Turning from profit to loss-KDW will lose 1.024 million in the first half of 2020, and operating costs will rise

On August 20, KDW (834509) recently released the 2020 semi-annual report. As of June 30, 2020, the company achieved operating income of RMB 44,987,294.45 in the first half of 2020, a year-on-year increase of 6.47%; it achieved net profit attributable to shareholders of listed companies. The profit was -1,023,990.01 yuan, which turned from profit to loss compared with the same period of the previous year. As of June 30, 2020, the total assets of the company at the end of the reporting period were 171,347,901.66 yuan, down 3.59% from the end of the previous year; the net assets attributable to shareholders of the listed company were 133,653,511.94 yuan, down 1.16% from the end of the previous year. It is understood that during the reporting period, operating costs increased by 20.26% over the same period of the previous year, mainly due to the impact of the epidemic. The company adopted discounted sales measures. Sales increased but fixed product costs remained basically unchanged, leading to an increase in operating costs during the reporting period. During the reporting period, management expenses increased by 23.94% compared with the same period of the previous year, mainly due to the impact of the epidemic and the intensified recruitment difficulties after the Spring Festival. During the reporting period, the company increased expenditure on epidemic prevention measures and food and welfare subsidies. According to the data, Kaidiwei is a professional toy company engaged in the research and development, production and sales of alloy car models and baby educational plastic toys. The company has a mature Ru0026D, manufacturing team and sales channels.