2011 Yuyuan Fiscal Year, Footwear Revenue Will Increase The Number Of Units.
After meeting with Yuyuan group management, Citigroup analysts quoted Yuyuan management as anticipation that the group's manufacturing income from footwear products in the fiscal year 2011 will be able to record the growth of high unit figures and estimate that the gross profit margin will continue to improve from the second quarter of 2011.
Yuyuan
Management estimates that the London Olympic Games will be held in 2012.
Footwear products
The demand will increase significantly, while management's guideline for retail business will grow by 15% to 20%, while management also points out that there is no discussion with Nike on the lower priced footwear products in the two or three tier cities in mainland China, but points out that if low price NiKE shoes can be produced in large quantities, we believe that we still enjoy higher gross margins.
Yu Yuan, in fiscal year 2011.
Manufacturing business
The number will increase by 20%, but it is believed that the remaining time will slow down. It is estimated that the average selling price of the products in the 2011 fiscal year will decrease by the number of units.
Yuyuan management pointed out that the number of units planned to increase production capacity in 2011 and 2012 will be offset by the cost of overtime work in Indonesia and Vietnam.
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