chinadaily.com.cn
    left corner left corner
    China Daily Website

    Peak's net profit drops 60 percent

    Updated: 2013-03-12 21:22
    By Tang Zhihao ( chinadaily.com.cn)

    Hong Kong-listed sportswear maker Peak Sports Products Co said its net profit declined 60.1 percent to 310.6 million yuan ($49.83 million) in 2012.

    Its net profit margin was at 10.7 percent in 2012, down from 16.7 percent the previous year. The Fujian-based Peak has reported the biggest net profit decrease among domestic sportswear companies in 2012.

    Its gross profit declined 42.2 percent to 1,058 million yuan last year. The company said the sharp decrease in gross profit was a result of the increase in the cost of production and in the amount of the various rebates it had to pay to support distributors.

    The company also saw a decrease in selling and distribution expenses and a decrease in income tax, however, those items only partially offset the impact of the gross profit decline.

    Most sportswear manufacturers were plagued by inventory problems in 2012 due to weak global demand. Peak's average inventory turnover days reached 80, up from 49 days in 2011. However, the company's inventory went down from 421 million yuan to 386 million yuan in 2012.

    To optimize distribution channels, Peak closed smaller and less efficient retail outlets, while opening larger outlets in 2012. Peak operated 6,483 authorized stores at the end of 2012, down from 7,806 stores in 2011.

    Most sportswear makers in China reported slower growth in 2012. Hong Kong-listed sports products maker 361 saw its net profit declining by 37.6 percent in 2012.

    8.03K
     
    ...
    ...
    ...
    日韩人妻无码精品久久免费一 | 国产高清中文手机在线观看| 亚洲国产无套无码av电影| 精品久久久久久无码免费| 人妻无码精品久久亚瑟影视 | AV色欲无码人妻中文字幕| 亚洲精品无码Av人在线观看国产| 亚洲开心婷婷中文字幕| 精品久久久无码中文字幕天天 | 亚洲精品中文字幕无码蜜桃 | 免费无码国产在线观国内自拍中文字幕| 毛片无码免费无码播放| 人妻无码αv中文字幕久久琪琪布| 中文字幕无码精品三级在线电影| 无码国产色欲XXXXX视频| 中文精品无码中文字幕无码专区| 中文字幕在线视频播放| 亚洲高清中文字幕免费| 日韩精品无码人妻一区二区三区 | 精品人妻无码一区二区色欲产成人 | 日韩AV无码久久一区二区| 麻豆国产精品无码视频| 最近中文字幕高清免费中文字幕mv | 18禁超污无遮挡无码免费网站| 中文字幕精品视频| 无码人妻精品中文字幕免费东京热| 国产高清无码毛片| 国产精品无码无需播放器| 无码人妻精品一区二区三区久久| 曰韩精品无码一区二区三区| 中文字幕无码乱人伦| 亚洲人成网亚洲欧洲无码久久| 国产在线拍偷自揄拍无码| 国产在线无码精品电影网| 精品无码一区二区三区在线| 中文精品无码中文字幕无码专区| 亚洲AV永久纯肉无码精品动漫| 亚洲熟妇无码AV在线播放| 亚洲av无码专区在线播放| 精品无码国产污污污免费网站| HEYZO无码综合国产精品|