Bosideng's Down Jacket Income And Annual Profit Or Fall.

Bosideng International Holdings Limited has recently issued a profit warning. It is expected that in the current fiscal year ending March 31, 2015, the income of the down garment business and group net profit will be significantly lower than that in the 2014 fiscal year.

among Down Jackets The decline in business revenue was mainly due to the fact that the sales season was not ideal before the Spring Festival sales this year. In addition, the group took inventory clearance as the primary objective this year. price 。

However, the group said it expects the cash flow in the current fiscal year to improve and return to positive numbers.

In the first half of September 30, 2014, Bosideng Net profit It fell 22.5%, from 326 million 100 thousand yuan a year earlier to 252 million 700 thousand yuan, and earnings per share dropped from 4.10 yuan to 3.18 yuan. Revenue rose slightly by 1.4%, from 2 billion 809 million 200 thousand yuan to 2 billion 849 million 500 thousand yuan in the same period last year.

In the first half of the year, the sales of down garments were only 1 billion 418 million 400 thousand yuan, down 19.2% from the same period last year, accounting for 49.8% of the group's total revenue and 8.2% down to 6 million brands.

During the period, Bosideng implemented the closing shop plan. The number of total retail outlets decreased by 3436 to 8216 in the last fiscal year ended in March 31, 2014, and the sales area decreased by 18.7%. The sales point reduction mainly focused on third party distributors. During the period, the sales outlets of this category decreased by 3132 to 4697, and the self operated outlets also had 304 to 3519 outlets.

In the downturn of down garment sales, Bosideng OEM business grew by 54.8% to 1 billion 11 million 200 thousand yuan in the first half, accounting for 35.5% of the group's total revenue. The sales of non down wear business increased by 5.1% to 419 million 900 thousand yuan in the first half, accounting for 14.7% of the group's total revenue, and the non down garment business was also closed to 114 outlets to 1049.

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