Lining Group 2012 Revenue In The First Half Of 3 Billion 880 Million, Down 9.5%
Lining
Zhong Yiqi, chief financial officer and executive director of the company: the income of the group in the first half of 2012 was 3 billion 880 million, down 9.5 percentage points from the same period last year, mainly affected by the overall economic environment and the industry environment, coupled with the further slowing down of the development of China's sporting goods industry. Therefore, the group voluntarily reduced the shipment to the distributors and reduced the pressure on the channel inventory. On the other hand, the group also took the initiative to recover some old stocks from the distributors, so as to speed up the cleaning up of the inventory at the retail end.
Gross profit fell by 15.5%, mainly due to intensified market competition, and the comprehensive discount rate of retail outlets continued to rise.
The receivables were increased by about 45 days over the same period last year, mainly because of the group
Distributor
Give more support.
Stock turnover days increased by 13 days, mainly due to returns and lower futures execution rates, as well as increased inventories of finished products.
The internal fund increased by 21 days. On the whole, the overall turnover rate increased by 47 days, which has a great impact on the group's cash flow. The group is actively taking measures to improve the cash situation thoroughly.
As the company focuses its efforts on improving channel construction, strengthening channel efficiency, and selling through factory shop discount stores, it speeds up the inventory clearing of retail terminal and optimizes the terminal inventory structure, so that channel inventory can be restored to a healthy level as soon as possible.
Executive vice president of Li Ning Co
Jin-Goon Kim
To cope with the more severe environment in the industry and avoid new inventory pressure, according to the results of the 2012 annual orders and the current business environment, the management expects the year-on-year income in 2012 to be negative year-on-year.
In addition, while we are actively dealing with the realistic business environment, we have made a series of short-term profits and financial support adjustments for long-term sustainable development, and we can not avoid some pressure on short-term profits. Management expects 2012 of the rights holders to account for losses. But we are confident that the current management reform and strategic adjustment will enhance the core competitiveness of the future.
- Related reading
FINL, A High-End Sports Shoes And Clothing Retailer, Is A Partner Of Messi Department Store.
|- Daily headlines | 温州动车事故遇难者赔偿救助标准为91.5万元
- Web page | 如何创建和打造品牌
- Stock school | 港股知识 投资港股的优势
- Financial Dictionary | 什么样的个股买进后短线能获利
- Financial Dictionary | The Best Way To Invest In Amateur Investors In Securities Market
- International Data | 越南海关将地毯列入管理价格风险清单
- Domestic data | Pakistan'S Textile Exports Increased By 35% In The Last Fiscal Year.
- Daily headlines | The Sixteenth China Fashion Show Will Be Held In Osaka, Japan.
- Market prospect | Sichuan Textile Enterprises Shutdowns Increased
- Financial Dictionary | 庄家何时炒作最有激情
- Exports Of Footwear Trade Suddenly Rose In The First 8 Months Of Jiangsu Province.
- Management Of Marketing Personnel In Garment Enterprises
- 涤棉面料市场畅销
- 1-9 Months, Exports Of Shoes And Garments In Wenzhou Increased Significantly.
- Strategic Objectives And Strategy Implementation Of Clothing Marketing
- In September, Some Textile And Footwear Exhibitions In China Encountered Cold Weather.
- General Situation Of Social Responsibility Construction Of Footwear Enterprises
- Quanzhou Shoes And Other Manufacturing Industries Have Access To Financing Facilities.
- Sales Of Yarn Dyed Fabric Increased And Demand For Sticky Fabric Decreased.
- 奢侈品在二线城市发展迅猛