Reported Bird Net Profit Growth Of 99.92% In 2018, Revenue Exceeded 3 Billion Yuan

In April 27th, the good luck bird released its 2018 earnings report. The business income reached 3 billion 110 million yuan, an increase of 19.55% over the same period last year, and realized operating profit of 123 million yuan, an increase of 192.41% over the same period last year. Net profit attributable to shareholders of listed companies was 51 million 837 thousand and 500 yuan, an increase of 99.92% over the same period last year.

According to the results of the financial report, through the four major business modules of the Phoenix Bird International Headquarters, the Phoenix International Headquarters, the treasure bird headquarters and the investment management business, the good news birds have stabilized the management framework of "brand + platform" around the positioning of the high-end men's wear brands, and promoted the smooth implementation of the development strategy of "one main, one pair, one vertical and one horizontal" around the building of a profit model of high cost performance, high single store performance, high production rate, high turnover rate and high efficiency.

During the reporting period, there were 3 invention patents, 9 utility models, 8 authorized patents and 5 utility models patents.

Among them, the news birds realized the main business income of 2 billion 994 million yuan, up 21.59% over the same period last year. The main reason is that the birds have continued to increase market development and market maintenance. The brand outlets increased year by year and the franchisee buyout system (delivery confirmed revenue, and allowed a certain instance to return), the proportion of cooperation mode increased, and the brands such as the news birds, Haggis and Kay Mitchell increased sales revenue.

The cost of the main business of the wedding bird was 1 billion 121 million yuan, up 21.98% from the same period last year, mainly due to the increase in sales revenue. The R & D cost was 53 million 369 thousand and 400 yuan, up 46.74% from the previous year, mainly due to the increase in labor cost and material input caused by the strengthening of R & D, and the net cash flow generated by the operation was 348 million yuan, a decrease of 22.86% over the same period last year.