting in the epidemic prevention and control line of Hubei Province to support the needs of living materials in the fight against the new pneumonia epidemic.

During the reporting period, although the company has given full play to its comprehensive advantages, increased the sales and market development of masks, protective clothing and other products, and alleviated the operating pressure to a certain extent, based on the above reasons, the company will have a loss in 2020.