An Zheng Fashion 2019 In The First Half Of Business Income Of 1 Billion 124 Million Yuan, Net Profit Increased 18.34%

An Zheng fashion (603839) released its 2019 half yearly report in August 16th, calling the company net profit of 192 million yuan during the reporting period, an increase of 18.34% over the same period, operating income of 1 billion 124 million yuan, an increase of 49.49% over the previous year, and a basic earnings per share of 0.48 yuan, up 17.07% over the same period last year. The company said that the increase in profits in the first half of the year was mainly due to the continued stability of the main business and the rapid growth of the ritual information business acquired by the company in October last year.


In the first half of 2019, the company invested 35 million 400 thousand yuan in research and development expenses, an increase of 36% over the previous year, accounting for 4.6% of clothing sales revenue. In April this year, the company set up a design and R & D center in Milan, Italy, and hired DiegoLazzaroni, a famous designer in Italy, to become the high-end designer of the nine main brand. Nine posture market performance continued well, online sales continued to accelerate, the first half of the number of brand stores 689, compared with the end of 2018, 3, gross profit margin 67.63%, an increase of 0.56% over the same period last year.


In October last year, a wholly owned subsidiary of Shanghai, the wholly owned subsidiary of an Zheng Fashion Co., Ltd. and its subsidiary subsidiary, Shanghai children's products (Shanghai) Co., Ltd. acquired a 70% stake in Shanghai's Li Shang Mdt InfoTech Ltd in cash. After nearly a year of adjustment, the positive fashion has shifted from the traditional brand of the offline store to the absolute core of the new retail companies.


In the first half of 2019, online sales of clothing business of the company's main business reached 162 million yuan, an increase of 40.91% over the same period last year. Li Shang information operates more than 20 famous brands at home and abroad, achieving sales revenue of 364 million yuan, an increase of 21.33% over the same period last year. The company's online sales have reached 526 million, accounting for 46.96% of the company's revenue. The rapid growth of new retail business has laid a good foundation for the company to remain vigour.


Our main business is independent research and development, production, sales and brand management of medium and high-end fashion brands. The company includes five fashion brands: Nine posture, "Yin Mo", "an Zheng", "Fei Na Chen" and "Mo Sha Ke". In the Greater China area, StellaMcCartney and StellaMcCartneyKids have established a "pyramid" brand matrix with mature style and distinctive market orientation. The company ranked the top 100 top 100 clothing companies in China in 2018, operating at fifty-ninth place, with a total profit of thirty-third and a profit margin of tenth.