Xinhua Jin (600735): Net Profit Of 10 Million 761 Thousand And 400 In The First Quarter, Down 46%

In April 29th, Xinhua brocade released a quarterly report in 2020. The company achieved operating income of 298 million yuan in 2020 1-3, down 2.15% compared with the same period last year. The household light industry has disclosed that the average operating revenue growth rate of a quarterly stock is 13.05%. The net profit attributable to shareholders of listed companies is 10 million 761 thousand and 400 yuan, down 45.89% compared to the same period last year, and the household light industry has disclosed an average net profit growth of a quarterly stock. The rate is 16.76%, and the company's earnings per share is 0.03 yuan.

At the same time, the company issued the 2020 semi annual performance forecast, expected 2020-01-01 to 2020-06-30 performance: the cumulative net profit from the beginning of 2020 to the next reporting period will be lower than that of the same period last year.

Regarding the reasons for the half year performance change in 2020, the company said that the global trade in commodities was affected by the outbreak of the new coronavirus, and the cumulative net profit from the beginning of 2020 to the end of the next reporting period would be lower than that of the same period last year, mainly due to the decrease in export orders for foreign products and textile garments.