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PEAK Continues To Expand Its Retail Outlets To Achieve Substantial Growth In Turnover

2010/9/13 10:31:00 76

September 13th,

Peak

Sports products Limited released the first half of 2010 performance report, as of June 30, 2010, the first six months of this year, PEAK sports net profit of 347 million yuan, an increase of 29.6% over the same period in 2009, net profit margin of 19.2%.

PEAK Daily reported that, as market demand increased, the company continued to expand its distribution network.

Turnover

Substantial growth in the first half of the year amounted to 1 billion 809 million yuan, an increase of 33.3% over the previous year, with gross profit of 681 million yuan, an increase of 31.8% over the same period in 2009 and a gross margin of 37.7%, down 0.4 percentage points over the same period last year.

Among them, due to the increase in direct labor costs during the period, the increase in clothing production costs is slightly higher than the increase in the price of products.

And the decline in gross profit margin of clothing products offset a slight increase in gross margin of footwear products, so the gross profit margin declined slightly during the period compared with the same period last year.

The Peak Sport Products Co Limited was officially listed on the main board of the stock exchange of Hongkong in September 29, 2009. The first public offering price was set at HK $4.1 / share, with a total fund raising of about HK $1 billion 700 million.

According to the China Daily, equity holders should account for 347 million yuan in the first half of 2010, an increase of 29.6% over the same period last year, and the basic and diluted earnings per share were 16.52 yuan and 16.51 yuan respectively.

The resolution of the board of directors sent a medium-term dividend of HK $7 per share and a dividend payout ratio of 37%.

During the period, the number of authorized retail outlets of PEAK has increased from 6206 at the end of 2009 to 6796 (including 28 basketball theme shops). The average area of each network has increased from 70.4 square meters in June 30, 2009 to 74 square meters in June 30, 2010.

According to PEAK's latest plan, the company will increase 1000 PEAK authorized retail outlets by the end of 2010, and strive to increase the average area authorized to operate retail outlets from the current 74 square meters to 80 square meters.

PEAK said that the continuous expansion of retail outlets is the need for brand development and market expansion. Increasing the business area of new outlets can show more PEAK new products and better meet consumer demand, as PEAK's brand image improves, PEAK theme.

Exclusive shop

Upgrading is also necessary.