In addition, Pian Zihuang also disclosed the companys third quarter results at the same time this evening. In the first three quarters of 2020, the companys operating revenue was 5.070 billion yuan, with a year-on-year growth of 16.78%; and its net profit was 1.329 billion yuan, with a year-on-year growth of 19.83%. The basic earnings per share is 2.20 yuan.
According to the announcement, Fujian Pianzihuang Cosmetics Co., Ltd. was established in 2002 with a registered capital of 197 million yuan. It is mainly engaged in the research and development, production and sales of cosmetics. It owns brands such as Pianzihuang and Queen, covering skin care products, cleaning and care series. In addition, it has established a sales network covering department stores, daily chemical stores, drugstore chains, experience stores, e-commerce and supermarkets.
Pianzheng cosmetics is 90.1869% and 9.8131% respectively held by pianzheng and Zhangzhou state owned assets investment and Management Co., Ltd., the controlling shareholder is pianzheng, and the actual controller is the state owned assets supervision and Administration Commission of Zhangzhou Municipal Peoples government.
In terms of business status, according to the announcement, the annual net profits of pianzai Huang cosmetics in 2017, 2018 and 2019 were 21.03 million yuan, 42.46 million yuan and 80.94 million yuan respectively. In the first half of 2020, the company achieved a revenue of 330 million yuan and a net profit of 74.22 million yuan.
Source: editor in charge of Finance and Economics: Zhong Qiming_ NF5619