Gelonghui, April 1, 丨Jielong Holdings (01425.HK) announced that for the year ended December 31, 2019, it achieved revenue of HK$701 million, up 15.27% year on year; gross profit of HK$220 million, up 19.84% year on year; company owners should account for this year's profit of HK$52.43 million, up 41.00% year on year; basic profit of HK$5.50 per share; proposed final interest of HK$0.0228 per share.

During the period, the Group sold about 18.71 million pieces of pajamas and casual wear products, up from the same period last year. Among them, the Group has developed vigorously in recent years and sales of household casual wear products with high average prices have continued to record growth. Sales volume increased by about 30.7% over the same period last year. As a result, the average sales price of the Group's pajamas and household casual wear products also increased by about 12.1% to about HK$36.8. As a result, Group earnings increased 15.3% this year.

The increase in gross profit is mainly due to the increase in the revenue share of household casual clothing products, and generally speaking, the average gross margin of household casual products is also higher than that of pajamas products.