Jiangsu Hongtu Hi-tech Co. operates within the Computer and software stores sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Jiangsu Hongtu Hi-tech Co. with three other
electronics retailers in Asia:
FPT Digital Retail JSC
of VIETNAM
(2019
sales of 16.63 trillion Vietnamese Dong [US$721.91 million]
of which 97%
was Computer equipment),
Tsann Kuen Enterprise Company Limited
of TAIWAN
(18.92 billion Taiwanese Dollars [US$679.88 million]
of which 100%
was 3C Circulation departments), and
Wonder Corporation
which is
based in JAPAN
(66.57 billion Japanese Yen [US$625.76 million]
of which 50%
was Wonder GOO).
Sales Analysis.
Sales fell dramatically in 2019:
During the year ended December of 2019, sales at
Jiangsu Hongtu Hi-tech Co. were 4.00 billion Chinese Renmimbi (US$618.25 million).
This
is
a
sharp
decrease of 71.5%
versus 2018, when the company's sales were 14.02 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 86.8% decline
in Other, from 811.00 million Chinese Renmimbi to 106.70 million Chinese Renmimbi.
There were also decreases in sales in
It Chain (down 78.6% to 2.50 billion Chinese Renmimbi)
and
Auction (down 50.5% to 50.03 million Chinese Renmimbi)
and
Real Estate (down 86.7% to 3.22 million Chinese Renmimbi)
and
Other Business (down 62.6% to 52.87 million Chinese Renmimbi)
.
However, these declines were partially offset by the increase in sales of
Optical Cable (up 1.0% to 1.02 billion Chinese Renmimbi)
and
Printer (up 4.7% to 272.86 million Chinese Renmimbi)
.