Pleasant Textile (871957) 2 Million 1 Thousand Net Profit In:2019

Duer net news April 17th, Yi Ren textile (871957) recently released 2019 annual report shows that 2019 business income of 286055126.81 yuan, a 5.04% decline over the same period last year; net profit attributable to listed company shareholders is 2000983.32 yuan, a loss of earnings over the same period last year; basic earnings per share of 0.01 yuan, a year earlier, -0.01 yuan.

It is understood that the operating income of the company during the reporting period was 286055126.81 yuan, a decrease of 15174350.51 yuan compared with the same period last year, a decrease of 5.04%, mainly in this year, 34 thousand spindles of intelligent spinning technology transformation, the original weaving workshop moved out of the original factory building (11600m2) for the intelligent spinning workshop. The new weaving workshop moved to the southeast side of the existing factory area, and 108 old looms were eliminated, and 100 more advanced air-jet looms were retained, resulting in a significant decrease in the output of weaving fabrics this year and a decrease of 38076953.02 yuan in cloth income.

Net profit was 2000983.32 yuan, an increase of 3614006.41 yuan over the same period last year, an increase of 224.05%, mainly in the sales of environment-friendly bamboo fiber layer polyester cotton blended yarn, AB strong twist yarn, moth proofing crease resistant composite fabric, multi component yarn, single dyed yarn, bleached yarn and other products. The unit price has been raised, resulting in increased gross profit margin and increased profits.

The net cash flow generated by the company's current business activities was 37209310.37 yuan, up from 415653.01 yuan in the same period last year, an increase of 37209. 310.37 yuan, the main reason is the technical transformation of the 34 thousand spindles in the current year. The original weaving workshop was moved away from the original factory building (11600m2) for the intelligent spinning workshop, resulting in the production of the spinning workshop stopped, the purchase of raw materials reduced, the staff reduced and other operating expenses reduced, and the amount of cash inflow from operating activities was much less than that of cash flow from operating activities. The net amount of cash flow generated by business activities increased substantially: the main performance: (1) total cash flow from operating activities decreased by 13276559.98 yuan, of which cash received from goods sold and services received was reduced by 8221239.32 yuan, and the total amount of cash received and returned by other business related activities decreased by 5055. 320.66 yuan; (2) total cash outflow from operating activities decreased by 50485870.35 yuan, of which cash payments for purchases of goods and services were reduced by 39570915.08 yuan, payments for employees and cash payments for employees were reduced by 4699784.93 yuan, taxes and fees paid were reduced by 3246896.24 yuan, and cash payments for other business related activities were reduced by 2968274.10 yuan.

According to the data of the Research Institute of duer new three board, pleasant textile is mainly engaged in the production and sale of yarn and cloth.