The Revenue And Net Profit Of Taipingniao In The First Three Quarters Achieved Double-Digit Growth

Recently, Ningbo Pacific bird Fashion Co., Ltd. (sh. 603877) released the third quarter financial report.

According to the financial report data, in the first three quarters of 2020, the revenue of taipingniao will reach 5.521 billion yuan, with a year-on-year growth of 10.35%; the net profit attributable to shareholders of listed companies will exceed 310 million yuan, with a year-on-year increase of 50.04%; in addition, the net profit attributable to shareholders of listed companies after deducting non recurring profit and loss is 214 million yuan, with a year-on-year increase of 151.1%.

From January to September 2020, the company continued to increase the proportion of e-commerce business and actively promoted new social retail channels such as small program and online live broadcast in combination with the macroeconomic situation and market changes under the epidemic situation. At the same time, the company focused on operation and focused on the improvement of store profitability and operation quality, resulting in the growth of online and offline Omni channel business. Among them, the online revenue increased by 29 77%。

Following the strong growth of non net profit deduction in the second quarter, taipingniao realized 158 million non net profit deduction in the third quarter (July September), with a year-on-year increase of 161%, maintaining a strong growth momentum.

By the end of the reporting period, the number of offline stores of the company was 4384. As one of the first batch of innovative retail operations, taipingniao is now striding forward to become a "technology fashion" company.

The digital transformation path of focusing on fashion, digital drive and online retail technology developed by the company has achieved initial results. Under this background, taipingniao continues to increase the digital transformation of science and technology, and plans to raise nearly 800 million yuan, focusing on building a platform including consumer insight and deep link (customer demand insight, live sharing projects, fashion wear and precision marketing projects, etc.) Supply chain operation efficiency improvement platform (precision research and development of commodities, intelligent upgrade of supply chain, intelligent allocation and replenishment of commodities), and basic support platform (information security, ERP upgrade, hybrid cloud project construction, etc.).