Ruyi Group'S Revenue In 2019 Exceeded One Billion, Net Profit Fell 49.46%

In February 29th, Ruyi group announced its 2019 annual performance bulletin. The announcement shows that in 2019, Shandong's Ruyi Business income was 1 billion 149 million 579 thousand and 700 yuan, down 13.43% compared with the same period last year, and realized operating profit of 52 million 922 thousand and 400 yuan, down 52.59% compared with the same period last year. The total profit was 54 million 149 thousand and 300 yuan, down 58.43% compared to the same period last year. The net profit margin attributable to shareholders of listed companies was 50 million 36 thousand and 200 yuan, down 49.46% from the same period last year.

Ruyi group said that the main reason for the change of the company's performance was due to the adverse impact of the macroeconomic situation during the reporting period, the uncertainty of market demand and the tightening of environmental policies. At the same time, a wholly owned subsidiary is affected by factors such as local urban construction and environmental protection policy. Production and operation are greatly affected by the factors such as local market structure and internal product structure adjustment.

In the announcement, Ruyi group believed that although the performance during the reporting period fluctuated, the company's financial position was stable. The total assets of the company were 4 billion 886 million 157 thousand and 200 yuan, up 1.88% from the beginning of the period, and the owners' equity and net assets per share attributable to the shareholders of the listed companies increased by over 2%.

It is understood that after the Italian Group's overseas takeover moves frequently, investment cash flow exceeds 40 billion, so the debt pressure that is not small is still in the state of "pushing debts" at the end of 2019.