In The First Half Of Next Year, Changxin International Has Officially Launched Its Own Children'S Wear Brand.

　　 Changxin International Li Weiliang, chief financial officer, pointed out at the press conference. Children's wear Since its opening in the second half of last year, the company has opened 19 stores, of which 13 are single brand stores and 5 are multi brand concept shops, covering China, Hong Kong and Macau, and will focus on existing branches for a while, but still discuss with different shopping malls.

He pointed out that the company now represents 9 children's wear brands, will continue to negotiate more in the future, will continue to focus on high-end brands, but there is no new announcement, but the company will officially launch its own children's wear brand in the first half of next year, which is designed by Korean designers, and will cost millions of people. At present, the unit price is about 1000-1500 yuan, while the private brand is expected to be about 1000 yuan.

He also pointed out that the development of children's clothing is optimistic because its market share is gradually increasing. It is expected that this year's children's clothing business will account for double-digit income.

Since 2014, the group has started to expand children's clothing business, and has obtained 10 children's wear brand agents, including Diesel Kids, Paul Smith Junior, Roberto Cavalli Junior, Fendi Kids, etc., and opened 13 children's wear brand stores in 2015, located in Hongkong, Macao, Shenzhen, Chengdu and other places.

As far as Men's wear In this regard, there will continue to be clear inventory operations this year. We expect the gross profit margin to be depressed, but the stock days will drop from more than 800 days to 576 days in June. At the same time, we will continue to integrate the branches, and will close down the less profitable shops. The end of the year will maintain the current 214 level.

He pointed out that at present, the group's financial position is steady, and its cash holdings amount to 300 million yuan. This year's capital expenditure is expected to be less than that of last year's 20 million yuan.