Bosideng Medium Term Profit Plunged 48.3%? Net Closed Shop 548

Bosideng International Holdings Limited released its interim results, such as the company's two weeks ago, describing the net profit plunged by 48.3% in the first half of fiscal year September 30th, down from 252 million 700 thousand yuan in the same period last year to 130 million 700 thousand yuan, and the earnings per share recorded a decline of 48.7% to 1.63 points, up 3.18 points in the same period last year.

During the period, Bosideng's revenue fell 10%, from 2 billion 849 million 500 thousand yuan in the same period last year to 2 billion 563 million 700 thousand yuan. As the group took the initiative to clean up inventory strategy in the last fiscal year, the gross profit margin of the down garment business was down. As of September 30, 2015, the gross profit margin of the group fell by 1130 basis points to 36.1%, and the operating profit rate also dropped by 560 basis points to 5.2%.

The weak performance decided that the board of directors of Bosideng decided not to send medium-term interest.

Boston company in the first half of fiscal year

The income of the down jacket business, the OEM processing management business and the non down jacket business were 1 billion 210 million 800 thousand yuan, 959 million 700 thousand yuan and 393 million 200 thousand yuan respectively, and 14.6%, 5.1% and 6.4% respectively, respectively, 49.8%, 35.5% and 14.7%, respectively.

Among them, the two largest feather clothing brands Bosideng and Xue Zhong Fei fell 7.3% and 5.6% to 963 billion 800 million yuan and 141 million 700 thousand yuan respectively, while the brand of KangBo fell 60% to 51 million 500 thousand yuan. The brand income of KangBo reached 128 million 800 thousand yuan in the same period last year, while the ice cream brand income increased 447.3% to 50 million 900 thousand yuan in the first half fiscal year.

As of September 30, 2015, Bosideng group

The total number of business outlets decreased by 548 to 6051 year-on-year, including 123 net to 2404 outlets and third to third outlets.

Self operated and third party distributors.

The proportion of outlets was 39.7% and 60.3% respectively.

The shares of Bosideng International Holdings Limited (3998.HK), Bosideng International Holdings Limited, were closed at HK $0.69 on Monday, with no ups and downs. The stock has fallen more than 33% so far this year and has issued two surplus police.