Brands Baini Road parent company’s net profit fell 18%

The brand of Baini Road, the apparel brand, has recently announced its 2012 fiscal year report. Although its operating income was HK$13.77 billion, an increase of 16% over the previous year, this year’s net profit was HK$930 million, compared to HK$1.13 billion in the previous year. , a year-on-year decline of 18%.
The brand of Baini Road, the apparel brand, has recently announced its 2012 fiscal year report. Although its operating income was HK$13.77 billion, an increase of 16% over the previous year, this year’s net profit was HK$930 million, compared to HK$1.13 billion in the previous year. , a year-on-year decline of 18%.

The company reported that the price of cotton has fallen from mid-2011 to the end of the year. Its value has lost more than 40% of its value since the end of the year, and due to the early purchase of cotton stocks at higher costs, the gross profit of this segment was negatively affected; Jia You also has a clothing retail business. Baleno is its major apparel retail brand. Due to the slowdown in domestic demand in China, and its profitability is affected by some competitors offering large price discounts; during the fiscal year, Tak Yong Jia Group only China added 177 new stores.

In the context of price wars and falling cotton prices, similar to De Yongjia, the performances of two major Chinese apparel listed companies, Semir and Smith Barney, are also not good. Summa Apparel's first-quarter report in 2012 said that total operating revenue for the quarter fell 15.8% year-on-year, from 1.57 billion yuan to 1.32 billion yuan, while net profit fell from 260 million in the same period last year to 160 million yuan, a decrease. It is 38.74%; the first quarterly report of 2012 released by the US state apparel company stated that the total operating income for the quarter was RMB 2.64 billion, an increase of 27.17% year-on-year, which was a lot less than the increase of 46.26% in the same period of 2011; its net profit was 16.9%. The increase is not the same as the increase of 1222.7% in 2011.

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