JEANSWEST Sells Hemostasis Parent Company's Profits All Depend On Investment Enterprise Bonds.

Affected by Jeanswest's JEANSWEST business losses in China,

Net profit increased by 0.12% in the first half from HK $38 million 575 thousand to HK $38 million 620 thousand.

In the 1-6 month, the revenue of China's retail business declined by 8.64% to HK $707 billion 500 million, compared with HK $774 million 400 thousand in 2017. During the period, the group's retail branch operating loss was HK $35 million 434 thousand, compared with HK $25 million 75 thousand in the same period in 2017.

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Earlier this month, sunrise group announced that it would sell the mainland's retail brand business to major shareholders of the group, founder Yang Zhao and Yang Xun brothers, instead of focusing on profitable interior decoration businesses and brands in Hong Kong, Macao and Southeast Asia.

The trading announcement is very sad. Asahi group said that despite the past few years, the group has made the product supply more flexible and accurate by restructuring the retail network and improving the efficiency of the supply chain.

Promote more resources and publicity; launch online business to catch up with China's expanding business.

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However, as the market competition is becoming more intense, the rise of the electricity supplier has hit the store business. Until now, JEANSWEST is hard to attract customers only by its reputation of "value for money".

Therefore, all efforts of the management did not bring substantial improvement to JEANSWEST's mainland business.

At present, Glorious Sun Enterprises Ltd. (0393.HK)

The retail business of China Limited is operated by wholly-owned subsidiary Glorious Sun Enterprises (BVI) Limited (hereinafter referred to as GSEL), while GSEL and the group have a decoration agreement. After the group sold GSEL GSEL to Yangdi brothers holding Jing Hong Limited company for HK $800 million, GSEL still had an agreement with the rising group for 148 million years and 156 million HK dollars in two years after Ming.

As the sale of mainland retail business received HK $31 million 333 thousand net income, the mid-term dividend payout rate of the sun group was close to 100%, and that of the 2.50 Hong Kong cents was similar to that of the mid EPS 2.51.

The group also paid 2.50 Hong Kong cents in the same period last year, which also benefited from the HK $89 million 597 thousand gain from the divestiture of Jeanswest (BVI) Limited in Australia and New Zealand.

In mid May, Lin Zhengyuee, chief executive of the Hongkong Special Administrative Region, visited the headquarters of sun rising group Huizhou headquarters in China with Yang Zhao (front row left 4) and Yang Xun (front row right 3) brothers.

Group refers to 1-6 months.

Retail sales recorded a decline in figures, gross margins continued to suffer, and overall performance was disappointing. Therefore, the sale of the business is a forced act.

During the reporting period, Quiksilver Glorious Sun, the extreme brand business, contracted to 7 stores in Hongkong and the mainland due to bankruptcy of US companies, with negative sales and profit margins.

As of the end of June, the group's retail brand business had operated 1164 stores, compared with 1658 in 2017, a net decrease of 494, the number contracted 30%, of which 867 franchisees, compared to 1010 in 2017.

Despite the shadow of the trade war, the export business rose by 26.51%, from HK $230 million 100 thousand to HK $291 million 100 thousand, accounting for 21.21%, and the decoration business fell by 8.68% to HK $289 million 300 thousand per annualized year.

The two businesses recorded a total operating profit of HK $12 million.

In the first half of the year, the main profit of sunrise group came from "sideline production". The acquired Asset Management Co brought HK $71 million 626 thousand operating profit to the group, up 32.6% over the same period last year.

The group's current financial investment business is still dominated by high interest bonds.