The Annual Report Of 2020 And The First Quarter Of 2021

On April 28, the state-owned suit brand baoxiniao released the annual report of 2020 and the financial report of the first quarter of 2021 at the same time. According to the annual report of 2020, during the reporting period, the revenue of the bird of joy was 3.788 billion yuan, up 15.74% year on year; The net profit attributable to the parent company was 366 million yuan, up 74.4% year on year; Net profit after deducting non-profit was 296.9 million yuan, up 177.02% year-on-year.

As we all know, 2020 is a very serious year affected by the epidemic. In such a year, it is very difficult for a company with solemn and solemn official clothes as its main brand to avoid losses, let alone make profits.

For this annual report, the company said that in the face of the adverse impact of the new crown epidemic, the company firmly develops its main business, actively arranges online channels and e-commerce channels, strengthens the construction of channels, and improves the quality of operation. The main business of "textile and clothing" is still the main source of enterprise revenue. The operating revenue of the main business was 3.69 billion yuan, accounting for 100% of the total revenue, and the gross profit rate was 64.4%.

According to the first quarter financial report of 2021, during the reporting period, the first quarter revenue was 995 million yuan, up 53.59% year-on-year; The net profit attributable to the parent company was 180.9 million yuan, up 177.89% year on year; The net profit after deducting non-profit was 155.4 million yuan, up 199.49% year on year.

The increase is very large. In the whole year of 2020, the net profit of baoxiniao company is only 366 million yuan. However, in this short quarter, the net profit of baoxiniao company has reached 180.9 million yuan. That is to say, if the bird of joy keeps such a growth rate in the following quarters, then the first, second and third quarter of this year will be the first year of this year In two or two quarters, we can achieve the net profit income of the whole year in 2020.

This is not impossible. After all, the first quarter of 2021 is only in the initial stage of the epidemic situation being alleviated. In this initial stage, the bird of joy has already achieved such good results, which makes people very optimistic about the operating income of the bird of joy in the next quarter. After all, with the continuous recovery of the economy, the proportion of the revenue of the bird of joy will be further improved, so as to achieve the expected net profit of the whole year compared with the two quarters.

According to the public information, baoxiniao was founded in 2001. It is a high-tech enterprise with garment production, sales and R & D as its main business and investment as its sideline. Headquartered in Wenzhou, Zhejiang, the company has set up three production bases in Wenzhou, Shanghai and Hefei. The company was listed on the small and medium-sized board of Shenzhen Stock Exchange in 2007. It is a clothing listed enterprise in Wenzhou. Since its establishment, it has always been committed to delivering the essence and trend of modern men's wear to every generation of Chinese men, creating suits more suitable for Chinese body shape as the core pursuit of the brand.