Lining, Whose Share Price Has Doubled Three This Year, Grew By 10% To 20% In The Same Quarter In The Three Quarter.

At present, Lining has opened 6564 stores.

A net increase of 220 stores compared with the beginning of the year.

In the third quarter of this year, Lining's same store sales grew by 10% to 20% over the same period, of which retail sales and wholesale channel sales increased by 10% to 20%, and the electricity business increased by 50% to 60% over the same period.

At noon on October 21st, Lining announced the latest order and operation status report. According to this, in the second quarter of 2020, the order amount of the Lining brand products of the franchisee (excluding Chinese Lining and Lining YOUNG) was calculated at the price of the tag, representing an increase of 10% to 20% over the same period last year.

As of September 30th this year, Lining sales point (excluding Lining YOUNG) has achieved an increase of 30% to 40% in retail sales compared with the same period last year. Among them, the offline channels (including retail and wholesale) increased by 20% to 30%, the retail channel grew by 10% to 20%, the wholesale channel increased by 30% to 40%, and the business of e-commerce channels increased 50% to 60%.

It is reported that at present Lining has opened 6564 stores. (excluding Lining YOUNG), a year-on-year net increase of 142 stores at the end of the quarter, a net increase of 220 stores compared with the beginning of the year. Of the 220 sales outlets that had increased by 163, the number of retail outlets decreased by 163 and wholesale stores by a total of 383. In addition, Lining YOUNG has 926 sales outlets. A year-on-year year-on-year net increase of 54, representing a net increase of 133 compared with the beginning of the year.

Affected by this news, Lining's share price climbed to HK $27.1 / share in October 21st, close to the historical high price of HK $27.65 / share in the past year, and ended up at HK $26.8527.1 / share.

Reporters combing found that since entering the three quarter of this year, sporting goods stocks collective strength. By the end of October 21st, Lining's stock price rose 43.9% over the first opening day of July 2nd (July 2nd). Compared with the first trading day of this year, the opening price of HK $8.35 / share was three times more than that of the same period last year. At present, Lining has a total market value of 62 billion 130 million, which is only behind the 100 billion market value of Anta sports and Shenzhou International in the main sports shoes and clothing enterprises of Hong Kong stocks.

Previously published semi annual report shows that this year In the first half of this year, Lining realized revenue of 6 billion 255 million yuan, an increase of 32.7% over the same period last year, and realized a net profit of 795 million yuan, an increase of 196% over the same period last year.