Taipingniao’s net profit will increase by 28.89% in 2020

Beijing business daily (reporter Qian Yu, Zhang Junhua) on the evening of March 10, taipingniao released a performance report, saying that in 2020, the company will achieve an operating revenue of 9.057 billion yuan, a year-on-year increase of 14.24%; and achieve a net profit of 710 million yuan, a year-on-year increase of 28.89%.

For performance growth, taipingniao disclosed that the company continued to optimize the channel structure, actively expanded new social e-commerce channels while maintaining the rapid growth of traditional e-commerce, and achieved effective growth in retail revenue of direct sales, franchise and e-commerce channels in 2020.

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