The Company Is Committed To Creating A Sports Industry Group.

　　 Dear bird: 15 years of operation is expected to be at a steady pace, sports industry operation is worth looking forward to.

Guirenniao Limited by Share Ltd recently released its annual report 2014, which can be learned from annual reports. Last year, the company achieved operating income of 1 billion 920 million yuan, down 20.2% compared to the same period last year, and realized a net profit of 312 million yuan attributable to shareholders of listed companies, which was EPS 0.45 yuan, down 26.3% from the same period last year.

During the adjustment period, the revenue side declined. The company's "out of stock" adjustment cycle is slower than other main ones. Sports brand 。 The 14 year has become the main adjustment year, and the number of retail terminals has dropped by 9.7% compared with the same period last year, plus the inventory factor, and the year-on-year income fell by 20.2%.

　　 15 years of operation is expected to be in a stable position.

From the company's balance sheet, the company's operation has been controlled. From the order of spring, summer and autumn, the number of orders will increase. It is estimated that the company's 15 year operation will be in a stable position. The company's 15 year plan revenue grew by about 6.8% over the same period last year.

The cost side is relatively rigid, resulting in a slight decline in profits than the revenue side.

The 15 year operation of the two funds is worth looking forward to. The company is committed to building a variety of sports industry forms of coordinated development of sports industrialization group. The 2 billion industry fund, which is to cooperate with tiger tiger, is "going to sea by boat", which can effectively utilize tiger's industry and user resources. Central Europe Merger fund Focusing on the M & a target with mature profit model, the 15 year operation is worth looking forward to.

From the front of the company's order meeting situation, compared with the company's balance sheet, we can see that the company's business situation is becoming more stable. Forecast Ltd's 2015-2017 year EPS is 0.56/0.64/0.79 yuan respectively, and its current stock price corresponds to PE 63/55/45 times. Companies firmly build a variety of sport industry The coordinated development of sports industry group will strongly promote the development of related industries. The merger fund of China and Europe is expected to continue to merge related industries at home and abroad and continue to promote the development of industrial strategy. The industry fund will fully benefit tiger tiger industry, user resources and dual fund operation for 15 years. It is worth looking forward to, and continues to give the company a "overweight" rating.