Seven Wolves Last Year'S Revenue Grew 14.01% To 3 Billion 517 Million Yuan, A Record High.

According to the 2018 financial report core data released by the seven men wolves in April 3rd, the group achieved a total revenue of 3 billion 517 million yuan in 2018, an increase of 14.01% over the previous year, a record high.

During the period, the operating profit of the seven wolves was 463 million yuan, up 17.53% compared to the same period. The net profit attributable to the parent company was recorded at 346 million yuan, up 9.38% from the same period last year.

As well as the net profit attributable to shareholders of Listed Companies in the group period excluding non recurring gains and losses is 206 million yuan, an increase of 17.30% over the same period, and a basic earnings per share of 0.46 yuan.

At the same time, the net income of seven wolves in 2018 exceeded 1 billion 400 million yuan, an increase of 10% over the same period, significantly lower than 30% in 2017 and less than half of the overall growth of the industry.

In response, the group said that the increase in earnings was due to increased inventory clearance and lower costs, as well as the rapid growth of electricity supplier and needle spinning business during the reporting period. Meanwhile, the group also strengthened the operation of e-commerce channels, and online performance increased at a faster pace.

After the release of the earnings report, the price of the seven wolves rose 1.43% to 7.81 yuan, and the market value is about 5 billion 900 million yuan at present.

It is reported that the seven wolves group is currently mainly engaged in the design, production and sale of "seven wolves" brand men's clothing and needle spinning products, including shirts, Western-style clothes, trousers, jackets, sweaters and men's underwear, underwear, socks and so on.

In addition to the core brand of seven wolves, the group also owns 16N, Wolf Totem and French light luxury brand Karl Lagerfeld in the Chinese market.

It is understood that the seven wolves bought Karl Lagerfeld Greater China Development Limited for nearly two years. At that time, the seven wolves spent 320 million yuan to acquire 80.1% stake in Karl Lagerfeld Greater China Development Limited from Hongkong entrepreneur Cao Qifeng.

On the one hand, we want to use the golden lettered signboard of the old Buddha to move closer to the international corporate image, and on the other hand, we should enrich our brand portfolio and move closer to the goal of the seven wolves fashion group.

However, Karl Lagerfeld Greater China Development Limited is still losing money.

You know, Karl Lagerfeld Greater China Development Limited's operating income in 2018 was about 31 million 390 thousand yuan, but it still lost about 40 million 140 thousand yuan.