Bosideng Released Interim Results Share Price Rises, Gratifying Results

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< p > Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited released 18 days later "a href=" //www.sjfzxm.com/news/list.aspx "Classid=101112107108" > interim results < /a >, the income in the first half of fiscal year September 30, 2013 slipped 8.8% to 2 billion 809 million 200 thousand yuan, gross profit margin rose 380 basis points to 49.4%, net profit rose 3.1% to 326 million 100 thousand yuan, or 4.10 yuan per share.

19 days ended, Bosideng shares rose 4.23% to HK $1.48.

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According to the Department, in the first half fiscal year, the Bosideng International Holdings Ltd (HK:3998) Boston down clothing business income amounted to RMB 17.563 yuan, a decrease of 4.7% compared with the same period last year, which accounted for 62.5% of the total income of the group.

The number of brand down clothing sales is 6 million 530 thousand, including the four seasons product of the brand down garment, which is a slight increase of 0.4% over the same period last year.

Benefiting from the implementation of the group sub brand strategy, the sales volume of Bosideng brand increased by 12.6% over the same period last year.

In the first half of fiscal year 2014, the number of group stores decreased by 344 to 12665, and sales area increased slightly by about 5.1%. The group made use of the off-season to sort out and adjust the channels, with the net sales of the third party dealer outlets decreasing from 1042 to 8870 during the period.

The number of self operated outlets increased by 698 to 3795, and self owned outlets accounted for about 30% of the total retail network.

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< p > in the first half of fiscal year, Bosideng a href= "//www.sjfzxm.com/news/list.aspx Classid=101112107105" > OEM processing < /a > management business income amounted to RMB 653 million 400 thousand yuan, a decrease of 12.9% compared with the same period last year, which accounted for 23.3% of the total income of the group.

The decline in OEM revenue is mainly due to the slow economic recovery in Europe and America and the competitive pressure from Southeast Asian countries.

Bosideng said that the production of OEM processing business has been basically completed in the first half of the year, with 11 existing customers, mainly famous brands in the United States. The income from the top five customers accounts for about 72% of the income of the OEM processing business.

Facing the slowdown of export business and the gradual pfer of OEM processing business to some Southeast Asian countries, Bosideng opened up a new direction of business development this year. The group has cooperated with a famous retailer in Europe, and sells its Boateng brand down products in Germany and other places through its sales platform.

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< p > > a href= "//www.sjfzxm.com/news/list.aspx? Classid=101112107102" > Bosideng group < /a > non feather down business department revenue in the first half of the fiscal year was 399 million 500 thousand yuan, a decrease of about 18.1% compared to the same period last year, accounting for 14.2% of the total income of the group.

During the period, the brands have been closed down to operate undesirable outlets. Taking into account the downturn in the market, the opening up strategy is more conservative.

As of September 30, 2013, the number of non down clothing stores decreased by 159 to 1267.

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< p > e-commerce is a highlight of Bosideng's mid term performance. Revenue in the first half of the fiscal year increased by 71% to 49 million yuan.

Bosideng said its Tmall platform sales ranked first in the category of down garments.

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In the first half of fiscal year P, Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited lost 1.1% to 1 billion 387 million 100 thousand yuan in gross profit, operating profit fell 19.5% to 343 million yuan, and the operating profit margin dropped 160 basis points to 13.8%.

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