ESPRIT'S Parent Company Is Losing 1 Billion 773 Million HK Dollars For Half A Year.

On the evening of March 19th, the ESPRIT parent company announced that the group's revenue fell 15.84% to HK $6 billion 766 million compared with the same period in December 31, 2018, while gross profit fell 18.37% to HK $3 billion 471 million, and the profit attributable to shareholders fell 85.85% to 1 billion 773 million Hong Kong dollars in the same period.

It is noteworthy that this is already the loss of Si Jie global.

By the end of 2017, the interim results showed that the profits of the shareholders of the global group fell by 1663.93% from a year ago to HK $954 million.

In its annual earnings as of June 30, 2018, Si Jie continued to lose money, with a deficit of HK $2 billion 554 million during the period.

At the end of 2018, in order to reverse the loss of the global economy, the group announced its strategic plan for the next five years, which will introduce products that cater to customer preferences and brand positioning, streamline the company's workflow, establish a more streamlined corporate structure, and gradually eliminate strategic measures for loss making businesses.

It is estimated that by 2023, ESPRIT will add 220 stores in China.

As of the end of the reporting period, ESPRIT has set up 19 electronic stores, 495 retail outlets and 5264 wholesale outlets in over 40 countries.