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Haining Leather City Optimized Market Commodity Structure, Realized The First Three Quarters Net Profit Growth.

2010/8/20 17:15:00 52

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August 20th, Haining Leather City [41.06-1.42%] (002344) semi annual report shows that the first half of the company realized

Do business

Revenue rose 559 million, an increase of 107.24% over the same period, and net profit of 120 million yuan, an increase of 133.89% over the same period last year.

The company expects net profit attributable to shareholders of Listed Companies in 2010 1-9 increased by 170%-200% over the same period last year.

Data show that Haining

Leather City

Performance in the first half of this year came mainly from shops and ancillary properties.

Sale

Business.

Company business and property rental, hotel services, merchandise sales three business revenue grew steadily, an increase of 30.4%, 28.64% and 43.48%, respectively, while business and supporting property sales business revenue increased significantly, an increase of 257.42% over the same period.

Haining leather city said that it is the main reason for the company's growth to accelerate the implementation of the strategy of "increasing internal extension" with the opportunity to raise funds in listing.

In the first half of this year, Haining leather city's "internal increase" project has been pushed forward, and the three phase of Eastern leather Block project has been delivered on schedule and contributed to the company's contribution. The western block has built up and basically completed the investment. Leather City four fur Plaza project has completed the invitation to invest, and has implemented the four phase project of the wholly owned leather city by using super raised funds.

The "extension" project was accelerated. The construction of Tong Er Bao Leather City Project in Liaoning was pushed forward on schedule, and the investment and housing selection work was successfully completed. The two phase project of Tong Er Bao was achieved, and the holding of Jiangsu Leather City in Shuyang was completed. Henan Xinxiang Haining Leather City project was established.

Statistics show that 1-6 months, Haining leather city passenger traffic reached 1 million 607 thousand passengers, an increase of 3.01% over the same period.

Industry sources said that Haining Leather City in the first half of the year has focused on optimizing the one or two phase of market commodity structure, and promoted the improvement of market management level; with Shanghai World Expo Dongfeng, Haining leather city is expected to further enhance its popularity and influence.