China'S Trend Returns 8% In The Second Half Of Last Year.

March 23rd, according to Hong Kong media reports, mainly

Sale

The trend of China (3818), in the second half of last year, the profit fell by 8%, becoming the worst growth among sporting goods companies. The annual profit rose by only 0.3% yuan to 1 billion 460 million yuan (RMB).

The same below, far from market expectations.

According to Hongkong's Ming Pao, it is mainly based on

Selling sportswear

(3818) profit fell 8% in the second half of last year, becoming the worst growth among sporting goods companies, with annual profits rising only 0.3% to 1 billion 460 million yuan (RMB).

The same below, far from market expectations, management has clearly stated that orders for same store sales and the 3 quarter of this year will regress and gross margins will continue to suffer.

Earn more than 0.3% growth throughout the year.

Last year, the group's turnover increased by 7.3% to 4 billion 260 million yuan, earnings per share 25.8 points, and final interest and special dividend reduced by 24.6% to 9.76 points, except net days May 4th.

The company's gross profit margin was 59.7% last year, down 0.7 percentage points on a year by year. Due to rising costs and increased discount to customers, the company expects that gross margins will remain under pressure this year.

Sandrine, chief executive and executive director, said that the cost would be controlled by raising the unit price and negotiating price with the manufacturer.

Han Bingzu, chief financial officer of the group, said that the same store sales grew 2.4% last year. It is expected that the same store sales will fall this year, and the number of orders will decline in the third quarter of this year.

He stressed that this year is a year of group reform, and that retrogression is inevitable.

In addition, the company's Japanese business accounted for 14.4% of the total revenue last year. Han said that its main businesses in Japan were in Tokyo and Hokkaido. The Japanese supplier's headquarters in the disaster area suffered minor damage while the retailers were not affected by Japan's earthquake.

He stressed that the contribution of Japanese businesses to profits was less than 3%, and it is still difficult to assess the actual impact of events on the company.