Content net profit dropped Bacheng Recently

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Content net profit dropped Bacheng Recently

Postby onlylove111 » Tue Nov 14, 2017 1:43 am

Bosideng 2017 net profit down 80% to build self-support network
Content net profit dropped Bacheng Recently, Bosideng released 2017 annual performance report. And previously released the same profit warning, as of March 31 this year, the company's business income and net profit compared with the same period last year showed double-digit decline. Bosideng chief financial officer Mai Runquan said in a conference call on the morning of June 30 in the annual results conference that the reason for the decline was that the sales performance of the traditional down jacket before the Spring Festival failed to meet expectations. Due to the over-unity of the Group's products, Bosideng has started to implement the strategic layout of 'Four Seasons Products' in recent years. In this regard, Mai cheap luxury bags Run right that the future group will continue to increase the proportion of non-down jacket products. Bosideng has expressed confidence in future sales and performance due to the earlier introduction of new investors and partners. Revenue net profit double down Bosideng's main business is divided into three sections: down jacket business, OEM business management and non-down jacket business. Although the Group's OEM business grew in good chaussure nike air max 97 order with revenue up 36.5% YoY and contributed Rmb1.02bn to Bosideng, it still can not offset the decline of the other two major segments. Data show that in fiscal 2014 operating income of about 6.293 billion yuan, down 23.6%, net profit fell 81% to 1.32 billion. Bosideng said the main reason for the drop in business revenue was the still weak consumer market in the fiscal year, and the company adopted a strategy of first priority on inventory cleanup and optimization of retail network. In order to reduce inventories, the Group reduced the production of canada goose pas cher homme new products throughout the year. In order management, it strictly controlled the orders of distributors and matched orders based on market estimates, thereby reducing the backlog of inventories in the retail channel. From the inventory data, Bosideng down jacket inventories fell about 8.9 percentage points over the same period last year, reflecting the stock clearance achieved some success. Public information shows that Bosideng closed many inefficient outlets during the fiscal year. The total number of retail outlets of its down apparel business decreased by 5053 to 6599 as compared with the net as at 31 air max 2015 March 2014. In addition, Bosideng michael kors bags Men, Jesse and Mountaineers decreased by 25, 15 and 13 stores, respectively, a total of 5106 stores were reduced during the year. 'Of these closed stores, the direct sales stores reduced the number of stores by nearly 30%, but the sales of self-operated down products increased substantially by 23.6% to 6.8 million units.' Mai Runquan explained that this also reflects the direct sales stores Store efficiency has been significantly improved. As of March 31, 2015, the Group's own retail network accounted for 38.3% of the total retail network from 32.8% at the end of March 2014. In this regard, some market analysts said that for garment enterprises, direct sales model, in addition to higher gross profit margin, better access to the market, developing marketable products, I believe Bosideng is aware of this, so in Build your own network step by step to improve the operational efficiency of your business. Bosideng brand down jacket scarpe asics business in FY2014 remained the largest source of revenue for the group with a Sac de voyage femme revenue of 4.08 billion yuan, accounting for 64.8% of the Group's revenue. This proportion has decreased from 73.5% in 2013. Mai Runquan said that in the future this proportion will continue to decline. 'We want to sell clothes and products of all seasons in the Bosideng store.' 'Four Seasons,' attempting 'Four Seasons' by Max Run, started as early as 2010. As the Group's income structure is too single, and the seasonal down jacket, alternative strong, explore other areas down jacket main business for Bosideng is to reverse the 'decline' opportunities. It is understood that the current Bosideng non-feather plate mainly by Bosideng Men, Jesse, Mogao these three brands support, which Bosideng non-feather plate contribute the most is Bosideng Men. Bosideng 2014 interim results show that the men's business revenue of 112 million yuan, an increase of 16.4%. In women's clothing, Bosideng did not go well before the development last year announced the closure of its own women's brand Ruiqi. But at the moment, Bosideng will restart the project in this area. Botas cortas UGG 'We have reorganized our own team this year to do ladies, but it will not be fully rolled out, or an attempt.' Mai Runquan said that the current sales of women's brands have significantly improved the future does not rule out the form of cooperation through mergers and acquisitions or even Women's development. Bosideng's future goal is to become a multi-brand integrated apparel operator. In April, Bosideng announced that ITCSPC, a joint venture between ITOCHU Corporation's affiliates and Citic Securities, a unit of CITIC Securities, will enter into a subscription agreement with Bosideng through the investment of New Surplus, an indirect wholly-owned subsidiary of Bosideng Chairman Gordon. Allegedly, Bosideng plans to import a new brand, strengthen non-down business. According to Mai Runquan, Itochu owns 150 European and American brands in Japan. At present, the two sides are negotiating with several brands for cooperation. There is no concrete timetable for finalizing and launching the brand yet. Only the earliest substantive cooperation projects will be launched early next year. Allegedly, cooperation on Bosideng children's clothing and outdoor brands are more interested. Statement: The above Bosideng 2014 net profit down Bacheng gradually build self-network Content collected by the 'China Apparel Network Content Department' from the Internet, and have a clear source of the content of the source, if you disagree with the ownership of this article, please contact We, once verified, we will change immediately! page flip
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