ABC KIDS Parent Company'S Initial Share Net Profit Decreased By 18.76% In 2019.

In the evening of March 12th, Limited by Share Ltd started its 2019 annual performance bulletin, which showed that the company's operating income increased by 7.41% over the reporting period, and net profit fell 18.76% compared with the same period last year.

During the reporting period as of December 31, 2019, the initial share business revenue reached 1 billion 502 million yuan, up 7.41% over the same period last year, operating profit of 171 million yuan, a decrease of 11.90% over the same period last year. The total profit was 186 million yuan, down 16.27% compared to the same period last year. The net profit attributable to shareholders of listed companies was 147 million yuan, down 18.76% from the same period last year.

Source: company earnings screenshot

For the factors that affect the business performance, initial shares indicate that the industry in the reporting period is basically stable, and the company has continuously improved its business strategy. With the growth of business scale, the cost has increased, resulting in a decline in the overall profit level of the company.

According to public information, the Limited by Share Ltd is a well-known brand operator specializing in the design, development, production and sale of children's shoes, children's wear and children's clothing accessories. ABC KIDS is its children's clothing brand.

In 2019, the number of distributors in the ABC KIDS2019 started a slight increase compared with the same period last year. The upgrading of the terminal store image, the optimization of product structure, the promotion of store efficiency, and the steady expansion of the outlets under the direct line, the company will continue to invest more resources in the future to promote the growth of revenue.

In addition, starting shares deepen the cooperation with ALI cloud digital channels, create smart experience stores and flexible factories, improve supply chain management capabilities, and with the help of Alibaba foot shape scanners and other tools, to achieve a new retail mode of children's shoes customization.