Performance Bulletin: Kimlet Lost 87.8846 Million In The Whole Year Last Year

- Feb 23, 2019-

On February 20, Jinlaite issued a performance report, which showed that the company's business income was 832 million yuan from January to December 2018, down 15.72% from the same period last year, and the average growth rate of business income in the white household appliances industry was 16.26%. The net profit attributed to shareholders of listed companies was 87.8846 million yuan, down 124.17% from the same period last year, and the average growth rate of net profit in the white household appliances industry was 333.00%.


During the reporting period, the company realized business income of 831,537,233.22 yuan, down 15.72% from the same period last year; business profit of - 87,664,714.95 yuan, down 1323.64% from the same period last year; net profit of owners of listed companies - 87,884,580.42 yuan, down 1246.17% from the same period last year; net profit of shareholders of listed companies, except recurrent profits - 87,395,321.55%. It was 2285.04% lower than the same period last year, and its basic earnings per share was - 0.4602 yuan per share, which was 1219.71% lower than the same period last year. The main business data changes are as follows:


1) The main reasons for the decline in business income are the impact of Sino-US trade frictions during the reporting period, the fluctuation of the US dollar exchange rate is relatively large, the reduction of orders from overseas customers and the decrease of RMB income from the exchange of US dollar income.


2) The main reasons for the decrease of operating profit are as follows:


Investment losses caused by purchasing foreign exchange products and floating losses caused by unexpired foreign exchange products; loss of bad debts incurred by Jinxin micro-credit of participating companies; and decrease of operating income and gross profit of products during the reporting period.