Xingnuo Technology's 2015 revenue of 56.89 million yuan decreased by 54%

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On June 23, Xingnuo Technology (835159) recently released its 2015 annual report, showing that its operating income for 2015 was 5,689,230 yuan, a decrease of 44.27% from the same period of the previous year; the net profit was 10.4792 million yuan, a decrease of 53.50 compared with the same period of last year. %.

As of December 31, 2015, Xingnuo Technology's total assets were 108 million yuan, an increase of 10.46% over the same period of the previous year; the net assets attributable to the listed company's shareholders was 95,754,700 yuan, an increase of 30.05% over the same period of the previous year.

Xingnuo Technology's 2015 annual sales expenses decreased by 462.02% compared with the same period of last year, mainly because: due to policy restrictions, the company's advertising expenditures decreased significantly, up 76.70% year-on-year; and the previous investment has been completed. The corresponding expenses decreased. For example, the software service fee decreased by 60.68%, the channel entry fee and service fee decreased by 59.60%, and the related expenses decreased due to the decrease of business activities. For example, the freight rate decreased by 84.87% and the employee's salary decreased by 26.27. %. During the reporting period, related expenses such as travel expenses, office expenses and automobile expenses also decreased year-on-year.

According to the data of the Dibei New Third Board Research Institute, Xingnuo Technology is mainly engaged in the research and development, promotion and sales of Kanglun fiber and its derivatives, mainly providing Green Shield respiratory protection products and Kanglun fiber antibacterial products for the market. The current revenue is mainly derived from the sales of Kanglun products (fiber, fabric and finished products) and Green Shield mask products.