Changshan North Ming (000158):2019 Net Profit Decreased 45.64% To 101 Million Yuan.

Ge Long Hui April 24th Changshan North Ming (000158.SZ) to disclose the 2019 annual report, operating income of 9 billion 447 million yuan, down 2.17% compared with the same period last year. Net profit attributable to shareholders of listed companies was 101 million yuan, down 45.64% compared with the same period last year; net loss attributable to shareholders of listed companies after deducting non recurring loss was 273 million yuan, a loss of 138 million yuan in the same period last year, and the basic earnings per share were 0.06 yuan.

During the reporting period, world economic growth continued to slow down, and global turbulence sources and risk points increased significantly. Our country is at a critical stage of transforming development mode, optimizing economic structure and changing growth momentum. Structural, institutional and cyclical issues are intertwined. "The three phase superposition" will continue to deepen, and economic downward pressure will increase; the company will actively respond to the complex and changeable market environment. It has achieved good results in textile and software two main business operation, project promotion and capital guarantee. The ODR platform is mainly in the advancing stage, and has not yet produced scale benefits. Meanwhile, the R & D investment of the software sector has been increasing continuously, the R & D expenses have increased significantly over the previous year, and the share transfer payments which do not need to be paid have decreased compared with the previous year, resulting in a decrease in off business revenue than in the previous year. Meanwhile, the continued escalation of trade frictions in 2019 reduced the profitability of the textile industry. The loss is higher than the same period. The cotton five fire compensation, which is instead of the compensatory obligor, is included in the non operating expenses and the non recurring loss of Xinjiang Heng Hong project.