Sanfo Outdoor Q1 Net Profit Fell 32.64%, Four Of Its Subsidiary Losses Were Asked

In April 26th, Sanfo outdoor (Stock Code: 002780) released the first quarter 2019 earnings report, Sanfo outdoor revenue fell 18.72% to 80 million 120 thousand yuan, net profit attributable to a decline of 32.64% to 1 million 33 thousand yuan.

Among them, the end balance of accounts receivable and accounts receivable decreased by 50.74% compared with the beginning of the period, mainly due to the increase in receivables during the reporting period and the decrease in accounts receivable.

The end balance of long-term equity investment decreased by 70.24% compared with the beginning of the period, mainly due to the increase in capital and control in Shanghai during the reporting period.

The final balance of fixed assets increased by 44.35% compared with the beginning of the period. It was mainly due to the increase in capital and control in Shanghai during the reporting period. The fixed assets of Shanghai learned music were included in the consolidated statements.

Financial expenses decreased by 93% over the same period last year, mainly due to the purchase of structured deposits during the reporting period, resulting in an increase in interest income.

It is reported that for Sanfo outdoor Wuhan Sanfo outdoor products Co., Ltd., Daqing Sanfo outdoor products Co., Ltd., Beijing Sanfo sporting goods Co., Ltd., Ningbo Song Shi Sanfo Cci Capital Ltd four subsidiaries are all losses, in April 10th, Sanfo outdoor has issued a notice to reply to the Shenzhen Stock Exchange's inquiry.

It is time to test how Sanfo will explore new profit growth points in the future.