100% Correction Performance: From Profit To Loss To 387 Million Yuan, Not 476 Million Yuan.

In order to clarify the 2018 annual performance report, and in the annual performance announcement issued in March 29, 2019, the company confirmed that the impairment loss of other intangible assets should be 185 million yuan (the same below), rather than 295 million yuan, due to the calculation error.

Therefore, the annual loss was corrected to $387 million from the original announcement of 476 million yuan, with a loss of 18.81 points per share.

The announcement clarified that the total revenue of the company decreased by 4.6% to about 2 billion 924 million yuan over the same period last year as of December 31, 2018.

Gross margin decreased by 10.2% to about 1 billion 673 million yuan.

The Group recorded a pre tax loss of 370 million yuan and a loss of 387 million yuan for the company owner.

The loss is mainly due to the impairment of the value of goodwill and other intangible assets.

In the year ended December 31, 2018, a net loss of other revenue and expenditure and other gains and losses was 303 million 400 thousand yuan, compared with net income of 67 million 400 thousand yuan last year.

Other income and expenditure, as well as other gains and losses, mainly include impairment of goodwill and other intangible assets, government subsidies, interest income on bank deposits and net earnings from remittances.

The decrease was mainly attributable to the impairment loss of goodwill and other intangible assets, which were 154 million 300 thousand yuan and 185 million 500 thousand yuan respectively.

According to the annual performance Bulletin released in March 29, 2019, in the year of review, there were 245 self operated shoe retailing stores and 39 third shoe shoe retail stores respectively.

The decrease in the number of self operated shoe retailers is mainly due to the expiration of certain authorized brand distribution agreements.

As of December 31, 2018, it operates 1417 self operated retail stores and 293 third party retail outlets in China.

The regional distribution of the shoe business retail store

The Group continues to further improve its retail network composed of online and offline stores, and strategically cooperate with retailers such as department stores, shopping malls and outlets to improve market share, to increase sales growth in each store and actively promote online sales.

According to the results of the report, the total revenue of toy retail business Hamleys rose 1.5% to 646 million in 2018, accounting for 22.1% of the total revenue.

Among them, Hamleys UK's comparable sales increased by 3.5% in the year.

As of December 31, 2018, Hamleys operates 158 shops, including 30 self operated retail outlets and 128 franchise stores.

At present, Hamleys operates in 18 countries in the world, and opened 41 new stores in the world in 2018, including 4 self operated retail stores and 37 franchise stores.

At the same time, Hamleys closes 12 stores including 6 self operated retail stores and 6 franchise stores.