Daily chemical leader Shanghai Jahwa's daily limit, Q1 net revenue decline

On April 22, the daily chemical leader Shanghai Jahwa opened lower and moved higher today, closing the daily limit at 27.8 yuan.



On the news, the local daily chemical leader Shanghai Jahwa released today's financial report for the first quarter of 2020. Affected by the epidemic, the company's revenue and net profit declined: the first quarter realized operating income of 1.665 billion yuan, a year-on-year decrease of 14.8%; Deducted non-net profit of 130 million yuan, down 19% year-on-year; In addition, operating cash flow increased by 27.4% year-on-year to 340 million yuan.



It is worth noting that Zhang Dongfang, chairman of Shanghai Jahwa, suddenly offered to leave. According to Shanghai Jiahua's announcement, Zhang Dongfang received his resignation report this afternoon. Zhang Dongfang applied for his resignation as director of the company for personal reasons. At the same time, he applied for resignation from May 5, 2020 as the company's chief executive officer, general manager, subordinate holding company and shareholding company. After resignation, he will serve as the company's chief consultant.



As the former market leader of the A-share cosmetics industry, Shanghai Jahwa has been in a downturn since 2013, gradually losing its first position in cosmetics. In September 2019, the market value of Shanghai Jahwa was surpassed by Maru shares; in January 2020, it was surpassed by Pellet.