HONG KONG--(BUSINESS WIRE)--Trinity Limited (0891.HK), a subsidiary company of Ruyi Group (002193.SH), announced its 2019 annual financial results on March 31, 2020. This is the first full-year report since Ruyi Group became its controlling shareholder. Trinity's total revenue in 2019 increased by 13.9% to HKD 1.962 billion, with core operating profit of HKD161.3 million and profit attributable to shareholders of HKD 50.4 million.
Trinity Limited adheres to the international development of high-end brand positioning. Its brands, Cerruti1881, Gieves & Hawkes, Kent & Curwen, maintain the brand's noble European descent, and consistently implement luxury positioning with excellent craftsmanship and elegant design admired by consumers. The Japanese brand D'urban, with its exquisite quality and artisan-style, reflects Japanese quality and is much loved by businessman.
Since Ruyi Group acquired Trinity Limited in April 2018, it has vigorously supported its development and successfully turned losses into profit. Ruyi helps to improve the traditional business and promote new business through business rationalization, and actively expands the group ordering business. Ruyi also integrates domestic and foreign sales network resources, and cooperates with major e-commerce platforms in mainland China and companies focusing on Internet marketing, which connects between physical sales and e-commerce and adapts to the needs of different customer groups.
Yafu Qiu, President of the Board at Ruyi Group, said, "Trinity showed signs of profitability in the final quarter of 2018, which was able to sustain through further reform, transformation efforts, and the rightsizing of various operations. We will continue to raise our competitiveness and enhance our online and wholesale presence, seeing our premium self-owned brands Cerruti 1881, Gieves & Hawkes, and Kent & Curwen as well as our licensed brand D'urban to exercise greater influence in their respective country of origin and key fashion capitals of the world."
With the Ruyi Group's manufacturing capabilities and customer resources, Ruyi will create considerable profit space for maximizing the value effect of sub-brands and achieve synergies with controlling shareholders in the supply chain, controlling production costs and promoting rapid production response.
Yafu Qiu also stated, "Though 2020 looks challenging due to various macroeconomic factors, I believe with our highly experienced management team, clear business direction, optimised global workforce and unstinting ties with key stakeholders, Trinity will continue to grow from strength to strength."
Shenzhen Stock Exchange
002193