yazi's market competitiveness and sustainable Cream boxes. Behind the decline in yazi's performance is its inventory turnover days that are several times higher than that of ordinary skin care companies. Offline, coupled with the majority of yazi's marketing investment is mainly online, so offline performance is tepid.
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After upgrading the packaging and launching new products, yazi ’s sales volume has decreased sharply.47 days. In other offline channels, yazi Development has not found a breakthrough. Costs and losses caused by profit promotion and backlog of goods may be one of the reasons for the decline in net profit. In June 2008, Dai Yuefeng completed the merger and acquisition of yazi brand and processing base by way of stock exchange. A Watsons shopping guide in Beijing told reporters that the sales volume of yazi Mask was not as good as before.986 million, RMB 72.”
For this reason, yazi had planned to acquire a domestic essential oil brand Fu expands its offline presence, but the acquisition ultimately “succumbed”. This investment project will have a positive impact on yazi's operating results in the future. In November of the same year, Dai Yuefeng obtained the agency right of yazi. Song Qinghui said that the high inventory turnover days also means that yazi's ability to realise is weak, which has a great negative impact on cash flow. In the opinion of economist
Song Qinghui, the main reason for the decline in yazi's third quarter net profit was the rapid rise in the ratio of selling expenses. By the end of 2017, yazi's annual net profit reached 158 million yuan, a year-on-year increase of 114. After the first-year performance of the company changed its face, the net profit of yazi Co. On the evening of October 28, yazi released the third quarter of 2019 report, saying that in the third quarter, it realized revenue of 604 million yuan, a year-on-year decrease of 3. yazi's intelligent production base hopes to increase its sustainable profitability by expanding its capacity layout, but yazi's inventory is already very high.”