Xin Hee Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 27, 2021 at 07:32 am EDT
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Xin Hee Co., Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was CNY 1,833.077 million compared to CNY 1,965.209 million a year ago. Operating income was CNY 243.605 million compared to CNY 329.790 million a year ago. Net income was CNY 178.252 million compared to CNY 242.222 million a year ago. Basic earnings per share from continuing operations was CNY 0.5277 compared to CNY 0.7569 a year ago. For the quarter, sales was CNY 544.112 million compared to CNY 409.976 million a year ago. Operating income was CNY 129.692 million compared to CNY 54.228 million a year ago. Net income was CNY 94.587 million compared to CNY 39.502 million a year ago. Basic earnings per share from continuing operations was CNY 0.2217 compared to CNY 0.1234 a year ago.
Xin Hee Co Ltd is a China-based company mainly engaged in the design, production and sales of women's clothing. The Company mainly has seven independent brands. JORYA is positioned in the high-end mature women's clothing market. JORYA weekend products are British college casual style. ANMANI positioned a fashionable urban style. GIVH SHYH is mainly fashionable casual wear. The CAROLINE brand favors urban professional wear. The AIVEI brand is positioned in the fashion ladies' wear market. The QDA brand is positioned in the high-end consumer market. Its products include clothing and commodities, such as tops, windbreakers, down jackets, leather garments, sweaters, shirts, skirts, pants, belts, scarves, hats, headbands, necklaces, socks, gloves, sandals, leather shoes, casual shoes, boots, handbags, shoulder bags, wallets, etc. The Company has stores in multiple cities in China. The Company conducts its businesses within the China market and to overseas markets.
XIN HEE CO.,LTD. 
