Leju Financial News Han LingApril 1st,Rex International (02222.HK)Release the 2020 performance report.

In 2020, Rex International's income was 2.35 billion yuan, an increase of 5.7% over the same period last year. The gross profit was about 673 million yuan, an increase of 26.1% over the same period last year. Since the completion of the sale of most of Rex's China Lighting business in 2019, the domestic market has mainly focused on the sales of non-Rex brand lighting products. Due to the shrinking market demand for traditional light source products and the slowdown in production and sales caused by the domestic epidemic in the first quarter, China's sales revenue fell by 22.3% in 2020. International sales increased by 10.2%. The North American and Japanese markets have effectively promoted the growth of the overall performance through the advance storage of major customer orders, speeding up the supply of new products, and actively carrying out the research, development and promotion of plant lighting and germicidal lighting and other products in the post-epidemic period.

North America will still be the main sales market for Rex International in 2020. At present, Rex International has established sales networks and channels in China, North America, Europe, Australia, East Asia, the Middle East and Southeast Asia and other major countries and regions.

Affected by the epidemic, Lexi International lost 20.002 million yuan in 2020, while its continuing business loss reached 87.263 million yuan in the same period. The loss attributable to the owners of the company is about 51.748 million yuan, and the net profit for the same period in 2019 is about 3.675 billion yuan.

Article source: Leju Finance