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Real Estate Accounts For 69% Of Red Bean Shares.

2010/8/17 8:43:00 64

Domestic clothing giant red bean shares issued the first half of 2010.

Half year report shows that

Red bean

In the first half of the year, the company achieved operating income of 1 billion 362 million yuan, an increase of 173.41% over the same period last year and a net profit of 25 million 430 thousand yuan to its parent company, an increase of 77% over the same period last year.

The basic earnings per share is 0.06 yuan, and the average return on net assets is 1.84%.

However, this family

clothing

The increase in operating income and net profit of the giant is not caused by clothing sales, but mainly from the revenue generated by its subsidiary Wuxi red bean limited.

The announcement shows that the B group of Wuxi Zhenjiang Xiangjiang flower city has successfully delivered the group. At the same time, as the red bean International Plaza project opened in the second half of 2008, the apartments and office buildings began to settle accounts in the first half of this year. Therefore, the net profit in the first half of this year is more than that in previous years. The total operating income is 941 million, the operating cost is 782 million yuan, and the operating profit margin is 16.89%.

Operating income increased by 715.41% over the same period last year.

The operating income of red bean is 69% of the operating income of Hong Kong stock.

The Hong Kong Equity board also believes that the growth of the company's main business revenue and net profit in the first half of this year is mainly due to the increase in main business revenue and profit growth of Wuxi red bean limited company, a subsidiary holding company.

Hong Kong stock owns 6 subsidiary companies, in the first half of this year.

Wuxi

Red bean red apparel Co., Ltd. brings net profit of 135 thousand and 400; Wuxi Yi Di Fei casual wear Co., Ltd. brings net profit of -295.45 million; Wuxi red bean cotton spinning Co., Ltd. brings 2 million 421 thousand net profit; Wuxi post villa sewage treatment Co., Ltd. brings net profit of -31.43 million; Wuxi red bean International Trade Co., Ltd. brings net profit of -20.23 million.

The above 5 subsidiary companies, three losses, two profits slightly.

The sixth subsidiary company, Wuxi red bean Real Estate Co., Ltd., has a net profit of 36 million 400 thousand. It has become the most important force contributing to net profit of Hong Kong Group.

However, the red bean Board believes that in the second half of the year, we should focus on the development of red bean men's wear chain Monopoly channel construction, grasp the key provinces regional investment promotion conference, establish and implement the chain Monopoly standardization system, strengthen the supervision and management of the exclusive stores, continue to vigorously promote technological innovation, quickly expand group buying occupation clothing business, improve the winning rate of professional clothing, strive to improve the profitability of the company, and promote the real estate business prudently and cautiously.