Leather Goods Prices Rose &Nbsp; BELLE Shoes Price Moderate Increase

2010/8/25 16:08:00 90

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Leather BELLE Shoes

Since 2010, the cost pressures of mainland enterprises have increased.

Women's Shoes

And sportswear producer BELLE international 1880 has increased the price in the first half of this year, said Sheng Bai Jiao, chief executive of the group, with the increase in leather prices and the continuous increase in labor costs in the mainland, plus the second half of the year.

inflation

The price of the product will continue to grow moderately, but he has not disclosed the price increase.

Yesterday, the stock fell 1.541% from the big market and closed at 12.78 yuan.

Strong consumer sentiment in the mainland led BELLE's first half of the same store

Sale

Growth exceeded expectations.

The annual sales volume of the group increased by 20% to 11 billion 152 million yuan (RMB) in the same year. As a result of the growth of footwear business with a gross margin of 68.4% and faster than the gross profit margin of 36.1% of the sports products business, the former recorded an increase of 26.5%, while the latter increased by 10.9%.

Sheng Bai Jiao believes that the growth of the same store sales of footwear business in the second half of this year will be over 15%, while that of the first half will reach 18%, while that of sports products will be 4% in the first half of the year, and the same in the second half.

According to Sheng Bai Jiao, in the first half of the year, the price of the products has been raised in the first half of the year when labor costs rise. In the second half of the year, the increase in raw material prices will account for three percentage points of the total cost.

He expects that because the production cost will be delayed by the rising price of leather materials in the first half of the year and the pressure of labor costs continues to rise, there will be no room for further increase in gross profit margin in the second half of this year.

BELLE will be formally incorporated into the Hang Seng Index constituent stocks since September 6th. It has become the first Hong Kong invested enterprise to dye blue in the past four years, and the share will be 0.99%.

In order to celebrate the ideal of performance and become a blue chip investor, the board of directors of the Group intends to issue an interim dividend of 5 points, with a special dividend of 10 points.