Goldlion Group Profits Fell 4.5% In 2015

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Goldlion Group Limited is a Hong Kong listed companies, which includes apparel and apparel production, retail and property development.

Goldlion Group Co., Ltd. is headquartered in Hongkong, China, and has established branches in mainland China, Singapore and Germany to make the business develop in an all-round way.

The slogan of "Goldlion men's world" is well known in China and its brand influence is enduring.

Goldlion group's business includes clothing and apparel production and retail and property development.

It includes men's business dress, casual wear, underwear, sweater, leather goods, leather shoes, leather bags and so on.

Hongkong Goldlion group recently announced that its profit for the year ended December 2015 was HK $402 million, down 4.55% from last year.

Excluding the average net income of investment property within the year, the net profit after tax is HK $155 million, and the annual profit is HK $247 million, down 3% from the same period last year. If the exchange loss is excluded, the profit will increase by 5%.

The group has a market value of HK $2 billion 900 million.

Last year, the group's turnover fell by 2.05% to HK $1 billion 510 million, a decline in clothing sales in China and Singapore.

The gross profit margin of the group is about 60%, an increase of about 4.3 percentage points.

The performance report points out that the Group expects this year

Sales will be greatly affected, and the wholesale business to be sold to agents is the most significant.

In addition, the group's autumn and winter quarterly booking meeting has just been held in early March. Preliminary data show that the order amount is only slightly lower than the same quarter last year, reflecting the confidence of agents has bottomed out, and the relevant goods will be shipped to the agents in the second half of the year.

Since the domestic retail market is still in a period of adjustment, the group's self retailing and outlets business will be difficult to break through this year.

On the other hand, in the year group

The sales have achieved initial results, and it is expected that with the rapid expansion of online sales, the rapid growth of business will continue.

In view of the fall in the number of stocks in the group over the season, the business will increase the proportion of sales of special goods to ensure sustained growth.