Anta Announced: The First Half Of The Year Has Soared By More Than 3 Billion 400 Million.
Analysis of the industry, according to the first half of Anta's Sale The scale and speed of development, Anta's performance in 2010 reached 7 billion, it will not be difficult.
Price increase and cost down
According to earnings analysis, the main reason for the increase in turnover is the increase in average selling price and sales volume, the provision of richer product categories and expansion of distribution networks, and the strong brand value, diversified product mix and effective cost control.
In fact, under the strong brand effectiveness, effective cost control has become an important factor in Anta's profitability significantly better than other similar shoe companies. Financial report shows that the first half of this year, Anta footwear products Average selling price (wholesale price) increased by 2% to 96.9 yuan, and the price of clothing products increased by 7.1% to 49.6 yuan. At the same time, the cost of Anta products has been reduced. On average, Anta shoes cost 52 yuan per pair, down 2.5 yuan compared with the same period. Affected by this, Anta's gross profit margin reached 43.7% in the first half of this year, an increase of 2.2% over the same period last year.
Analysts said that in order to control costs and raise gross profit margins in the first half of this year, Anta has increased the self production ratio of footwear products, especially footwear products. According to the financial report, in the first half of the year, Anta produced 7 million 300 thousand pairs of footwear products and 4 million 500 thousand clothing products. The proportion of self produced products accounted for 44.8% and 14.5% respectively, compared with 35.5% and 14.8% in the same period last year. In order to reduce costs, Anta's own factories procured raw materials in advance, reducing the impact of price fluctuations, and jointly purchasing raw materials with Anta OEM/ODM factories, which strengthened Anta's bargaining power and enjoyed large volume purchase discounts.
FILA will become a new growth point
As of the end of June, there were 7052 retail outlets in Anta sports, an increase of 461 from the end of last year. Meanwhile, Anta's free cash inflow increased by 36.9% to 736 million yuan due to its outstanding performance in the management and operation of mobile capital.
Anta sports chairman Ding Shizhong said at the performance press conference that Anta's newly acquired FILA brand will become a new growth point for the group. The company will promote FILA brand products in September, hoping to achieve a balance of payments next year and make profits in 2012.
According to the development plan formulated by Anta, by the end of this year, the number of Anta shops has increased to 7400, the toy life series has increased to 600, the children's series has increased to 350, and the FILA store has increased 200, which has been put into operation in China's first and second tier cities. According to Anta's first half performance, the number of Anta stores has increased by 461 to 7052; the total sales area of Anta stores has increased 9.9% to about 776 thousand square meters; the average sales area of Anta stores has increased from 107 square meters to 110 square meters.
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