Li Feng Group Has Done Well In Its E-Commerce Business.

It is obvious to all that the market is bad. As a retail giant of Hongkong, Li Feng Group recently released its 2015 full year financial report. Apart from other Hong Kong businesses, the group also showed a drop in profits, and made some affirmation of the rise of the electricity business.

In the year ended December 31, 2015, the total turnover of Li and Fung was $18 billion 831 million, compared with the 2.4% decline in the 2014 fiscal year, mainly due to the strength of the US dollar and the weak macroeconomic situation.

And it is also involved.

The slowdown,

In terms of profits, Li Feng also had a 2.8% decrease, and garment consumption accounted for 62% of category income.

The core operating profit of the group was $512 million, a decrease of 15.2% compared with the previous fiscal year. However, the decline in the first half of the year was only 20%, and the core profit margin decreased from 3.1% to 2.7%.

Net profit fell by 4.6% to 421 million dollars.

Group CEO said that when the overseas business was frustrated, the growth of e-commerce business was not affected. At the same time, for the long-term interests of the group, it would actively expand its relationship with the partners in the mainland market.