Jiaxin Silk (002404): Net Profit Loss In The First Quarter Is 8 Million Yuan To 10 Million Yuan

Jiaxin silk (002404. SZ) released the first quarter performance forecast of 2021. During the performance forecast period, the net profit loss attributable to the shareholders of the listed company was RMB 8 million-10 million, and the basic earnings per share was RMB 0.014/share-0.018 yuan / share.

During the reporting period, the company's own brand "jinshanta" strengthened its marketing promotion, further optimized its sales channels, and continuously improved its profitability; its silk supply chain service business continued to innovate and extend, and its business scale and operating efficiency increased significantly; its export business continued to recover its growth momentum, and its profitability was further improved; In the first quarter, the net profit attributable to shareholders of listed companies after deducting non recurring profit and loss increased by more than 60% year on year.

However, since the company's financial investment project Lante optics was listed in the IPO last year, its share price fell sharply during the reporting period, resulting in a loss of about 61 million yuan due to changes in fair value, which greatly affected and reduced the net profit. This event is a non recurring profit and loss, which is the main reason for the loss of the first quarter statement.