Looking forward to the third quarter, the legal person pointed out that Yuqi-KY has gradually resumed placing orders and pulling goods from brand manufacturers. It is estimated that the revenue in the third quarter is expected to increase by more than 20% compared with the previo

The epidemic has disrupted the shipment progress, and Yuqi-KY (9802)'s second quarter revenue and profits have been affected. The original autumn and winter shipments were postponed from April to September to May to October. Due to the delay in shipments, the legal person predicts that the second quarter will be the bottom of operations. As autumn and winter models are shipped one after another, the third quarter's operations will be better than the second quarter's performance.

Thanks to the improvement of production efficiency and the optimization of product mix, although Yuqi-KY's second quarter revenue declined due to the epidemic, its gross profit margin reached 19.91%, which still hit a new high for the same period, making up for the impact of the revenue decline and the decline in operating profit. It is also lower than the revenue decline.

In addition, Yuqi-KY has actively increased its non-Chinese production capacity. In the first half of the year, the proportions of China, Vietnam and Cambodia were 27.8%, 48.5% and 23.7% respectively. The proportion of non-Chinese production capacity has increased from 66% last year to more than 7%. become. The legal person believes that as Yuqi-KY plans to continue to expand production in Vietnam and Cambodia, the proportion of production capacity will gradually increase. It is estimated that Cambodia’s production capacity proportion in 2020 will be approximately the same as that of China.

Looking forward to the third quarter, the legal person pointed out that Yuqi-KY has gradually resumed ordering and pulling goods from brand owners. It is estimated that the revenue in the third quarter is expected to increase by more than 20% compared with the previous quarter, and the single-quarter gross profit margin is also expected Back to the level of more than 20%, and with the improvement of operating efficiency, the profit growth rate will be better than the revenue growth rate, and single-quarter profits are expected to increase significantly.