Deutsche Bank: BELLE'S International Performance Is Expected To Surprise Pat.
BELLE
In the first half of the fiscal year, sales increased by 10.9% to 18 billion 600 million yuan, while net profits rose 7.5% to 2 billion 80 million yuan.
During the period, the sales of BELLE footwear products increased by 6.6% year-on-year, while the same store sales growth recorded a decline in the number of units per unit, gross margins improved by 0.5 percentage points to 67.7%, branch profits dropped to 21%, and sports products increased by 16.8% in the first half of the fiscal year.
Sale
The growth rate was 15%, gross margin improved 2 percentage point to 41.9%, and branch profit increased 1.4 percentage point to 7.4%.
The bank means
BELLE
Net profit in the first half of the fiscal year accounted for 42% of the bank's annual earnings, close to 41% last year, and 35% higher than the bank's original estimate.
The rating is "buy" and the target price is 12.4 yuan.
- Related reading
- City Express | Autumn Comes "Early" &Nbsp; &Nbsp; Autumn Shoes Supply Slowly.
- Regional policy | Export Footwear Quality And Safety Demonstration Zone Unveiled In Shoe City Of China
- Attract investment | Footwear Exports In The First Eight Months Of Longyan Increased By 65% Over The Same Period Last Year.
- Glimpse of exhibition | 2011 Mexico International Fashion Fabrics Exhibition
- Industry perspective | Why Did The Textile Industry Die At Low Wages?
- Instant news | Pulandian Invested Millions Of "Packaging" Exhibition Service Exhibitors
- Power flow analysis | 2010 Fabric Trend Forecast For Jacquard Fabric In The Second Half Of The Year
- Power flow analysis | Designer'S Views On Children'S Clothing
- Innovative marketing | Clothing Agents Are Entangled: Brand Names Or Non Brand Names?
- Shoe Market | The Weather Is Getting Cold, And Sales Of Autumn Shoes Are Rising.
- PEAK Let Go NBA Hand In Hand WTA
- Anta Wang Meng Champion Flagship Store Held A Grand Opening Ceremony.
- 奥康喜获中国企业经营管理“全国质量奖”
- Wuhan Local Retail Bigwigs "Double Eleven" Embrace To Fight Back
- Carrey Stores In Chongqing Are Closing Their Tenancies.
- The Order Of Happy Birds And Leather Shoes Will Come To An End.
- Clothing Companies Push Online To Be More Brand Dealers.
- Huludao Launched The 20 New Policy Of "Defending War" In E-Commerce Industry To Attract Swimsuit Business Operators To "Phoenix Return Nest".
- A Good Bird With A Good Salary, Please Match Your Teacher To Create An Image For Your Customers.
- Shopping Center Opens Up Experiential Marketing Cards.