The Profit of Saixiang in Last Year Sharply Increased by 37.89%

On February 28, Saixiang Technology published its 2019 performance report, its total operating income in 2019 was 531 Million Yuan, which increased by 16.92% compared with that in last year; the net profit attributable to the shareholders of the listed companies was 10.2167 Million Yuan, which increased by 37.89% compared with that in last year.

Affected by poor operating performance of its controlled subsidiaries, in 2019, the operating profit of Saixiang was 10.8661 Million Yuan, with a year-on-year decrease of 5.32%; the total profit was 11.1571 Million Yuan, with a year-on-year decrease of 20.80%; and the total assets were 1.599 Billion Yuan, with a year-on-year increase of 5.05%.

In 2019, affected by the adverse factors such as continued depression of domestic economic environment, constant upgrading of Sino-US trade friction and limited market stock orders, the company timely adjusted its industrial layout and sales strategy and constantly improved its competitiveness, its order quantity was increased compared with that in last year, and its operation basically turned better on the whole.