Lining Posted A Profit Of 113 Million Yuan In The First Half Of The Year.
Lining
(02331.HK) the interim results of the company's performance as at the end of June showed that the profit earned 113 million yuan (the same below), 29 million 407 thousand yuan in the same period last year, and 5.16 points per share (3.11 of the basic earnings per share from continuing operations).
During the period, the proceeds from continuing operations amounted to 3 billion 596 million yuan, up 12.8% year on year, and gross profit of 1 billion 678 million yuan, up 16.4% annually.
Gross profit margin was 46.7%, compared to 45.2% in 2015.
The increase in gross profit margin was mainly due to the increase in sales of new products with higher gross margin.
Even if incomes rise year by year, operating capital is still down 8%.
The cash cycle is shortened by 15 days.
As of the first half of this year, operating cash flow doubled to 346 million yuan.
In the first half of the year, the overall channel sales volume of online and offline sales recorded a low double-digit growth. The overall sales volume of the same store sales increased in the first half of 2016, while the new product sales rate continued to rise, rising by 2 percentage points.
Sales of new products increased, especially in direct retail business, which led to a retail discount rate of over 2 percentage points.
Lining card
footwear
In the first half of the year, the income was 1 billion 828 million yuan (15.3% per year).
clothing
The income was 1 billion 538 million yuan (14.3% per annualized), and the income of equipment and accessories was 186 million yuan (down by 5.3% per Annex).
In June 30, 2016, the total provision for inventories was 177 million yuan. Compared with December 31, 2015, the original stock value of the end of the stock increased, resulting in a slight increase in the total inventory provision.
Lining pointed out that to maintain the 300-500 target of the planned net sales increase in 2016, we must maintain the cost control and continue to enhance the company's profitability.
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