Hailan House Releases Its Financial Report For The Half Year Of 2020

On August 19, Hailan home Clothing Co., Ltd. released the semi annual financial report of 2020. According to the report, in the first half of 2020, the operating revenue of Hailan home was 8.102 billion yuan, a decrease of 24.43% compared with the same period of last year, and the net profit attributable to shareholders of listed companies was 947 million yuan, a decrease of 55.42% compared with the same period of last year.

Due to the new crown pneumonia epidemic and the complex and changeable domestic and foreign environment, the clothing industry was severely damaged in the first half of the year, and the operating income and profit of Hailan home in the first quarter were significantly affected. With the effective promotion of epidemic prevention and control, market demand is gradually warming. Hailan home continues to take its own brand as the core. Through a series of positive measures, such as creating hard core products, accumulating brand volume, innovating marketing mode, and stabilizing cash flow, Hailan home has consolidated the existing and accumulated momentum, realized the rapid recovery in the second quarter, and laid a good foundation for the development in the second half of the year.