Aupu Home Furnishing released the 2020 semi-annual report on the evening of August 24. The company achieved operating income of 599 million yuan in the first half of the year, a decrease of 27.57% over the same period of the previous year. The net profit attributable to shareholders of listed companies was 52.772 million yuan, compared with the previous year. A decrease of 67.46% during the same period. Aopu Home Furnishing said that due to the impact of the epidemic, operating income fell, while management expenses increased more than the same period last year.

Aupu is mainly engaged in the research and development, production, sales and related service provision of household products such as bath heaters and integrated ceilings, and is committed to creating a healthy and pure home environment for every consumer.

In the first half of 2020, affected by the epidemic, downward pressure on the domestic economy has increased, residents' income has declined, company suppliers, distributors, and large customers have delayed resumption of work, and consumer demand for home improvement has lagged, which has caused certain adverse effects on the company's production and operation. . However, since April, with the effective prevention and control of the domestic epidemic, the resumption of work and production and the resumption of business have accelerated, and consumer demand for home improvement has gradually recovered. The company's operating income and net profit in the second quarter have both rebounded significantly, achieving a relatively high level of production and operation. Develop smoothly.

It is worth noting that during the reporting period, the company's management expenses were 56.3369 million yuan, a year-on-year increase of 52.26%. Aupu Home Furnishing said that it was mainly due to the increase in labor costs and the increase in the depreciation expenses of fixed assets in the Jiaxing base.

The announcement also pointed out that the company's sales model is based on the distribution model. If the dealer does not comply with the company's management system or fails to complete the agreed performance targets, it may adversely affect the company's brand reputation or business performance.