Jinhong Fashion Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 28, 2021 at 02:08 pm
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Jinhong Fashion Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 3,339.906 million compared to CNY 2,913.022 million a year ago. Operating loss was CNY 625.311 million compared to operating Income of CNY 130.781 million a year ago. Net loss was CNY 623.748 million compared to net income of CNY 108.874 million a year ago. Basic loss per share from continuing operations was CNY 2.5 compared to basic earnings per share from continuing operations of CNY 0.43 a year ago. Diluted loss per share from continuing operations was CNY 2.5 compared to diluted earnings per share from continuing operations of CNY 0.42 a year ago.
Jinhong Fashion Group Co.,Ltd., formerly VGRASS Fashion Co. Ltd., is principally engaged in the design, manufacture and distribution of branded lady's apparels. Through the operation of proprietary shops, the Company mainly deals with fashion lady's apparels under the brand named VGRASS. The Company provides apparels, including dresses, pants, coats, shirts, skirts, cotton coats, down garments and windbreakers, among others; knitted products, including sweater series products, as well as accessories, including bags, jewelries and scarf , among others. The Company is also engaged in manufacture and sales of handicrafts under the brand named Yunjin. Its products include handicrafts, fabrics, apparel and others.
JINHONG FASHION GROUP CO.,LTD. 
