Yuyuan Group Said It Increased By 8.36% In April Compared With $738 Million 200 Thousand In The Same Period Last Year.

According to the world clothing shoes and hats net, Taiwan sports shoes 0551.HK, the Chinese foundry giant Yu Yuan (industry) Group Limited (0551.HK) and its China sporting goods chain retailer Baosheng International Holdings Limited (3813.HK) today released its earnings data in April.

Yuyuan group said its consolidated revenue in April was 799 million 900 thousand US dollars, up 8.36% from 738 million 200 thousand US dollars in the same period last year, while the total revenue in the first 4 months of 2017 increased by 2 billion 901 million US dollars, with an annual increase of 4.85%.

As the main distributor of Nike Inc. (NYSE:NKE) Nike group and Adidas AG (ADS.DE) Adidas group in China, Baosheng international achieved a total revenue of 1 billion 906 million 600 thousand yuan (RMB, the same below) in April, up 18.5% from 1 billion 609 million 600 thousand yuan in the same period last year. After February, it recorded a 10% decline in sales in 2016 and 2017, and 3 and April returned to normal growth in recent years. In the first 4 months of this year, Baosheng Group's revenue totaled 6 billion 580 million 800 thousand yuan, up 15.9% from 5 billion 677 million 300 thousand yuan a year ago.

Although the performance of the two big groups is all in line with expectations, in April, whether it was the PMI index of the manufacturing industry in Chi Xin China, or the widespread data, it was hardly optimistic. Caixin PMI recorded only 50.3 in April, down 0.9 from the annulus rate, the lowest since last September, and the PMI of the National Bureau of statistics in China was 51.2 in April and 0.6 in the annulus, which is a new low in the past six months.

After China's GDP hit a 5 quarter high in the first quarter, the government is taking strong regulatory measures, strengthening real estate and financial deleveraging measures, and tightening liquidity. Although the move or stimulus to the real economy, the interest rate increase has a negative impact on corporate financing and debt issuance.

Baosheng and Yuyuan will release first quarter results this Friday. However, the regulation is mainly in the near future. Therefore, the trend of the two related groups this year will be more marked in the two quarter.

Data show 2016 fiscal year Yue Yuen Revenue grew by 0.54% to $8 billion 480 million 600 thousand a year, and its manufacturing business revenue fell 1.6% to 6 billion 39 million 300 thousand US dollars in the same period compared with the same period last year, while its output increased by 1.4%, up from 317 million 500 thousand pairs in the previous year to 322 million pairs, and sales growth was offset by the average selling price from 17.25 dollars to 16.88 dollars. Gross profit improved, net profit rose by 29.5% to $525 million 100 thousand, net profit increased by 37%, from $390 million 200 thousand in fiscal 2015 to $534 million 600 thousand.

After the annual report, Macquarie Group Ltd. Macquarie and Credit Suisse Group AG Credit Suisse all raised the target price of Yuyuan group (0551.HK). Macquarie rose to HK $37 from HK $33.2, a rise of 11.4% and a "win win" rating. Credit Suisse rose from HK $24 to HK $31, and the rating rose from "lost market" to "neutral".

but Pou Sheng International The gross profit margin of the fourth quarter disappointed the market. The group management revealed that this was because the last quarter was too aggressive. The number of new stores was 304, far more than the 233 quarter of the three quarter, and most of them were direct stores. Staff salaries also rose, operating expenses rose, and the new store pushing costs also depressed gross margins.

In the 2016 fiscal year, the group achieved 12.2% revenue growth, from 14 billion 465 million 600 thousand yuan to 16 billion 236 million 400 thousand yuan, operating profit and net profit rose 54.3% and 41.3% to 924 million 200 thousand yuan and 560 million 600 thousand yuan respectively.

Yuyuan group (0551.HK) closed at HK $32.59 on Wednesday, May 10th, up 3.29%, and 3813.HK today closed up 2.31%, at HK $1.77.

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