Xtep substantial increase in net profit 129% shoe industry boom of the trouble persists

China Suppliers


June 3 last year, before landing in Hong Kong Stock Exchange Xtep International (01368, HK) to investors yesterday released a brilliant report card last year, 1.29 times the company's substantial growth in net profit to 508 million yuan. Stimulated by the favorable performance yesterday afternoon Xtep International shares surged, and shot up to 2.17 Hong Kong dollars, the highest share of its half year high of the day the stock rose 9.5%, to close at 2.19 Hong Kong dollars.

    Step generous 345 million special dividend

    As of December 31, 2008, Xtep International same period in 2007 compared with net profit of 2.22 billion yuan, up 129% to 508 million yuan, profit of 26.84 points per share. aluminum notebook case

    Xtep annual performance report shows the company's total revenue last year rose by 110%, to 2.867 billion yuan, while gross margins of 32.5% from 2007 an increase of 4.6 percentage points to 37.1%. (Global Shoes Net) high-yield and gross margin are special steps for the international high-profit basis. Special step that the increase in revenue mainly due to positive during the company's brand and enhance the special-step strategic decision to expand the retail network caused by last year's Olympic Games, the company also brought a lot of opportunities for business growth. large hobo handbag

    It is noteworthy that the first year after listing, special step out of their generosity International. Chairman D wave that to keep the shareholders to share the results, the Board recommends a final dividend of 8 HK cents per share, while earnings per share is also an additional special dividend of 5 Hong Kong cents, the year the total amount of up to 345 million dividend, the annual payout ratio of approximately 68%.

    Plans to open 1000 stores this year

    On the one hand, special steps international performance is excellent, on the other hand, due to the listing of finance last year, also brings to the company and its abundant cash flow. Annual report, company cash and bank balances of 175 million yuan from 2007 surged to 3.079 billion yuan.

    Holding large amounts of cash, so that special steps to further expand the international clout full. It is understood that step last year, particularly an increase of 885 international retail outlets, as of end of last year, the total number of retail outlets increased to 5532. This year it is planned to open 1,000 new stores by the most.

    Xtep International, said the company plans this year open a total of about 800 to 1,000 by the third-party retailers, distributors and operators of special-step retail brands and other brands. Meanwhile, the company also plans to integrate about 300 ~ 500 Xtep brand and other brand retail stores, major retail stores these sites and enhance the store moved to downtown design and furnishings, etc..

    In addition, special steps this year will be in Xian, Shandong, Yunnan, Hunan, Beijing, Shanghai and Guangzhou and other major cities in the prime location to create about 15 special-step brand flagship store.

    Xtep International said that this year will be the Group's strong business foundation established an important year for distribution resource planning system is expected to cover 31 provinces, while the second half of the company sales and marketing departments will be moved to Xiamen, making Xiamen has become the company's headquarters.

 Sports leisure clothing enterprises are optimistic about

    This reporter learned that, in fact, in addition to other special-step international, listed in Hong Kong and other sports and leisure clothing brand last year's performance are pretty good. Has been published in the Annual Report of the sports and leisure clothing enterprises, most of the cases showed strong performance, in which Li Ning (02331, HK) net profit up 52.3% to 721.3 million yuan, Anta Sports (02020, HK) profit soared 66.38 percent to 8.94 billion, China Dongxiang (03818, HK) and 86.4% significant increase in net profit of 13.7 billion yuan.

    A joint securities industry analyst on condition of anonymity yesterday told the "Daily Economic News" interview, said that sports lifestyle apparel industry is in a relatively stable upward phase, (Global Shoes Net), said the bullish analysts the industry.

    It is understood that although the financial crisis on the economic impact is not small, but consumption growth is still good. Last year, total retail sales of social consumption of about 10.85 trillion yuan, representing an increase of 21.6% in 2007.

    The industry analysts believe that garment industry as a major heavy consumption first, their growth is generally more stable, while last year's Olympic Games held in Beijing, it is the national campaign increased awareness of this type clothing for sports and leisure footwear enterprises are favorable.