AOKANG Expects To Maintain Two Digit Growth This Year

< p > the company's revenue and net profit in the past 12 years increased by 16.50% and 12.22% respectively.

Net profit after deducting non profit increased 23.45% year-on-year.

In the fourth quarter, the single quarter revenue and net profit increased by 5.56% and -1.42% respectively.

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< p > the company's distribution and direct revenue increased by 14.52% and 51.25% respectively in the past 12 years.

The growth of distribution revenue mainly benefited from the extension of channels. In the 12 years, the number of outlets was 4355, representing a net increase of 320 over the 11 years, an increase of 7.93%.

And the growth of direct battalion revenue is bigger. Besides the channel expansion (part of which is expected to come from distribution to direct battalion), the rapid growth of online shopping has also played a very important role. In the 12 year, the company's online shopping business realized 218 million of revenue, an increase of 275.86% over the same period last year.

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< p > the company's operating capacity declined for 12 years, and inventories and accounts receivable increased by 22.19% and 64.77% respectively.

Among them, in addition to the increase in inventory due to the decline in consumption growth, the direct sales terminal sales rate, the rapid growth of direct channel has also led to an increase in terminal distribution.

The increase in accounts receivable is mainly due to the adjustment of the credit risk and the risk of accounts receivable. From the account age of accounts receivable, 99.54% is less than 1 years, so the risk is not great.

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< p > the company's revenue and net profit in the 13 quarter and the 1 quarter increased by 4.50% and 10.17% compared to the same period last year.

Revenue growth slowed down quarterly, slower growth, in addition to the overall retail environment recovery is slower, the first quarter of the national temperature continues to be low, the temperature slow down also affected the company cool < a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > shipments.

The growth rate of net profit is higher than that of revenue growth, mainly due to the substantial increase in gross profit margin caused by the increase in the proportion of company's direct revenue.

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< p > we expect that the company's performance this year is expected to maintain about two digit growth.

Although the adjustment of the consumption cycle will aggravate the industry competition and promote the industry reshuffle, we expect that the speed of the company's extension will slow down. But through the integration of the supply chain, including the upgrading and upgrading of the marketing network, and vigorously promoting the change of small shops, the strategy of integrating resources with distributors, and attracting new business models, the quality of channels will be effectively promoted to promote the growth of the company's performance.

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