Performance soars! Jiazhilian's parent company's half-year net profit is expected to increase by 131.58%

Performance in the first half of the year increased in the same direction

On July 14, 2021, Xunxing Co., Ltd. ( Fujian Xunxing Zipper Technology Co., Ltd. ) released its 2021 semi -annual performance forecast . During the period from January 1, 2021 to June 30, 2021, its performance is expected to rise in the same direction.  

In the report, the net profit attributable to shareholders of the listed company is expected to be between 70 million and 85 million yuan , an increase of 90.71% to 131.58% compared with 36.7049 million yuan in the same period last year .

Net profit after deducting non-recurring gains and losses is expected to be 65 million to 80 million yuan, an increase of 92.34% to 136.72% compared with 33.795 million yuan in the same period last year . In addition, basic earnings per share are 0.1955 yuan to 0.2374 yuan.

Among them, the report's forecast of a 30 % year-on- year increase in operating income in the first half of this year attracted a lot of attention!

Return after two years of failure

After achieving revenue of 2.27249 billion yuan in 2018, Xunxing Co., Ltd. suffered losses for the first time due to the performance of its holding subsidiary Shenzhen Jiazhilian Cross-border E-commerce Co., Ltd. and the impact of the epidemic. In the following two years, operating income continued to decline.

According to the annual reports of Xunxing Co., Ltd. in the past two years, the company's revenue in 2019 was 1.919 billion yuan, a year-on-year decrease of 15.55%. Last year's revenue was 1.59 billion yuan, a year-on-year decrease of 17.2%, and the decline was further expanded compared with the same period of the previous year .

Although Xunxing 's business includes two major sectors : zipper business and cross-border e-commerce export business , the annual reports of the past two years show that the company's operating profit mainly comes from the zipper business , while the cross-border e-commerce business continues to lose money due to the impact of the performance of its subsidiary Jiazhilian.

In 2019, Jiazhilian achieved sales revenue of 474 million yuan, a year-on-year decrease of 38.88%; net profit loss was 58.582 million yuan. In 2020, Jiazhilian achieved sales revenue of 375 million yuan, a year-on-year decrease of nearly 21%, and net profit loss of 24.3994 million yuan. In other words, as the parent company of the cross-border big seller Jiazhilian, Xunxing Co., Ltd. has failed in the profitable track of cross-border e-commerce for two years .

Looking back at Xunxing Co., Ltd.'s semi-annual performance forecast, this performance forecast also implies that Xunxing Co., Ltd. has the confidence and prospect to embark on a new journey after the feud with Jiazhilian has come to an end!

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