The company's net profit growth is increasing quarterly.

Companies in the first quarter of this year attributable to the listing.

Net profit in the second quarter was 15 million 690 thousand yuan, up 110% over the same period, and earnings per share were 0.04 yuan, up 300% over the same period last year.

Net profit in the third quarter was 7 million 970 thousand yuan, up 115% over the same period, and earnings per share were 0.02 yuan, up 100% over the same period last year.

The first three quarters achieved a net profit of 33 million 410 thousand yuan and earnings per share of 0.08 yuan.

Real estate business to achieve sales.

The company achieved a total revenue of 1 billion 650 million yuan in the first three quarters, an increase of 135% over the same period last year, mainly due to the increased sales of the red bean International Plaza project of Wuxi red bean limited, a subsidiary holding company.

Brand clothing channel construction is progressing smoothly.

In the first half of the year, we focused on the development of red bean men's clothing chain Monopoly channel around the main garment industry, and strengthened the management of exclusive stores on the basis of this half year.

From the growth of the three quarter of the company, it is likely that the channel construction is progressing smoothly.

In the first half of the year, the company announced to the media at the autumn and winter ordering conference that the planned total of 1300 stores this year will reach 3000 in the next 3 years.

mechanism

Investment rating and risk.

Based on the company's channel construction and the expected growth of net profit, we recommend the company's rating for the time being.

The company's future risks come mainly from the country's further regulatory expectations of the real estate industry and the risk of store expansion.