Jiaxin Silk (002404): Profit Of Private Brand In The First Half Of The Year Increased Significantly Year On Year

Research on the development of the company (in the form of questions raised by the research organization and answered by the company)

Question 1: how about the operation of jincannet?

A: jincanwang has been innovating new supply chain service modes, extending cocoon and silk supply chain services to customers' production end, opening up financing, purchasing, production and trade business chains, continuously increasing online transaction volume and collaborative trade volume, and maintaining stable growth in scale and efficiency of supply chain financing business.

Question 2: can you introduce the operation of the company's own brand?

A: private brands have made accurate efforts, with a year-on-year growth of nearly 50% in the first half of the year, and profits have increased significantly“ Combining with the red theme of the Centennial founding of the Communist Party of China, the brand of "jinsanta" explores the integration of silk culture, red culture and historical culture, and constantly improves the design and R & D ability. The related silk cultural and creative products are favored by consumers. The sub brand "Nita" has achieved good results in planting grass through new retail modes such as xiaohongshu, shuoyin and wanghong live broadcasting, with the cost of "powder absorption" significantly reduced, the sales increased significantly year on year, and the brand influence continued to increase.

Question 3: can you introduce the research and development progress of spider silk?

A: the research and development of spider silk imitation is in progress according to the plan. At present, the number of cocoons cultivated in small batches has been increased, and the performance of the products tested by application is also constantly improved and improved.

Question 4: can you introduce the arrangements after the completion of share repurchase?

A: the accumulated repurchase amount of the company in the early stage exceeds 100 million yuan, and the plan will be used for equity incentive or employee stock ownership plan, hoping to fully mobilize the enthusiasm of the company's core backbone and excellent employees, and jointly promote the rapid and healthy development of the company.