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Xinxing Shoe Industry Reorganized Production Plan, Increased Productivity And Increased Annual Turnover By 33.1%

2010/9/23 9:30:00 82

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September 23rd,

Xinxing

Footwear industry (1170) is mainly engaged in leisure, baby and small.

Children's shoes

The production and sales of these products include Skechers, Clarks, Stride Rite, Elefanten and Rockport. In addition, it also develops footwear and male fashion retail and wholesale businesses in the mainland with MOCCA and Fiona s Prince and AIMS brands. The end of this year will be the end of March.

achievement

Although the turnover decreased by 11.9% to 1 billion 290 million yuan, the gross profit margin increased by 8.8 percentage points to 22%. The net profit increased by 97.4% to 105 million yuan, and the net interest rate increased 4.5 percentage points to 8.1%. The annual dividend increased 1.15 times to 8.6 cents, reflecting a significant increase in business.

During the period,

footwear

The turnover of manufacturing and production segment decreased by 12.3% to 1 billion 270 million yuan, while the segment performance increased 1.39 times to 155 million yuan, reflecting strict control costs, restructuring production planning, enhancing productivity and optimizing business and product portfolio results.

In response to customer delivery requirements, cost effectiveness and stable labor supply, the group has 38 production lines in mainland China, Zhuhai, Zhongshan, Jiangxi and Vietnam and Kampuchea, with an annual output of 20 million pairs and a capacity utilization rate of 65%.

In line with Skechers, the brand new Shape Ups footwear has achieved an ideal performance, reflecting that the group has strengthened its research and development to cooperate with its customers, believing that this research and development advantage will help the group win more orders and promote steady growth of business in the future.

In terms of retail sales and wholesale business, the total turnover increased by 33.1% to 18 million 110 thousand yuan in the whole year, and the loss increased by 8 million 410 thousand yuan to 22 million 770 thousand yuan. There is no room for improvement. However, it is believed that the group will strengthen its domestic market expansion in order to expand its operation scale.

Xinxing's track record is 10.3 times earnings and its weekly interest rate is 5.1%.