Jinlilai Financial Report: Clothing And Apparel Fell Sharply In The First Half Of The Year, Net Profit Decreased By 65.84%

On the evening of August 13, JinLiLai Group Co., Ltd. (hereinafter referred to as: Jinlilai) disclosed its performance in the first half of 2020. During the reporting period, the turnover achieved HK $539 million, a decrease of 27.58% compared with the same period of last year. The profit attributable to shareholders in the period was HK $55.792 million, a decrease of 65.84% compared with the same period of last year, and the basic earnings per share was HK $5.68.

Jin Lilai said that since the outbreak of the new coronavirus in early 2020, the epidemic has brought a heavy impact on the clothing retail industry, and the group's business has also been seriously affected. The decline in sales volume of clothing and clothing business was lower than that in the same period of last year, while the decline in sales of clothing and clothing business was lower than that in the same period of last year.