Lining's Orders Fell Sharply In The Second Quarter Of 2011.

Following China's trend (03818) orders will increase sharply in the second quarter of next year. slow down Lining (02331) also made investors Disappointment And the mainland sporting goods retail industry is likely to enter the cold winter.

Lining recently announced that in the second quarter of 2011, the order of Lining products will end. According to the retail tag price, the order amount is similar to that of the same period last year. The average retail price of clothing and shoes rose by more than 8%, but the number of orders decreased by more than 7% and 8% respectively. This is mainly due to the adjustment of the wholesale discount rate to dealers in 2011. The order amount decreased by about 6% compared with the same period last year, according to the wholesale shipment (sell-in).

Zhang Zhiyong, chief executive of Lining, bluntly pointed out that the retail environment of the sporting goods industry this year is obviously under greater pressure. On the one hand, it has not been able to sustain its growth due to excessive reliance on distributors to open stores in the past. Meanwhile, the cost of retail operations is rising rapidly. Therefore, management's growth expectations for next year are also more conservative. Zhang Zhiyong also said that the next two quarters of the order situation may still be under pressure, but measures have been implemented to reduce the negative impact.

In addition, in response to the Hong Kong Stock Exchange (00388) ruling that the acquisition of Lining 30.9% interest is an anti takeover action, extraordinary China (08032) said it was appealed against the decision and the date of appeal hearing was not yet determined. China, known as energy saving and extraordinary energy saving, announced the acquisition of Lining's 30.9% interest at the end of August this year.

Extraordinary China emphasizes that if the appeal is dismissed, various methods will be explored to continue the acquisition under the listing rules. This anti takeover ruling does not mean that the deal of Lining's purchase has failed, but the transaction needs more time to meet more requirements. The management is still confident of the eventual completion of the purchase, and the timetable for appeal will depend on the date of hearing of the HKEx. And decide 。