Virgin'S Underwear Vietnam Factory Will Replace Shenzhen Factory.

By reducing dependence on single customers and promoting the growth of new orders, Hongkong is close fitting.

And sports products manufacturers

The performance of International (Holdings) Limited (2199.HK) rebounded strongly in the first half of fiscal year, and net profit expanded by 3.1 times compared to the same period last year, which is stronger than the 2.5 times forecast of the first half of this month.

The founder, chairman and chief executive of Virginia hung Ho said at a performance briefing that after the secret reduction order of L, Brands Secret (s) Secret, Vitoria's largest client in the financial year, the management has realized that it should be too slow at the time, and promptly adjusted and expanded the customer base to diversify the risk of the Inc.. (NYSE:LB)

In the past year, the group has increased several world-renowned comprehensiveness.

The total number of new customers has increased by 30%, and the group is confident that it will continue to grow in the future.

According to the world clothing and shoes net, in the first half of fiscal year, virgin income increased by 30.9% to HK $2 billion 813 million 500 thousand per year, and the secret orders of Victoria 's Secret, Vitoria still account for more than 30% of the group's revenue, maintaining the proportion of recent years.

The largest business bra and underwear income increased by 34.6% to HK $2 billion 282 million 700 thousand over the same period, accounting for 81.1% of the group's revenue. The rapid growth mainly benefited from the steady recovery of some brand partner orders, the strong demand for Virgin brand products and the continued growth of sports chest sales.

The revenue of chest cups and molded products was HK $272 million, which was basically flat in the same period last year, accounting for 9.7%.

The income of functional sports products increased by 41.8% to HK $258 million 700 thousand, accounting for 9.2%.

In particular, the group mentioned that its innovative seamless technology has been recognized by the main sports brand partners and is being applied to sportswear, so the order of sportswear products has increased considerably, but this category currently accounts for only 2.6% of the group's revenue. Hong Yu said it hoped to increase its contribution to 10% within two years.

As of September 30th, Virginia's first two factories in Vietnam had 17 thousand employees, while the total number of high-tech demand products and R & D factories in Shenzhen accounted for 16 thousand.

Hung Yu Yi also revealed that Vietnam's two plant sales have been close to the 2/3 of the Shenzhen plant, which has created more profits than Shenzhen factories, and there will be room for improvement.

Yao Jiajun, chief financial officer of the group, explained that the turnover rate and labor cost of Vietnam were lower than that of China, and the factory was located in Vietnam's Singapore Industrial Park in Haiphong city for 15 years.

Vietnam's third and fourth factories are now under construction and are expected to be put into operation and trial production next year.

The first plant is expected to reach 40 million pre production capacity by the end of March 2018. The second plant, which has been commissioned in May 2017, is mainly used for the production of chest Cup products, the first workshop to produce bust and underwear, and the plant will replace the Shenzhen plant.

Third the factory concentrates on the production of chest circumference, underwear and functional sportswear, with an annual output of about 30 million pieces. The fourth workshop is positioned as "Sports City", mainly for the production of functional sportswear products.

In the first half of fiscal year, the net profit of Virginia doubled to HK $95 million 615 thousand from HK $23 million 244 thousand in the same period last year.

The board decided to issue an interim dividend of 2.5 cents per share, with a dividend payout rate of 32%, which was in line with the group's dividend payout rate of 30% over the same period. There was no dividend in the same period last year. Yao Jiajun pointed out that last year the group was just listed and its performance was poor.

2199.HK on Thursday, 30, closed at HK $7.57, down 0.13% on a day, and has risen 17.7% so far in 2017.

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