In The First Quarter Of 2019, The Net Profit Fell 720 Million In The First Quarter Of 2019.

In April 26th, he released the first quarter report in 2019, operating income of 721 million 800 thousand yuan, an increase of 11.78% over the same period. The net profit attributable to shareholders of listed companies was 52 million 770 thousand yuan, down 12.54% from the same period last year.

For the change of performance, he said in the announcement that the liabilities were reduced by 91.08% from the beginning of the year, mainly due to the write off of the estimated liabilities at the end of the year, and the increase in taxes and surcharges compared with the same period last year. The increase was mainly due to the increase in the additional tax due to the increase in the value added tax on the women's clothing sector. The loss of asset impairment increased by 188.3% over the same period last year, mainly due to the decline in the new inventory of subsidiary companies and the increase in bad debts. The income tax expense increased by 72.25% over the same period last year. The main reason is that the L&P portion of the shares sold by the subsidiary was sold in the current period. The net cash flow generated by the business activities increased by 88.66% compared with the same period last year, mainly due to the increase in sales receipts. This is mainly due to the increase in the net income of the L&P.

As a women's clothing R & D and production enterprise, Langer has its brands such as Langer, Moz, Rhine, Marie, JIGOTT, liaalancy, FABIANA FILIPPI, DeWL, Agabang and so on.