Blum Oriental'S Net Profit In The First Half Of 2020 Is 136 Million, Down 39.31%

Blum Oriental (601339) recently released its semi annual report for 2020. In the first half of 2020, the company's operating revenue was 2631461290.34 yuan, a year-on-year decrease of 8.14%; the net profit attributable to shareholders of listed companies was 136253776.46 yuan, a year-on-year decrease of 39.31%.

At the end of the reporting period, the total assets of the company were 14265708524.60 yuan, down 0.34% compared with the end of the previous year; the net assets attributable to shareholders of the listed company were 8054798190.20 yuan, an increase of 1.02% compared with the end of last year.

It is understood that the outbreak of the new epidemic in early 2020 will seriously inhibit domestic consumption demand, affect consumer confidence and further change people's subsequent consumption habits; At the same time, with the continuous spread of Xinguan epidemic in the world, the retail stores of overseas clothing brands were closed on a large scale, and even some brands went bankrupt. As a result, the global textile market demand decreased significantly. As a result, the company's operating revenue was 2.631 billion yuan, a decrease of 8.14% compared with the same period of last year, and the net profit was 136 million yuan, a decrease of 39.31% compared with the same period of last year.

The main business of Blum Oriental is R & D, production and sales of colored yarn.