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The Price Of Cashmere Products Increased By &Nbsp; Net Profit Increased By More Than 4 Times.

2010/9/4 20:15:00 101

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To achieve earnings per share of 0.2 yuan.

benefit from

consumer market

With the gradual warming and cashmere prices rising, the silver cashmere industry grew rapidly in the first half of 2010.

During the reporting period, the company achieved a revenue of 540 million 270 thousand yuan, an increase of 132.06% over the same period, and the net profit attributable to shareholders of listed companies was 32 million 730 thousand yuan, an increase of 443.06% compared with the same period last year, and the earnings per share were 0.2 yuan, up 455.56% over the same period last year.

Another reason for the substantial increase in company performance is the smaller base.

Consolidated gross profit margin increased by 3.89%.

Cashmere

The rise in price makes the cashmere company have a low cost advantage in the 2009 reserves, and the sales price of cashmere products has also increased. During the reporting period, the consolidated gross profit margin of the company increased by 3.89%.

Specifically, the water washed velvet and plush products achieved a revenue of 336 million 368 thousand and 100 yuan, an increase of 179.48% over the same period, with a gross profit margin of 23.93%, an increase of 7.07% compared with the same period last year. The income of the products was 22 million 716 thousand and 800 yuan, and the gross profit margin was 14.3%, an increase of 7.44% over the same period.

Domestic and foreign sales simultaneously.

With the gradual warming trend of the international and domestic textile consumer market, the company grabbed the market experience and promoted both internal and external marketing.

During the reporting period, the company publicize its brand through new product launches, vigorously develop distributors and build stores, and foreign sales achieve 239 million 100 thousand and 800 yuan, an increase of 85.16% over the same period last year, and domestic sales achieved 301 million 170 thousand and 400 yuan, up 190.45% over the same period last year.

Second half performance is worth looking forward to.

Cashmere reserve

low cost

The advantages will continue in the second half of the year, and the sales of cashmere products will be concentrated in the second half of the year. The merger will increase the revenue of Duncan company in the United Kingdom. Therefore, the company expects to achieve a net profit of 4500-5100 yuan in the first 3 years of 2010.

Risk and rating.

The risks faced by the company in the second half of the year are mainly due to fluctuations in raw material prices and macroeconomic uncertainties.

We expect the company's EPS in 2010 and 2011 to be 0.5 yuan or 0.6 yuan, giving the company the recommended rating.