CABBEEN Apparel Announced Last Year'S Net Profit Of Several Million Yuan

Mid February 2015, men's wear designer brand

Ltd. announces its 2014 full year performance in Hongkong.

In the performance report, the Group recorded a total turnover of about 1 billion 98 million 200 thousand yuan in 2014, an increase of 16.4% over the same period last year.

The increase in turnover is mainly driven by the increase in wholesale orders of distributors.

Annual net profit of about 235 million 500 thousand yuan, an increase of 20.6% over the same period.

The increase in net profit is mainly due to the increase in turnover, gross margin and other income, as well as the decrease in financing costs.

Earnings per share were RMB 0.33 yuan.

In 2014, the total sales volume of the group increased by about 20% to 6 million 600 thousand, while the total retail sales, including all the shops operated by distributors and self operated shops, increased by 10.1% compared to 2013.

In order to continue to improve the operational efficiency of sales channels, since August 2014, the group has begun to sell its products in a consignment market in specific markets.

As of December 31, 2014, there were 190 retail outlets operating on consignment.

On the retail network, the group had 1052 retail outlets in December 31, 2014 (including 9 self retailing shops), a net increase of 25 compared with 1027 in December 31, 2013, and retail outlets distributed in over 300 cities in the mainland of China.

As of December 31, 2014, 100

Counters, street shops and shopping malls accounted for about 42%, 38% and 20% of all retail outlets, respectively.

The group's retail network has strategically penetrated into China's two or three tier cities.

By the group's product quality and design skills, as of December 31, 2014, CABBEEN has established brand loyalty and accumulated over 240 thousand active VIP members.

According to the operating data obtained from the ERP system, the retail sales to the VIP members of the group accounted for more than 39.5% of the total retail revenue of the retail outlets and retail outlets operated by the distributors and the two level distributors.

Extended reading:

CABBEEN Fashion Co., Ltd.

CABBEEN costumes

The highest prize in design circles was created by CABBEEN, the winner of the Golden Summit Award in 1997.

The brand concept of "subversion popularity" has always been one step ahead of the individual fashion positioning and the insistence and dedication to original design, making today's Cabbeen a synonym for Chinese original designer brand menswear.

It is undeniable that nowadays CABBEEN clothing is in the leading position of Chinese fashion men's clothing industry, and it has also written many amazing pens in the fashion industry.

In February 2007, Cabbeen became the first Chinese designer brand to enter the fashion week of New York. With its brilliant design, Manhattan was impressed by the young designer and original designer brand from China.

And CABBEEN has also opened up a new page to create a world-renowned designer brand.