Guangzhou Ruoyuchen Technology Co.Ltd(003010) : it is estimated that the net profit in 2021 will be 28 million yuan ~ 36 million yuan

Guangzhou Ruoyuchen Technology Co.Ltd(003010) the performance forecast was released on January 28. It is estimated that the net profit attributable to the shareholders of the listed company will be 28 million yuan to 36 million yuan in 2021, a year-on-year decrease of 59.33% ~ 68.37%; The basic earnings per share ranged from 0.23 yuan to 0.3 yuan. The main reasons for performance changes are: first, the impact of private brand expenses. 2021 is the first year for the development of the company’s own brand. After nearly one year’s efforts, the company’s own brand has begun to take shape in terms of total commodity trading volume (Gmv) and operating revenue, and has a certain brand effect in terms of customer reputation and brand influence. According to the preliminary calculation of the company, the operating revenue of the company’s own brand has accounted for more than 5% of the total operating revenue in 2021. However, the private brand is currently in the period of market expansion. In order to seize the market, the company has increased the investment of its private brand in marketing expenses, R & D expenses and manpower, which has an impact on the company’s net profit.

From January to June 2021, Guangzhou Ruoyuchen Technology Co.Ltd(003010) ‘s main revenue composition is: e-commerce service industry accounts for 100.0%.

The general manager and chairman of Guangzhou Ruoyuchen Technology Co.Ltd(003010) are Wang Yu, male, 37, with a master’s degree background.

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