Industry Stock Market: Focus On Jiumuwang Co., Ltd.'S Release Of Financial Report For The Half Of 2024

On August 29, the domestic men's clothing listed company Jiumuwang Co., Ltd. released its semi annual report for 2024. The report shows that from January to June 2024, the company's operating revenue increased by 12.50% compared with the same period in 2023, the net profit attributable to shareholders of the listed company decreased by 42.4045 million yuan or 45.88% compared with the same period in 2023, and the net cash flow from operating activities decreased by 189 million yuan or 79.27% compared with the same period in 2023.

As for the decline of * * *, the report shows that, first of all, in the main clothing business, the net profit attributable to shareholders of the listed company after deducting non recurring profits and losses decreased by 10.07 million yuan compared with the same period in 2023, a year-on-year decrease of 7.28%, mainly because during the reporting period, the company strengthened communication with mainstream consumer groups, cooperated with the "five pants" matrix, Five star spokesmen were signed, and brand promotion was increased. Advertising and business promotion expenses increased by 40.35 million yuan on a year-on-year basis; Secondly, in terms of investment, during the reporting period, the company focused on its main business and replaced some stock, fund and other securities investments with * * * lower certificates of deposit, wealth management products, etc. However, due to market fluctuations, the Company's investment business resulted in a loss of 111 million yuan from changes in fair value during the reporting period, 27.87 million yuan more than the same period in 2023. Among them, the loss from changes in fair value of Sunshine Insurance (stock code 06963. HK) was 126 million yuan, 73.06 million yuan more than the same period in 2023.