| uxuhvpso | Date: Thursday, 2013-10-10, 11:17 AM | Message # 1 |
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| Generally known as Chinas first sports brand Li Ning in 2012 to make a loss of nearly 20 billion yuan from the "bad" report card. Li Ning Group at this time released the 2012 Annual Report, the reporting period, the firm achieved operating revenue of 6.739 billion yuan, down 24.five percent; Gross profit was two.55 billion yuan, down 36.9%; profit attributable to equity holders decreased to a loss of 1.979 billion yuan, The 2011 annual profit of 386 million yuan Li Ning Group. For efficiency reasons for the decline, Li Ning side said, in aspect given that the firm reduced wholesale sales, accounts receivable and inventory provision, the implementation of reform programs and channels revival plan as well as other charges connected with restructuring of your charges. Despite Lotto, DHS along with other brands in the Li Ning Groups share enhanced slightly, but the frustration occupy 88% of Group sales Li Ning brand drastic decline, dragging down overall performance. Data show that Li Ning brand, Double Happiness brand, Lotto brand as well as other brands final year, sales were five.926 billion yuan, 543 million yuan, 109 million yuan and 217 million yuan, Li Ning brand and Lotto brand sales final year fell sharply by 27.4%, respectively, and 29.8%, of which only 079 million yuan profit Double Happiness brand. And efficiency synchronized downturn as well as Li Ning, the amount of stores. Reported 2012 Li Ning Group continued to implement closed shop policy, as of the reporting period, Li Ning brand traditional retailers, flagship shops, factory outlets and discount retailers a total of 6434, compared with 2011 net lower in 1821 reporting period, the price reached 22.06 %, the average daily off store five. Amongst them, the East, North, South, West 4 segments to minimize the number of retailers last year, 456,583,307 and 475, respectively, a decline of 18.74 percent, respectively, 21.76%, 20.56% and 28.79%. A neighborhood marketplace evaluation, told reporters that Li Ning Group in 2012 has been functioning to lower inventory, however the effect will not be clear. Data show that Li Ning Group in 2012 inventory was 920 million yuan, 213 million yuan greater than in 2011 decreased, but within the raw supplies, perform in progress and completed goods inventories had been greater than in 2011, respectively, 035 million yuan, 034 million yuan and 1.438 billion yuan, so the inventory turnover days also increased accordingly. Above analysts told reporters that in spite of 2012 Li Ning Group substantially closed shop, optimize channel, but nonetheless failed to produce up for the performance loss dilemma. 2013 still need to be adjusted, no less than in the very first half of this year will continue to face challenges. Li Ning Group Executive Vice President Kim Jin-jun said, "We will continue to promote a wider range of initiatives at the moment we count on within the short term, optimizing the number of stores, wholesale sales reduction will have an impact on the companys revenue, even so, with all the not too long ago implemented to improve channel efficiency and fast replenishment measures, the companys money flow will grow to be more robust foundation to achieve sustainable growth. "affected by the annual report, Li Ning Companys share price tag on March 26 fell 4.09 % to HK $ four.46 closed.
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