Toy brand Xintaiyang's revenue of 59.12 million in the first half of the year turned losses into profits
The 2016 semi-annual report recently released by Xintaiyang showed that during the reporting period, it achieved revenue of RMB 59,117,500, a year-on-year increase of 12.95%; the net profit attributable to shareholders of the listed company was RMB 225,700, which was -107.58 over the same period of the previous year. Ten thousand yuan, from loss to profit; basic earnings per share is 0 yuan, -0.02 yuan in the same period last year.
As of June 30, 2016, Xintaiyang’s assets totaled 66,566,400 yuan, down 11.39% from the beginning of the period; the asset-liability ratio was 36.58%, compared with the current period. At the beginning of the period, it was 42.49%, down 5.91 percentage points. The net cash flow from operating activities for the current period was RMB 5,709,600, compared with RMB -20.47 million in the same period last year.
During the reporting period, Xintaiyang achieved a net profit of 225,700 yuan, compared with -1.0758 million yuan in the same period of the previous year. From loss to profit, the increase in Xintaiyang’s operating results was mainly due to the increase in operating income and the increase in operating income. Mainly because of the depreciation of the renminbi, the export industry market turned for the better and sales volume increased compared with the previous period. Export business settled in US dollars will increase in RMB, which will increase net profit.
In the first half of 2016, Xintaiyang’s net cash flow from operating activities was 5,709,600 yuan, compared with 20,471,700 yuan in the same period of the previous year. The increase in net cash flow from operating activities was mainly due to sales of goods. This is due to the increase in cash received from labor services and the decrease in other cash payments related to operating activities.
According to the data of the New Third Board Research Institute of Wubei, Xintaiyang is a toy brand operator positioned in the toy manufacturing industry, mainly engaged in the promotion and sales of independent toy brands. Xintaiyang owns a series of toy brands with independent intellectual property rights such as 'Xintaiyang.