Seven Wolves Lost 42 Million 50 Thousand Yuan In The First Quarter Of 2020, Consumer Terminal Stagnation

On April 27th, 4.91-3.16% reported that the first quarter report in 2020 was released. The announcement shows that the operating income of the reporting period was 666354256.29 yuan, a decrease of 29.70% compared with the same period last year. The net profit attributable to shareholders of listed companies was -42052580.65 yuan, which was 91645888.52 yuan in the same period last year. The basic earnings per share were -0.06 yuan, which was 0.12 yuan in the same period last year.

It is understood that the business income of the current reporting period was 666354256.29 yuan, a decrease of 29.70% compared with the same period last year. The main reason is that the reporting period is affected by the epidemic situation, and strict epidemic prevention and control measures are implemented throughout the country. Shops and shopping centres and other places are generally postponed. The consumption terminal stagnation, and the company's upstream and downstream industry chain enterprises' reemployment delay, resulting in a substantial reduction in the company's operating income.

The net cash flow generated by our business activities during the reporting period was -6112003.74 yuan, mainly due to the sharp decrease in the operating income of the company during the reporting period, and the cash received from the sale of commodities also decreased significantly. The net cash flow generated by business activities decreased substantially compared with the same period last year.

Statistics show that the seven wolves are mainly engaged in the design, production and sale of "seven wolves" brand men's clothing and needle spinning products. The main products include shirts, Western-style clothes, trousers, jackets, knitwear and men's underwear, underwear, socks and other knitted products.