Yiyatong’s net profit in the first quarter of 2021 increased more than 3 times year on year

On the evening of April 14, Shenzhen yiyatong supply chain Co., Ltd. (hereinafter referred to as “yiyatong”) released the performance forecast for the first quarter of 2021. According to the report, in the first quarter of 2021, the net profit attributable to the shareholders of the listed company was RMB 100 million to RMB 110 million, with a year-on-year increase of 329.80% – 372.78%, and the basic earnings per share was 0.05 yuan / share, with a year-on-year increase of 0.01 yuan / share.

As for the reasons for the performance growth, Yatong said in the report that on the one hand, the company’s operating revenue increased, while vigorously promoting business restructuring, brand operation and marketing business accounted for an increasing proportion, while taking positive measures to optimize the financing structure and effectively reduce financing costs. On the other hand, the company increased its profits in the reporting period last year by closing, suspending and transferring companies with poor profitability.

In addition, a reporter from Beijing business daily learned that yiyatong disclosed its 2020 annual report yesterday evening. Annual report data show that in 2020, the company achieved total revenue of 68 billion 256 million yuan, down 5.23% from the same period last year, and its net profit attributable to the parent company was 123 million yuan, up 36.94% over the same period last year. Baijiu brand realized 870 million yuan in revenue, an increase of 129.73% over the same period last year, and the sales volume of Baijiu and marketing reached 5 billion 501 million yuan, down 23.03% from the same period last year.

It is worth noting that in the annual report, Yi Ya Tong pointed out that the brand operation of the company in 2020 focused on the field of Maotai flavor baijiu. At this spring’s sugar conference, Yan quping, vice president of the wine industry of the Asia Pacific Group, has said that the rise of sauce wine will be the last stop for the upgrading of Chinese Baijiu quality.

Beijing Business News (reporter Zhao Dan)

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