There Are Surprises In The Second Half Of Erdos Cashmere Clothing Business.
The company realized total revenue of 4 billion 799 million 40 thousand yuan, up 55.88% over the same period last year, and realized a total profit of 632 million 330 thousand yuan and a net profit of 324 million 779 thousand yuan, up 903% and 1606.5% respectively over the same period last year.
ferrosilicon
Significant contribution
From the perspective of revenue and profit growth, the income of ferrosilicon increased by 81%, and the electricity revenue increased by 33%.
coal
The growth rate was 70%, and the income of calcium carbide increased by 29 times.
The reasons for the increase are: the price of ferrosilicon has increased significantly from the two quarter, and the output has also increased. Due to the cancellation of the high energy consumption preferential tariff in other regions, it is expected that ferrosilicon will continue to maintain a high profit situation in the second half of the year. The new power generation unit will increase at the same time, while the production of the ferrosilicon will increase when the generator is full load, and the growth rate will continue to remain high in the second half of the year. The new coal production will increase in the two quarter, and the price will also increase, so the coal business will continue to grow in the second half of the year.
On the whole, the above advantages will continue to be maintained.
Cashmere clothing business surprises in the second half of the year
We notice that the clothing business income of the company has dropped by 20.46% over the same period last year, but the gross profit margin has increased by 19.65%.
Cashmere
Business will bring surprises: the company intends to compress the low margin export OEM production and specialize in the domestic sales of its own brand; the strategic pformation of the apparel business has begun to take effect: from the cashmere garment manufacturer to the fashion brand enterprise, from the old agent sales to its own control channel pformation.
Because of the cyclical nature of our clothing business, we believe that cashmere clothing will bring surprises in the second half of the year.
In the next 3-5 years, the company will invest 7-10 billion in terminal channel construction.
Judging from the flagship stores currently built in Beijing and Shanghai, the company is confident that it will achieve billions of dollars in cashmere clothing business.
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