Net profit has been declining for three consecutive years
On the evening of April 16, Lafang Jahwa (603630) released the 2019 performance report.Data show that in 2019, Lafang Jiahua’s income will not increase profits, and it will achieve operating income9.6.5 billion, an annual increase of 0.07%; attributable net profit realized 4947.940,000 yuan, down 61 every year.09%.The data shows that this is the third consecutive year of net profit decline for La Fang Jiahua. Specifically, according to the number of reports, Lafang Jahwa achieved an operating income of 96,484.970,000 yuan, an increase of 71 per year.030,000 yuan, an increase of 0.07%; profit totals 5486.460,000 yuan, a decrease of 9948 every year.380,000 yuan, a decrease of 64.45%; net profit attributable to the parent company is 4947.940,000, an annual decrease of 7769.09,000 yuan, a decrease of 61.09%.At the end of the reporting period, the company’s total assets were 192932.220,000 yuan, a decrease of 6556 from the end of last year.140,000 yuan, a decrease of 3.29%; attributable to the parent company’s equity 172511.60,000 yuan, a decrease of 5991 compared with the end of last year.120,000 yuan, a decrease of 3.36%. For the reasons for the company’s performance changes, Lafang Jiahua said that it was mainly because the company increased its offline promotion expenses in 2019, strengthened the offline channel, and supported it by the appropriate price discount policy of the channel; the company is carrying out 2019 annual inventoryThe price reduction test time, the unit price of the test used to calculate the net realizable value, compared with the same period last year, under the condition that the company’s product cost difference is not large, the inventory decline price provision accrued in 2019 is increased by 4 million yuan compared with 2018. Lafang Jiahua said that the company’s subsidiary Dewei (Shanghai) Cosmetics Co., Ltd. is mainly responsible for the sales of e-commerce products. Due to the increase in e-commerce channel expense ratios and the increase in ending inventory, Dewei (Shanghai) Cosmetics Co., Ltd. in 2019The provision for falling prices of inventories increased by 6 million yuan compared with that in 2018.In total, increase the inventory falling price reserve by about 10 million yuan. In addition, due to the impact of events after the reporting period, an increase in the provision for impairment of intangible assets and impairment of construction in progress was approximately 6.1 million. Sauna, Ye Wang Zhang Zeyan editor Chen Li proofreading Wang Xin