Multinational Layout Advantage, Ruyi Group'S First Quarter Revenue Of 266 Million Yuan

Shandong Ruyi woolen clothing group Limited by Share Ltd (hereinafter referred to as Ruyi group) released its first quarter results in 2019.

During the reporting period, the company's revenue was 266 million yuan, an increase of 17.78% over the same period, attributable to shareholders of listed companies net profit of 10 million 119 thousand and 500 yuan, an increase of 4.79% over the same period last year.

Ruyi group's revenue in 2018 was 1 billion 327 million, an increase of 11.28% over the same period, the net profit attributable to shareholders of listed companies was 99 million 11 thousand and 900 yuan, an increase of 39.58% over the same period, an increase of 3 over the past 3 years.

Worsted fabrics, clothing design, production and sales are the main business of Ruyi group.

In 2018, the clothing sector revenue accounted for 790 million, accounting for 59.6%, the largest contribution; worsted fabric sales revenue accounted for 470 million, accounting for 35.4%.

According to public information, Ruyi group aims to upgrade the profitability of the Internet quickly by adhering to the principle of "high-end positioning and quality strategy". It will integrate the global multi fashion brands through mergers and acquisitions to expand the sales territory and create the first fashion group in China.

In July and September last year, Ruyi Group signed strategic cooperation agreements with Asia's largest luxury goods and high-end service business Temple library and Jingdong to increase e-commerce partners and further expand the network sales territory.

Or last year, Ruyi group completed the acquisition of a stake in Li Bang men's wear. Li Bang men's clothing awarded the three franchises of Kent&Curwen, Cerruti1881 and Gieves&Hawkes to Ruyi group, so that she could make full use of the advantages of French brands such as Sandro and Maje in the European market, help Li Bang expand its retail and wholesale business, and enhance the overall international image of Ruyi group.

In the top 100 list of luxury goods companies released by DDT today, 9 enterprises in China are listed on the list, including Li bang. This is the only clothing company selected for the list of the top 100 luxury goods companies in the world.

The French fashion group SMCP of Ruyi group announced yesterday that it will form a cooperative relationship with Jingdong, expand its sales channels and increase its participation in the Chinese market.

In the future, the sales network advantage of Ruyi group will be further highlighted.