Fu Shi Shares In 2018 Revenue Of 5 Billion 171 Million Yuan, Export Accounted For 60.74%

VR shares released 218 years of earnings report, data show that VSI shares total revenue of 5 billion 171 million yuan, an increase of 7.24% over the same period, the net profit attributable to shareholders of listed companies 435 million yuan, an increase of 5.99% over the same period last year.

List of key financial data:

1) in 218 years, the export volume of Fu Ye shares reached US $473 million, up 1.37% over the same period last year.

2) sub industry, home textile industry revenue 4 billion 123 million yuan, accounting for 79.74% of the main revenue, revenue grew 6.14% over the same period last year.

3) sub products, towel series revenue of 3 billion 444 million yuan, business accounted for 66.6%, an increase of 1.47% over the same period.

4) 218 of R & D invested 122 million yuan in research and development, an increase of 2.5% over the same period last year.

Fu Shi shares mainly focus on the R & D, production, supply, marketing channel construction and brand promotion of towel series products, bedding and decorative fabric products, and is engaged in the production and sale of modern high-grade home textiles manufacturers of high-grade towel blanket products, bedding and decorative cloth products.

It was listed in Shenzhen Stock Exchange in November 26.

The main markets of Japan are in Japan, the United States and Europe.

From the point of view of revenue channels, the shares of export-oriented business accounted for a relatively large proportion, and 3 billion 141 million yuan in 218 years, accounting for 6.74% of revenue.

Though affected by trade wars, the market of Korea, Southeast Asia and Australia maintained more than 2% growth in the 3% days.

Because of the cost of export, the gross profit of shares of Fu sun is lower than that of other home textile enterprises (average gross profit margin: 41.7%), and this year there has been a slight decline.

Compared with other home textile brands, the shares of Fu sun share less in advertising, and 218 yuan in advertising and publicity costs of 5 million 286 thousand and 700 yuan.

In the earnings report, the 219 year is a year to promote the new strategy and achieve a new breakthrough. In order to consolidate the market position and the strategic layout of globalization, Fu Tian shares put forward: 1) promote brand building and expand the global market; 2) focus on promoting the automatic intelligent production projects of high-grade towel blanket products and the construction progress of recycled water reuse projects; 3) promote lean production and precise management in the whole process of production and operation; 4) give full play to the global market advantages of the company, strengthen the integration of all kinds of innovation elements, increase innovation efforts, and promote the upgrading of technology, products and management.

Successive VSI shares also released the first quarterly report in 219 years. The report showed that revenue was 1 billion 243 million yuan, down 4.86% compared with the same period last year, and the net profit attributable to shareholders of listed companies was 135 million yuan, up 54.85% over the same period last year.