Goldlion Has A Net Profit Of HK $171 Million In The First Half Of This Year, With 100 Direct Outlets.

In August 16th, Goldlion group released interim results for the 6 months ended June 30, 2018.

Goldlion group's turnover in the first half of the year amounted to HK $783 million, an increase of 11.45% over the same period last year. The company's owner should account for a profit of HK $171 million, an increase of 16% over the same period last year, with a basic earnings of 17.42 Hong Kong cents per share, and an interim dividend of HK $6.5 per share.

Net profit of HK $171 million in the medium term

In the first half of the year,

The total turnover was HK $783 million, an increase of 11% compared with HK $703 million in the same period last year, mainly because the RMB exchange rate adopted during the period increased by about 5% compared with the same period last year, and the sales growth from domestic e-commerce business. There was no significant difference in other main business related turnover with the same period last year.

The gross profit margin for the period was HK $458 million, an increase of about 10% compared with HK $414 million in the same period last year, and the increase was roughly the same as that of the total turnover.

The gross gross profit margin was 58.5%, slightly less than 59% of the same period last year, about 0.5 percentage points.

In the first half of this year, the profit attributable to the owners of the group was HK $171 million, an increase of about 16% compared with HK $148 million in the same period last year.

If the fair value of investment property is excluded during the period, the net profit of HK $50,24 after tax is HK $120 million, an increase of about 14% over the same period last year of HK $106 million (net income after excluding the fair value of investment property, net income of HK $41 million 440 thousand after tax).

Market share of mainland China and Hongkong SAR is HK $611 million.

During the period, mainland China and

The overall turnover was HK $611 million, an increase of about 14% compared with the same period last year, and the increase in Renminbi accounts for about 8%.

In terms of self retailing business, the business in the period was generally stable. The turnover of self operated retail outlets calculated in Renminbi increased by about 2% compared with the same period last year.

The group's outlets recorded a sales growth of about 2% in Renminbi in the first half of the year.

However, as the gross profit margin of over season goods is relatively low, the overall performance of the business is not as good as that of the same period last year.

For comparable sales points, Guangzhou's performance was better, with an increase of about 10% and a decrease of about 8% in Chongqing. The group is reviewing the operation of Chongqing and making appropriate adjustments.

The final group's clothing products in China are sold at about 950 terminals.

About 100 of these sales outlets are operated directly by the group, including about 35 outlets.

During the period, group electronic business continued to be the main driving force for sales growth.

The sales volume is mainly for the sale of goods, and the sales share remains at about 90% level.

Sales of related businesses increased by 22%, while electronic commerce sales accounted for the strong marketability of special goods.

Sales also rose to about 34%.

In addition, the group will continue to expand the group customization business. The business aims to provide customized group uniform clothing products for domestic customers.

In the first half of the year, sales increased by RMB 114%, but the business was still developing, so the percentage of clothing sales in the group was less than 5%.

Rental income of property investment HK $73 million 204 thousand

There was no significant change in the company's investment portfolio at the end of last year, and business remained stable.

The fair value income of investment property recorded was HK $51 million 645 thousand, while the fair value gain for the same period last year was HK $4662, an increase of 10.77% over the same period last year.

The income mainly came from the investment properties in Hongkong, especially the Goldlion group center in Sha Tin. The total rental and property management fee income increased by about 4% over the same period last year, mainly due to the general increase in the rent level of the new lease since mid year.

The income of rental and property management fees during the period was HK $73 million 204 thousand and HK $18 million 43 thousand respectively, and the total amount increased by about 3% over the same period last year, mainly due to the RMB exchange rate in the period higher than that of the same period last year.

During the period, the Goldlion digital network building in Tianhe District, Guangzhou, was unable to fill the new tenants in real time after the original tenants moved out of some units, so the overall occupancy rate dropped to about 87%.

The rental income and property management fee calculated in Renminbi during the period fell by about 4% compared with the same period last year.

During the period, the leasing situation of the "Goldlion commercial building" in Shenyang Group continued to be healthy, and the overall occupancy rate remained at 100% level.

E-business is expected to continue to sell well in the second half of the year.

The Group expects that the business of domestic agents will develop smoothly in the second half of the year, and the group will also provide appropriate support to enhance sales. At the same time, the group does not rule out the recovery of individual underperforming agents.

In addition, the group's 2019 spring and summer quarterly booking meeting has just been held at the end of July. Preliminary data show that the order amount is roughly the same as that of the same quarter last year, and the relevant orders are expected to be shipped to the agents in the first half of next year.

And because of

The retail market has improved, and the group's self retailing and outlets business will benefit in the second half of this year.

The sale of electronic commerce is more concentrated in the second half of the year, so it is expected that the sales will continue to be good in the second half of this year.