• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Interest Rate Rises, Sales Network Construction Opens Orderly, XTEP Is "Not Ordinary".

    2008/10/7 0:00:00 59

    XTEP International (01368) grew 174.3% to 1 billion 408 million yuan in the first half of the year, and the gross profit margin increased 4.6 percentage point to 36.8%.

    Equity holders should account for an increase of 214.1% to 255 million yuan in profits.

    XTEP brand retail store sales increased 45.4%, the company's basic earnings per share increased by 190% to 0.16 yuan.

    The company declared an interim dividend of HK $5 per share.

    The company's revenue increased sharply.

    During the period, it benefited from the expansion of the company's brand promotion and retail network, and the income of footwear and clothing products recorded a rapid growth. The income from footwear and clothing increased by 86.3% and 414% respectively over the same period last year.

    With the increase in revenue, the gross profit margin of the company's products increased from 32.2% in the same period last year to 36.8%. This is mainly due to the company's efforts to develop a brand strategy with gross margin being higher than that of its original equipment manufacturers.

    Gross profit margin steadily rising

    During the period, the retail price of the company's products increased, of which the average selling price of footwear products increased by 6.1 yuan or 8.9%, while the brand growth of clothing products was the most significant, increasing by 6.2 yuan or 16.1%.

    In addition, with the expansion of sales, the bargaining power of the company has been enhanced, thereby achieving better scale economic benefits and reducing the cost of raw materials.

    The cost of footwear and clothing products increased by only 7.2% and 13.3% respectively during the period.

    The increase in revenue and scale effect resulted in a 36.1% increase in gross margin of footwear products compared to 30.9% last year, mainly due to the increase in sales of XTEP brand shoes.

    With the Disney movement of higher gross margin and the growth of Colin brand sales, the gross profit margin of clothing products increased from 32.2% in the same period last year to 36.8%.

    Orderly sales network construction

    In terms of the sales network expansion plan, the company plans to open 1100 retail stores in 08 years and expand the total floor area by about 100000 square meters, so as to enhance the average sales area and overall profitability of retail outlets.

    The company will identify strategic and prime locations as flagship stores and sell its XTEP brand products.

    At present, there are three flagship stores located in Changsha (shop area of about 3000 square meters), Wuhan (shop area of 2000 square meters) and Hefei (shop area of 2000 square meters).

    The company's current plan is to identify some 10 strategic locations for flagship stores in 2008. We believe that the opening of flagship stores in the golden section is expected to further enhance the brand image of the company.

    Retail channels are developing steadily.

    During the period, the three retail outlets of XTEP, Disney and Colin totaled 5115, with a net increase of 468 or 10.1%, of which 4733 of Anta's brand stores increased by 353 or 8.1%.

    At present, the XTEP, Disney movement and the Colin brand retail network run by the company distributors and the three party retailers all over the 31 provinces, autonomous regions and municipalities directly under the central government.

    Buy rating for company

    We expect the company's revenue and net profit to increase by 96% and 114% to 2 billion 676 million yuan and 475 million yuan respectively in the past 08 years, and the current share price of the company is equal to 08 times the expected price earnings ratio of 08 times.

    We give the company a buy rating and a target price of HK $2.6 in the next 6 months, equivalent to 12 times the expected price earnings ratio in 08.

    • Related reading

    Cost Pressures Are Pressing Western Shoe Companies.

    Finished shoes
    |
    2008/10/7 0:00:00
    54

    The Main Way Of Shoe Enterprises Pformation Is To Improve The Technology Content.

    Finished shoes
    |
    2008/10/7 0:00:00
    78

    Sichuan Export Shoe Enterprises Calculate The Exchange Rate In March To Deal With The Risk Of Financial Crisis

    Finished shoes
    |
    2008/10/7 0:00:00
    75

    Chinese Brands That Are Coming To Us In The Face Of Trouble And Opportunity

    Finished shoes
    |
    2008/10/7 0:00:00
    70

    Wenzhou Shoe Leather And Other Small And Medium Enterprises "Group" Out Of The Market

    Finished shoes
    |
    2008/10/7 0:00:00
    58
    Read the next article

    The Brand "Red Dragonfly" Flying On The Olympic Park.

    主站蜘蛛池模板: 国产精品免费观看视频| 玖玖精品在线视频| 菠萝蜜视频在线观看入口| 极品尤物一区二区三区| 大量精子注入波多野结衣| 国产乱人伦偷精品视频不卡| 久久精品国产亚洲AV高清热| 98精品国产高清在线看入口| 综合一区自拍亚洲综合图区| 最新亚洲人成无码网www电影| 精品国产麻豆免费人成网站| 欧美大香线蕉线伊人久久| 妇乱子伦精品小说588| 国产国语一级毛片| 亚洲最大视频网站| 一二三四视频日本高清| 蜜桃一区二区三区| 扒开女人内裤边吃奶边摸| 啊灬啊别停灬用力啊岳| 久久国产精品一区免费下载| 1000部拍拍拍18勿入免费视频软件| 猫扑两性色午夜视频免费| 夜夜爽夜夜叫夜夜高潮漏水| 劲爆欧美第一页| 中文字幕日韩一区二区三区不卡| 日本高清www无色夜在| 欧美精品xxxxbbbb| 国产精品久久国产精麻豆99网站| 亚洲综合第二页| 69SEX久久精品国产麻豆| 欧美人妻日韩精品| 国产精品毛片va一区二区三区| 亚洲黄色激情视频| 13一14周岁毛片免费| 欧美高清视频www夜色资源| 天海翼视频在线| 免费少妇a级毛片| 中国男同videos| 老师好大好爽办公室视频| 日本人与黑人xxxxx18| 国产国产人免费人成成免视频|