Hui Jie Shares Increased By 9.34% In 2019 Net Profit.

In the evening of February 26th, the Limited by Share Ltd of Shenzhen Hui Jie group released its 2019 annual performance bulletin, operating income and net profit increased.

The report shows that as of December 31, 2019, the total revenue of Hui Jie shares reached 2 billion 585 million yuan, up 9.79% over the same period last year, and realized operating profit of 275 million yuan, an increase of 0.58% over the same period last year. The total profit realized was 277 million yuan, up 0.93% over the same period last year. The net profit attributable to shareholders of listed companies was 181 million yuan, up 9.34% over the same period last year.

Hui Jie shares said that in 2019, the group focused on innovative products, continued to enhance brand value, optimized the layout of the channel, and promoted direct business, e-commerce and distribution channels to achieve business revenue growth.

At the same time, Hui Jie shares issued a notice on the provision for impairment of assets in 2019, which indicated that after the company and its subsidiaries had assets that might show impairment in the end of 2019, including inventory, receivables, goodwill, etc., after a comprehensive inventory and asset impairment test, it was proposed to prepare 67 million 610 thousand yuan for impairment of assets in 2019.

Hui Jie shares pointed out that the provision for impairment of assets will reduce the net profit attributable to parent company owners by 48 million 670 thousand yuan in 2019, and the corresponding reduction will be attributable to 48 million 670 thousand yuan of owners' equity in 2019.