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The Increase In Red Bean Costs Leads To Double Income Reduction.

2010/4/10 10:34:00 38

The 09 year operating income of Hong Kong stock decreased and the cost increased, resulting in a decline in performance and a net profit of 25 million 800 thousand yuan in 09 years, down 41.7% from the same period last year.

Red bean stock

Published annual reports, 09 years earnings per share of 0.06 yuan, net assets per share 2.95 yuan, net assets yield 1.90%, total operating income 1 billion 53 million yuan, down 5.79% compared to the same period last year, net profit of 25 million 800 thousand yuan, down 41.7% over the same period; 10 shares to be 0.2 yuan.

The main business of the company is clothing, knitwear, textiles and so on. The impact brought by the financial crisis on the clothing industry is still alive. The company's 09 years' business revenue has been reduced, while its expenses have increased. The operating expenses have increased by 46% compared with the same period last year, and the financial expenses increased by 17.3% compared with the same period last year, which eventually led to the decline of the company's performance.

The company's future strategy is to focus on the main garment industry, focus on creating brand clothes with channels, vigorously implement the brand strategy pformation, and intensify the domestic market development.

According to the data, production and processing accounts for only 10% of the value chain or profit distribution of the entire textile and garment industry, while the rest of the 35% and 55% profits are obtained by brand and channel links respectively.

The company has a certain brand advantage, "red bean" brand suit was rated as "China famous brand" in 03 years. In 07 years, the company's shirts passed the reappraisal of "China famous brand" successfully, and won the "Chinese clothing brand" achievement award.

In 2010, the company focused on the development of red bean menswear brand chain Monopoly construction, strengthened various internal management, and comprehensively promoted excellent management to promote the company's work.

In 2010, the operating income plan was 1 billion 300 million yuan, the cost of control was 1 billion yuan, and the cost was 260 million yuan.

In the past 09 years, the company has increased the introduction of professional and technical personnel in research and development, and hired professional menswear designers from Hongkong and South Korea to further enhance their R & D and innovation capabilities.

In the aspect of marketing channel construction, we should continue to vigorously promote the brand development strategy of red bean and speed up the construction of chain monopoly system.

In terms of real estate, the company's holding subsidiary is speeding up the development and construction of the red bean home, and the Wuxi red bean International Plaza project opened successfully.

During the reporting period, the total cost of the red bean industry was 799 million 538 thousand and 200 yuan.

Wuxi red bean Real Estate Co., Ltd. achieved net profit of 12203199.63 yuan in 09 years.

The company announced in January 5, 2010 that Wuxi red bean home purchased a total of 1 billion 51 million yuan to win the right to use state-owned land in two plots of Donggang Town, Wuxi and Xishan, and the total area of land was 151 thousand and 200 square meters.

In addition, in order to facilitate the development and management of real estate projects, Wuxi Hongda Real Estate Co Ltd and Jiangsu Hongdu International Development Co., Ltd. jointly set up Wuxi red land estate, with a registered capital of 50 million yuan, of which Wuxi red bean invested 30 million yuan, accounting for 60% of equity.

Source: digging net