Phoenix Bamboo Textile (600493):2019 Net Profit 25 Million 953 Thousand And 600 Decreased By 15.19%

Phoenix Bamboo Textile (600493) recently released its annual report in 2019. In 2019, the company's operating income was 1023581621.88 yuan, an increase of 1.87% over the same period last year. The net profit attributable to shareholders of listed companies was 25953606.96 yuan, a decrease of 15.19% over the same period last year. The basic earnings per share were 0.0954 yuan, and 0.1125 yuan a year earlier.

As of December 31, 2019, the net assets of Phoenix Bamboo textile belonging to shareholders of listed companies were 742957347.85 yuan, an increase of 3.32% over the previous year, and net cash flow from operating activities was 14303808.92 yuan, compared with 31048472.04 yuan in the same period last year.

It is understood that during the reporting period, the company is still taking intelligent environmental protection, energy saving and emission reduction as the direction of scientific and technological innovation, actively promoting the technological transformation of the old factory and upgrading the industry, while persisting in strengthening the system, refining the production and controlling costs strictly, so as to achieve the goal of achieving business performance smoothly.

During the reporting period, the company consolidated business income of 1 billion 23 million 581 thousand and 600 yuan, an increase of 1.87% over the same period, and a slight increase in revenue. The company realized operating profit of RMB 39 million 682 thousand and 100 yuan, a decrease of 9.75% compared with 43 million 968 thousand and 300 yuan in the same period last year, mainly due to the increase in the cost of the export and expenses of the parent company and the financial expenses. Two, the operating profit of Jiangxi subsidiary was reduced compared with the same period.

The company achieved a net profit of 25 million 953 thousand and 600 yuan, a decrease of 15.19% compared with the same period last year, mainly due to a decrease in operating profit. As of December 31, 2019, the company's total assets amounted to 1 billion 688 million 374 thousand and 400 yuan, an increase of 22.98% over the beginning of the year. The increase in total assets was mainly related to the construction of Anton new plant. The company's net assets amounted to 742 million 957 thousand and 300 yuan, an increase of 3.32% over the beginning of the year. The increase in net assets is mainly due to the increase in net profit and the impact of dividends.

Statistics show that Feng Zhu textile is located in the middle reaches of the textile industry. Its main business is the production, processing of knitted, woven dyed fabrics, bleaching and dyeing, spinning, dyeing and printing, selling self-produced products, engaging in environmental protection facilities, and engaging in import and export business of goods or technologies.