Xinhua Jin (600735):2018 Deduction Of Non Net Profit Increased 2.51% To 72 Million 14 Thousand And 800 Yuan To Be 10 Yuan Faction 0.61 Yuan

Gon lung Hui, 600735.SH, announced its 2018 annual performance in March 29th. The company achieved a revenue of 1 billion 365 million yuan, an increase of 0.63% over the same period last year. The net profit attributable to shareholders of listed companies was 76 million 443 thousand yuan, an increase of 3.55% over the same period last year. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 72 million 14 thousand and 800 yuan, an increase of 2.51% over the same period.

The company mainly produces and sells hair products. Its main products include men's hair pieces, women's wear wig, hair receiving, teaching wig, human clockwork, wig accessories and so on. The main export areas are North America, Europe and Japan.

The company's products export uses the business mode of selling products and has a complete industrial chain from R & D, design to purchase, fine production and sale.

Foreign sales, the company has three overseas products subsidiaries (OR America, NI America, NI Canada), the mode of operation is from China and other Asian countries to buy finished wig products, wholesale and sale in the United States and other countries or regions in the world.

The three overseas hair products subsidiaries are engaged in the research, development and wholesale of hair products. They are in the middle and lower reaches of the hair products industry chain. The main products are men's hair blocks, middle and high-end women's wear, hair receiving and sending, wig accessories and so on.

In terms of domestic sales, the domestic subsidiaries, silk Ao Shanghai and Qingdao Jinxin, are mainly engaged in the demand of advanced customization and fashion customization. In view of the high-end customers of high-end products, they are mainly made up of high-end custom hair sets, mainly through cooperation with domestic high-end hair salon, hairdressing school, TV shopping, affiliate marketing and other channels to sell wig products.

In terms of brand, the company has two core brands of OnRite and NewImage overseas. Among them, OnRite has become the brand orientation of the male hair industry. Gemtress, Ultratress and TressAllure are OR's own brands for different consumer groups and different regional markets.