Read the New Third Board Report On April 25th, AB Group released its 2017 annual report. In 2017, it achieved operating income of 672,556,050.26 yuan, a year-on-year increase of 60.50%. Net profit was 21,153,282.86 yuan, an increase of 355.48% over the same period of the previous year.
According to the announcement, the company's operating income and net profit increased significantly because the company has stable customers and good reputation. The top five customers increased orders. The top five sales increased by 270,247,500 yuan, an increase of 113.50%. The company's operating profit increased by RMB 12,244,300 over the previous year and its non-operating income increased by RMB 2,152,500 over the previous year, resulting in a substantial increase in net profit. The company's income comes from six categories of products, namely underwear, underwear, bras, clothing, fabrics and others. Among them, underwear realized income of 49,476,165.44 yuan, accounting for 7.36%; underwear realized income of 168,346,373.74 yuan, accounting for 25.03%; bra realized income of 11,584,112.84 yuan, accounting for 1.72%; clothing realized income of 357,573,810.91 yuan, accounting for 53.17%; fabric realized income of 60,274,836.65 Yuan, accounting for 8.96%; other realized income of 11,155,248.06 yuan, accounting for 1.66%.
The AB Group was listed on the New Third Board on April 25, 2016, and adopted the collective bidding method, which belongs to the base layer. The company's main business is the production and sales of knitted underwear-based products. The main products include underwear, suit underwear, bra, clothes, fabrics, etc., supplemented by home clothes, T-shirts, socks, towels and other ancillary products.
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