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China'S Annual Net Profit Plunged 93%&Nbsp, And This Year The Situation Is Still Grim.

2012/3/28 18:44:00 26
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Elimination Of War Chen Yihong Provision For Impairment


According to Hongkong daily news, the mainland sports apparel market is in trouble.

Elimination war

China's trend (3818) mainland sales plunged 41.9% to 2 billion 120 million yuan last year.

In the same period, the total repurchase of the total inventory of 1 billion 450 million yuan to dealers was 93%, to 102 million yuan.


Chairman of China trend

Chen Yi Hong

It is pointed out that there has been no significant improvement in the mainland's sports apparel market this year. The situation is still grim, and the pressure on the stock market is still heavy.


Last year, sales fell by 36% to 2 billion 740 million yuan, and sales from Japan increased by 1% to 630 million yuan.

The overall gross profit rate dropped by 4.7 percentage points to 55%.


During the period, Kappa brand sold 8 million 450 thousand garments and 2 million 600 thousand pairs of shoes in the mainland, down 54.1% and 43.4% respectively.

The average price of clothing increased by 2.5%, while shoes dropped by 3.3%.


As the market is not optimistic, the group held 220 million yuan at the end of last year.

Provision for impairment

。


No dividend payment was made, and the dividend payout rate was 2.78 points in the whole year, 84.6% less than in 2010.


 
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