In The First Quarter, Wanlima Battalion Received 130 Million, Benefiting The Country'S Continuous Increase In Logistics Expenditure For The Military Police System.

Guangdong Wanlima industrial Limited by Share Ltd (hereinafter referred to as Wanlima) issued a quarterly report in 2019 on the evening of April 26th. During the reporting period, the company achieved operating income of 130 million yuan, an increase of 33.87% compared with the same period last year. Net profit attributable to shareholders of listed companies was -433.88 million, compared with -488.98 million in the same period last year, an increase of 11.27% over the same period last year.

As for the company's operating income and net profit growth during the reporting period, Wanlima explained that the main reason for the change in performance was the increase in group purchase orders during the reporting period and the acquisition of super Qi electricity supplier in March last year, which greatly affected business revenue and net profit.

Wanlima said that during the reporting period, the sales volume of group buying increased year by year. In the 2016, 2017, 2018 and the first quarter of 2019, the amount of sales to group buying customers was 433 million yuan, 434 million yuan, 507 million yuan and 96 million 338 thousand and 600 yuan respectively, accounting for 72.22%, 72.36%, 73.61% and 74.07% of the main business income respectively. With the improvement of China's comprehensive strength, the state's logistic expenditure on the armed forces and armed police system will increase, which will effectively stimulate the further expansion of the group buying business.

In the future, the company will steadily expand its business scale, actively expand its business scale, enhance its own strength, actively strive for qualifications, improve production capacity, improve product quality, and continuously enhance its overall competitiveness to continuously expand the scope of group buying customers.

This evening, Wanlima also said that in order to better expand the company's cross-border e-commerce business, improve operational efficiency and enhance its competitive edge, the company intends to make capital contributions to its wholly owned subsidiary, Hongkong BHP Co., Ltd. (hereinafter referred to as "Hongkong Bi he"), with a capital increase of 5 million Hong Kong dollars.

After the completion of the capital increase, Hongkong is still a wholly-owned subsidiary of the company.

Hongkong will be a wholly-owned subsidiary of Wanlima. Its main business is wholesale, retail and trade. Wanlima will import raw materials, receive foreign trade orders from ODM, and deliver goods through Hongkong.

Wanlima said that the investment was mainly aimed at better cooperation with foreign well-known brands and cross-border electricity providers, expanding business scope, giving full play to existing resources advantages and improving the efficiency of fund utilization, in line with the company's future strategic development plan and business development needs.

In addition, increasing capital will help to further enhance the overall strength of Hongkong's BHP and further utilize Hongkong's advantages in geographically, resources, talents, finance and industrial policies to strengthen the company's international market layout. Hongkong's capital increase will help to strengthen exchanges and cooperation between the company and the international brand and market as a window for the company to connect and invest in the international market.

Public information shows that Wanlima's main business is the R & D, production, brand operation and marketing of leather products. The main products of the company are leather products, which are divided into 3 brands, namely, Wanlima, SaintJack and COOME. The products mainly include handbags, wallets, pull rod boxes, leather shoes and belts. At the same time, they are equipped with various fashionable accessories, such as glasses, scarves, Keychains, etc.

According to the financial report, in 2018, Wanlima realized operating income of 693 million yuan, an increase of 14.77% over the same period last year, operating profit of 51 million 504 thousand and 500 yuan, an increase of 6.92% over the same period last year, a total profit of 51 million 523 thousand and 800 yuan, an increase of 5.29% over the same period last year, and net profit attributable to shareholders of listed companies was 37 million 797 thousand and 200 yuan, an increase of 1.25% over last year.