China'S Anti Corruption Operation Is On The High Side, "Peak Group" Shrinking In The Three Quarter

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< p > in the 10-12 quarter of 2013, the CompagnieFinanci quarter reRichemontSA (CFR.VX) < a href= "http://sjfzxm.com/news/index_s.asp" > the "peak group" /a > income increased by 2.8% to 2.8% euros, to 2 billion 940 million euros, less than the comprehensive forecast of Bloomberg 3 billion 50 million euros, excluding the exchange rate floating factor, the revenue growth was 9%, unchanged from the first half of the year, and also improved by 5% compared with the same period in 2012.

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< p > CompagnieFinanci > reRichemontSA (CFR.VX), the peak price of the company was released after being released, and opened 4% in January 16th.

At the time of the deadline, CompagnieFinanci e reRichemontSA (CFR.VX) fell 3.32% at 9:10 Swiss time at 85.80 Swiss francs.

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< p > the largest market in the Asia Pacific region has a total sales volume of 1 billion 131 million euros, an increase of 1.3% over the previous year, an increase of 6% under the constant exchange rate, less than 8% of the market forecast, but it has improved over the first half of 4%. The group points out that mainland China is the only market with shrinking sales in the region.

Tourist consumption continues to drive sales in Europe and the Middle East, with sales reaching 1 billion 83 million euros, achieving a 7.1% growth, an increase of 9% at a constant exchange rate, an increase of 6.2% to 480 million euros in the Americas, less than a href= "http://sjfzxm.com/news/index_s.asp", a constant exchange rate of less than /a, 12% increase, and a strong demand for jewellery in the region. The group's luxury e-business Net-a-Porter business is also booming. Japan's sales decreased by 12.8% to 245 million euros compared with the same period in 2012, and the effect of the exchange rate was 13% growth.

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< p > retail channel sales totaled 1 billion 660 million euros, up 6.8% from 1 billion 554 million euros in the same period of 2012, an increase of 14% at constant exchange rate, 11% faster than the first half of the year, and 1 billion 281 million sales of wholesale channel, 2% regression, mainly reflected in the cautious sentiment of business partners in the Asia Pacific region.

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Analyst P ReyWium told Bloomberg interview: "there is also a reduction in inventory in the world, especially in Asia, which shows that retailers are still very anxious about the future." RenaissanceCapital

There are no signs of cooling in China's anti-corruption action. The Chinese President, a href= "http://sjfzxm.com/news/index_s.asp" > Xi Jinping < /a > in January 14th, emphasizes that it will keep the high pressure on the punishment of "a href=" http://sjfzxm.com/news/index_s.asp "> /a >.

ReyWium said: "we thought that retailers would start to resume inventory in the second half of 2013, but now it looks as though they may have to wait until the first half of this year."

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< p > the sales volume of the brand jewelry department with Caritier < a href= "http://sjfzxm.com/news/index_s.asp > > Cartire < /a > VanCleef&Arpels" a href= "http://sjfzxm.com/news/index_s.asp" > Van Cleef & Arpels "/a" and so on increased by 3% to 1 billion 521 million euros, increasing 10% under the constant exchange rate, exceeding 9% in the first half of the year.

The professional watch production department sold 817 million euros, an increase of 4.2% over the same period in 2012, but it slowed sharply compared with 8.77% in the first half.

Montblanc MontBlanc sales decreased by 3.5%% to 219 million euros compared to the same period last year.

Other sectors (including Chlo, Lancel, Lancel, fashion and leather brands) sold 384 million euros, an increase of only 2.67%, compared with 6% in the first half of this year, of which business growth continued to be ahead of the group average.

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< p > up to December 31, 2013, the net cash flow of CompagnieFinanci Jin reRichemontSA (CFR.VX) group was 4 billion 300 million euros, compared with 3 billion euros in 2012.

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