XTEP Sold More Than $1 Million In Sales, And XTEP Made Nearly 400 Million In The First Half Of The Year.

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(2020.HK) on Wednesday, the company posted a median profit of 20%. The net profit in the first half of the year was 375 million 200 thousand yuan, up 20.9% from the 310 million 300 thousand yuan in 2017.

The company intends to send medium-term interest 10.5 Hong Kong cents to 24% annually, with a dividend yield of 54.5%.

1-6 months,

The income was 2 billion 729 million yuan, an increase of 18.1% over the 2 billion 310 million 800 thousand yuan in 2017, with a gross margin of 43.7% and a 20 basis point drop year by year.

Among them, footwear business income 1 billion 769 million 200 thousand yuan, an annual increase of 15.3%, accounting for 64.9%; clothing business income 901 million 700 thousand yuan, accounting for 33%, an annual increase of 24.1%.

The gross profit margin for apparel and apparel were 44.8% and 42% respectively, increasing by 50 basis points and 150 basis points respectively.

Ding Shuibo, chairman and chief executive of the company, said XTEP international is interested in the development of multi brands in recent years. It is looking for international sports brands to complement the existing brands and hopes to announce further news at the end of the year.

The average selling price of footwear and clothing is about $300 and $130-500. There is no planned price increase.

During the reporting period, XTEP's international operating profit margin increased by 100 basis points to 21.7%, while operating profit rose 23.6% to 592 million yuan.

Benefiting from the sustained strength of the sports industry, XTEP international increased its double-digit growth rate in the two quarter on the basis of double-digit growth in the first quarter of the same store, and increased to double digits in the second quarter, the first double-digit growth for the group's quarterly results in 2013.

The Fujian company said that the efficiency of the new decoration shop has increased by more than 10%, and since 2002, the first generation of "beacon shoes" has been launched.

Over millions of sales.

As of the end of June, XTEP has operated about 6035 stores nationwide, with 65% of the total new stores, and only a limited number of planned net stores. The growth of the total retail area is faster than that of the shops because of the larger area of the new store.

This year's plan has increased by 165 to 265 to 6200 to 6300. Ding Shuibo, the group chairman, said that it would close about 100 inefficient stores and open two or three cities and shopping centers.

Due to the improvement of the profitability of the exclusive agent, the receivable turnover days of the company decreased by 53 days to 113 days, but the inventory turnover days rose 37 days to 104 days.

On Wednesday, XTEP sports closed at HK $4.57, down 1.93%.