China Baiyin Group Co., Ltd. is a professional silver producer and comprehensive silver operator, whose business runs through the upper, middle and lower reaches, and is a comprehensive enterprise operating in the whole industrial chain of China. The flagship store of China Baiyin Group Co., Ltd. is the flagship store of China Baiyin Group Co., Ltd., which is opened after the merchants submit authentic materials and pass the official audit of Taobao. Used to sell goods or services produced and purchased through legal and compliant channels.
The strong growth of silver, gold and precious metals production business is mainly due to the strong growth of the core business-silver and palladium precious metals production business. During the economic downturn, the Group achieved good business performance. The Group's revenue was about 3.927 billion yuan, up about 5% year-on-year, and its gross profit margin was about 65,438+05.4%, maintaining steady growth. After deducting the one-time and non-cash joint venture expenses and the impact of non-recurring goodwill impairment, the profit attributable to owners of the company actually increased by about 40% year-on-year, from about 226 million yuan to about 3,654,380,600 yuan.
With the increase of market uncertainty, especially the outbreak of COVID-19 epidemic, novel coronavirus is expected to appear in the world. The demand for precious metals such as silver and gold is expected to increase. The demand for silver is higher than that of gold and silver, and the margin of safety is higher. With the increase of disposable income in China, the rise of e-commerce is also conducive to the development of the group. China Bank Golden Cat Silver Cat's brand-new Internet jewelry retail platform has opened the door for the younger generation of consumers.