To forge ahead! BAWANG continues to make profit for 2 consecutive years!
Mar. 29, 2018
March 28, 2018 Beijing time, BAWANG International Group the issued full year performance report for 2017. According to the report, the total turnover of BAWANG Group for the whole year of 2017 is about 264.2 million yuan, which is relatively flat compared to the same period in 2016. Operating profit is about 19.7 million yuan, net profit is about 19.2 million yuan.
Since 2016 won the libel lawsuit against Hong Kong Weekly Magazine, BAWANG achieve a sustained operating profit for two consecutive years. It's an important breakthrough in the turnaround on the difficulty!
"Quantifying the number and grasping execution" is an important condition for BAWANG Group to achieve continuous profitability for 2 consecutive years in 2017! Bawang Group implemented a series of reforms in 2017:
In the operation, BAWANG deepen the reform of various channels, promote deepening e-commerce channels and develop CS franchise channels; strengthen professional training, build a strong and professional team, and promote the steady growth of the company's performance; strengthen brand building, sign up for popular anime IP [Super Flying Man], and develop its own second-generation anime character " Family of BAWANG Chinese Medicine Fairy ", which is an important step in brand rejuvenation. In the public interest, we constantly practice corporate social responsibility, join hands with the China Women's Development Foundation, the wind direction and other non-profit organizations to help the poor, build the Chinese dream, and convey the public image of the strong social responsibility of Chinese domestic brands.
In 2018, the business theme of BAWANG Group was [The return of the king, the performance is king]. BAWANG Group will strive to maintain the momentum of sales growth and continued profitability, so that industry players, distributor customers and channel operators will feel the confidence and determination of the recovery of the BAWANG brand.