Changshan North Ming (000158): The First Quarter Loss Is Expected To Expand More Than 5 Times Over The Same Period.

In April, A shares ushered in the window period of the quarterly announcement of Listed Companies in 2020. In April 15th, Toshiyama Kitaaki released a quarterly earnings forecast. The net profit attributable to shareholders of Listed Companies in 1-3 months was 90 million yuan -10000 million yuan, a loss of 14 million 640 thousand yuan in the same period last year, an increase of 514.75%-583.06% over the same period last year.

Changshan North Ming said that the main reason for the increase in net profit in the first quarter of 2020 was that the textile business sector was affected by the outbreak of pneumonia caused by the new coronavirus, and the recovery time of the upstream and downstream units of the company and the industry chain was generally delayed. Logistics was blocked, personnel flow was limited, the domestic market of textile industry was low, and the epidemic spread rapidly, and the export of products was also seriously affected. 。 During the reporting period, the commencement of the reporting period was much lower than that of the same period last year. The production and sales volume dropped significantly, and the operating income declined. Meanwhile, the expenses of staff salaries, depreciation, amortization, interest and so on continued to be paid, resulting in a loss of performance. Due to the outbreak of pneumonia, the loss of the company's textile sector was 26 million 26 thousand and 900 yuan. The non recurring gains and losses had a negative impact on the company's first quarter operating results.

"On the other hand, affected by the epidemic, the government and its clients postponed the resumption of production and resumed production, slowed down the pace of purchase, postponed the company's existing business opportunities, delayed the implementation of the order and acceptance, and continued to increase R & D investment. The R & D expenses increased significantly over the same period last year, resulting in a year-on-year decrease in revenues and profits." Changshan North Ming pointed out in the announcement.

It is worth mentioning that during the epidemic period, Changshan North Ming software business sector free open mobile micro court, online trial, Internet arbitration, North Ming micro approval platform and other online platform services, and actively participate in the development of the new type of pneumonia epidemic prevention and control software, the introduction of Longjiang health code, Hebei health code, Sui Kang code (Guangzhou), Jiangxia health Code, Taizhou health code, and many other urban epidemic prevention services. At the same time, cloud reemployment is adopted to maintain overall business stability.

In addition, Toshiyama Kitaaki said that at present, the company has fully resumed work. Following the premise of good epidemic prevention and control, we will actively take various measures to ensure the orderly development of business activities and minimize the impact of the epidemic on the production and operation of the company.