Kaiser Apparel Releases Three Quarterly Net Profit Decline

< p > the three quarterly report that Kaiser shares just released shows that the company achieved operating income of 362 million yuan in the first three quarters, an increase of 4.6% compared to the same period last year, and realized a net profit of 22 million 934 thousand and 500 yuan, down 38.66% compared to the same period last year.

The company's Q3 revenue and net profit fell by 11.27% and 196.01% respectively.

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< p > Kaiser stock executive office told reporters that this year, < a href= "//www.sjfzxm.com/news/index_c.asp" > the garment industry < /a > is stagnant, and the third quarter is the off-season in the industry. The decrease in performance is also normal compared with other months, and the fourth quarter is expected to improve.

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< p > however, reporters found that in the fourth quarter of last year, Kaiser shares still lost 78 thousand and 900 yuan in revenue growth of nearly 19% compared to the same period last year.

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< p > < a href= > //www.sjfzxm.com/news/index_c.asp > gross margin > /a > decline and sales cost rise is the main reason.

A reporter's performance report found that in the third quarter of 2013, the company's sales expenses amounted to 44 million 5 thousand and 400 yuan, an increase of 23.85% over the same period last year, and the cost of sales increased by 13.64 percentage points to 48.11% over the same period.

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< p > the above secretaries general told reporters that the company's Yuxin (Guangdong) Trading Co., Ltd. added 4 new outlets in the reporting period, resulting in a rise in terminal store rental and staff remuneration costs.

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< p > gross margin, Kaiser's third quarter business income decreased by 11.27% compared with the same period last year, but the operating cost decreased by 0.52% compared with the same period last year. The gross profit margin in the third quarter was 48.58%, down 7.52% compared to the same period.

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< p > reporter found that < a href= "//www.sjfzxm.com/news/index_c.asp" > Kaiser shares < /a > business income has been in the low position of the clothing industry.

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< p > in the first half of 2013, Kaiser shares achieved operating income of 270 million yuan, which was only 40% of the shares of A share listed company.

On the sales of single stores, the average income of Kaiser shares was only 585 thousand and 700 yuan in the first half of this year, and 1 million 243 thousand and 600 yuan for the group, and 841 thousand yuan for the card road.

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< p > August 2013, Kaiser shares issued 112 million shares to shareholders Kaiser group and Shanghai Zhengda, raised 540 million yuan, tried to increase revenue and market share by increasing business outlets.

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< p > the above secretaries said that as of now, the company has not yet used new funds raised to expand sales terminals or develop the Hongkong market.

"The industry is sluggish, and the cost of opening new stores is too high and the performance can not be reflected immediately. The company will be more cautious in terminal construction than it used to be."

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