St BUSEN Lost 38.6846 Million In The First Half Of The Year

Zhejiang BUSEN Clothing Co., Ltd. (hereinafter referred to as "* ST BUSEN"), whose main business is the design, production and sales of men's clothing brand, released its 2020 semi annual report on August 2. During the reporting period, the company realized a business income of 145 million yuan, a year-on-year decrease of 19.93%; and a net profit loss of 38.6846 million yuan, a decrease of 796.15% compared with the loss of 4316800 yuan in the same period of last year.

Due to the outbreak of pneumonia in the same period of last year, the company was not able to explain the major business performance of the company due to the outbreak of pneumonia in the same period of last year. In order to improve the current business difficulties, the company will continue to strengthen the resources and competitive advantages in men's clothing business, accelerate the reform and innovation of clothing sales channels, open up online and offline sales links, achieve online and offline integration, and vigorously develop new retail business.

St BUSEN said that in recent years, the men's wear industry has been in a long-term downturn. Considering the possibility of cyclical fluctuations and macroeconomic changes in the industry, the company may face the relevant risks brought by the above factors in the future. Therefore, on the one hand, the company will focus on the macro-economic situation and adjust the corresponding business plan; on the other hand, it will adhere to the strategic transformation and transform the business model based on consumer demand, and always strive to improve the hard power of products and reduce the adverse impact of the slowdown in macroeconomic growth.