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The first annual report of Xiao Xiong Electric’s listing: Dividend 1.200000000

31/05/2020 0 Comment

The first annual report of Xiao Xiong Electric’s listing: Dividend 1.200000000
On the evening of April 28, Xiaoxiong Electric, a newly listed company of small home appliances, released its 2019 financial report, which is its first annual report after listing.Xiao Xiong Electric’s operating income in 2019 is 26.8.8 billion, an annual increase of 31.70%; net profit attributable to shareholders of listed companies.68 ppm, an annual increase of 44.57%; basic income 2.68 yuan, an annual increase of 30.11%.  Seen as “small and beautiful” by the outside world, small household electrical appliance companies have performed well since they were listed.At that time, the issue price was 34.25 yuan / share, opening price is 41 on the first day.10 yuan / share, as of the close of April 28, Xiao Xiong Electric reached 100 yuan, closing at 106.88 yuan / share, an increase of 4 that day.53%.  In 2019, among the small kitchen appliances of Xiong Electric, revenue from electric products is 5.7.3 billion, an annual increase of 46.29%, accounting for 21% of total revenue.31%; Revenue of pot products 5.6.3 billion, an annual increase of 28.20%, accounting for 20% of total revenue.94%; revenue from pot products 5.2.6 billion, an annual increase of 29.59%, accounting for 19 of total revenue.56%; electric heating products revenue 2.9.6 billion, an annual increase of 5.97%, accounting for 11 of total revenue.01%; Western-style electrical appliances revenue 2.$ 8.1 billion, an annual increase of 30.22%, accounting for 10% of total revenue.46%.In addition, small household appliances revenue 3.8.2 billion, an annual increase of 30.28%, accounting for 14.twenty one%.  The gross profit margin of the company’s products is relatively high. Among small kitchen appliances, the gross profit margin of electric appliances is 36.45%, an annual increase of 3.31%; the gross profit margin of pot products is 36.48%, an annual increase of 1.85%; gross profit margin of pot products is 36.34%, an annual increase of 2.03%; Electric heating gross profit margin 36.74%, an annual increase of 3.97%; gross margin of Western-style appliances is 27.66%, an annual increase of 1.94%.In addition, the gross profit margin of small household appliances is 30.78%, an annual increase of 1.78%.  Before the listing, the outside world believed that R & D capability of Xiao Xiong Electric was weak and prone to product risks.The financial report shows that at the end of 2019, the company has a total of 241 R & D technicians and has experience in redirecting small home appliance products. R & D continues to grow continuously, with R & D expenses of 7651.520,000 yuan, an increase of 61 per year.45%.Specifically, among the sales expenses in 2019, the brand promotion expenses were 53.26 million yuan, compared with 71.04 million yuan in the same period of the previous year; market promotion fees1.34 trillion, compared with 69.7 million in the same period last year.  Xiao Xiong Electric has also continuously enhanced its R & D capabilities and expanded its categories.On March 27 this year, Xiao Xiong Electric announced that it would set up a wholly-owned subsidiary, Guangdong Xiao Xiong Ying Tong Products Co., Ltd. for 10 million yuan; and set up a branch in Shenzhen to enhance its research and development capabilities.  The epidemic affects the global economy, and home appliance companies are also affected. In the first quarter of this year, the small home appliance industry showed potential resistance.On the same day, Xiao Xiong Electric reported its first quarter of 2020 with a revenue of 7.400,000 yuan, an increase of 17.32%; Net profit attributable to shareholders of listed companies1.3.0 billion, an annual increase of 83.66%.  Guosheng Securities believes that Xiao Xiong Appliances taps the needs of users and continues to develop new niche segments, etc., to achieve the expansion of new categories; cut in with the needs of specific consumer groups, gaining a share of some mainstream small household appliances categories, even the marketNo matter how high the category is, there is always a need to cover the crowd. This is the opportunity for the bear to cut into the big single product.  Faced with such performance, the financial report shows that the company will pay a cash dividend of 10 yuan (including tax) for every 10 shares to all shareholders in 2019, and a total of 1 cash dividend will be distributed.200 million yuan, with a profit balance of 2.9.8 billion yuan; at the same time, the capital reserve fund will be increased by 3 shares for every 10 shares.200 million shares increased to 1.5.6 billion shares.Reporter Chen Weicheng editor Sun Yong proofreading Chen Diyan

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