Lining'S Net Profit Increased 61% Last Year.

Lining (2331.HK) announced its annual performance as at the end of last year, with a net profit of 474 million yuan during the period, an increase of 60.6% over the previous year, a profit of 45.83 points per share, and a 7.96 interest rate at the end of the year, with a special interest rate of 9.13 points.

The total revenue during the period was 4 billion 349 million yuan, an increase of 36.7%.

By the end of December last year, the number of retail outlets increased by 1343 to 5676.

During the period, the core brand "Lining card" contributed to the sales performance, accounting for 97.6% of the total revenue, reaching 4 billion 244 million yuan, an increase of 34% over the same period.

The company's other brands include new mobile brand and AIGLE brand, which account for 2.4% of the total revenue, amounting to 104 million yuan.

In 07, the cost of sales rose to 2 billion 266 million yuan, 06 yuan to 1 billion 672 million yuan, and gross sales margin of the whole sales increased from 47.4% to 47.9% in 06 years.

The company optimizes the procurement system, improves procurement efficiency and adds reasonable pricing strategies to maintain the company's gross margin level.

The company expects to spend 200 million yuan on capital expenditure for 08 years. It is expected that retail stores will increase to 6100 this year, 09 to 6900, compared to 7700 in 2010 and 10 thousand in 2013.

Chen Weicheng, chief financial officer of the company, said that the same store sales increased 20% last year, so far, orders for the third quarter of this year have been full.