Seven Wolf Forecast Net Profit Report Of The First Three Quarters

Men's wear brand seven wolf recently released a performance forecast for the first three quarters of 2020. Data shows that from January 1, 2020 to September 30, 2020, the net profit attributable to shareholders of listed companies was 52 million yuan – 65 million yuan, down 67.18% - 73.74% compared with the same period of last year, of which the third quarter profit was 27.7579 million yuan – 40.7579 million yuan.

As for the reasons for the performance change, seven wolf said that it was mainly due to the impact of the new crown epidemic, market demand was weak, terminal sales were greatly affected, and the company's sales revenue declined. In this environment, the company increases the further penetration and marketing of the market, and the overall discount increases, resulting in the decrease of gross profit margin of product sales and the decrease of net profit attributable to shareholders of listed companies.

Previously, seven wolf once published the half year report of 2020. In the first half of the year, the revenue was 1.354 billion yuan, a year-on-year decrease of 12.93%; the net profit was 24.421 million yuan, a year-on-year decrease of 80.36%; among them, as the main sales products, suits and outerwear products were greatly affected, and the revenue showed a double-digit decline.