Smith Barney Lost A Net Loss Of 1.5-2.5 Billion In The First Quarter

002269.SZ, which disclosed the first quarter results in 2020, is expected to lose a net loss of 150 million yuan -2.5 billion to shareholders of listed companies, making a profit of 38 million 348 thousand yuan in the same period last year. The reasons for the change are as follows:

First, the outbreak of a new coronavirus outbreak occurred in the first quarter of 2020. The company actively cooperated with the relevant government regulations. Most shops took measures such as suspending business and restricting the flow of people, which had a greater negative impact on the sales revenue of the company.

Two, the company further accelerated the upgrading of retail sales, and actively participated in expanding various online sales channels, overcoming the logistics barriers brought by the epidemic, and providing consumers with new retail experience. The online sales revenue increased slightly in the first quarter compared with the same period last year, of which 2 and March orders increased by more than 30%;

Three, at present, the domestic epidemic situation is basically under control. However, the epidemic situation is continuing throughout the world, and the pressure of epidemic prevention and control will not decrease. The negative impact on the company will continue for a considerable period of time. The company will further increase its retail upgrading efforts and actively transform to meet the new retail demand of consumers. At the same time, it will continue to provide support for franchising channels and help the franchisees tide over difficulties.