Tianhong Textile (02678.HK) Net Profit Fell 5% In 2019.

In February 28th, Tianhong shopping malls Limited by Share Ltd (hereinafter referred to as "Tianhong shares") released 2019 annual results, which reported that the operating income was 19 billion 393 million yuan last year, an increase of 1.33% over the same period last year. The net profit attributable to shareholders of listed companies was 859 million yuan, down 5% from the same period last year.

Performance express pointed out that Tianhong shares increased strategic input in 2019, vigorously promoting digital transformation, and online business mode is becoming more mature, and is becoming an online and offline integrated consumer service platform. At the same time, we will strengthen the online retail operation of terminal customers and digital technology services for peers and brands. We will promote the development of the three business development strategies of digitalization, experiential and supply chain, and open 11 new shopping center stores.