Saturday: Plan To Expand Financing Channels And Adjust Liabilities Structure.

P a href= "http://sjfzxm.com/news/index_cj.as" > < < /a > > a few days ago, it said that the company will continue to strengthen its control fees and improve its efficiency in the second half of the year, and plans to further expand the financing channels and adjust the debt structure through issuing short-term financing bills, non-public directional debt financing tools, and so on. "A"

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< p > semi annual report shows that the sales cost of the company in the first half of this year has dropped slightly, and there has been a marked increase in both management and financial expenses.

The company pointed out that the increase in management costs is mainly related to employee salaries, social security rise, storage costs and so on.

The substantial increase in financial costs is mainly due to the increase in interest payments as a result of the increase in short and short term loans and the rise in interest rates.

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< p > > a href= "http://sjfzxm.com/news/index_cj.as" > inventory < /a >, the company's inventory balance in the first half of the year was 1 billion 183 million yuan, an increase of nearly 2 million yuan compared with the beginning of the year, and still faced with larger inventory pressure.

The company said that inventories had declined during the biennium and inventories increased over the last two years.

Electricity supplier is currently the main means of selling inventory, electricity sales in the first half of the year increased by more than 8.

The relevant person in charge of the company told the great wisdom News Agency (WeChat: DZH_news) that the annual growth of electricity supplier is less than 5 or above, and it will steadily push forward O2O to make up for the weakness of the line.

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< p > revenue in the first half of the year was 878 million yuan, down 2.12% compared to the same period last year, and net profit was 33 million 326 thousand yuan, up 7.35% compared with the same period last year.

On Saturday, the responsible person said that the company is adjusting its stores, which has a great impact on revenue.

In the first half of the year, a large number of inefficient self operated stores were shut down to enhance the performance of single stores.

It is expected that the number of stores will be greatly reduced in the second half of the year, and the number of stores will be flat at the end of last year.

Analysts pointed out that the retail terminal has not recovered, the company is still in the adjustment period this year, the performance of the second half is expected to be relatively cautious.

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< p > Standard Chartered first to a href= "http://sjfzxm.com/news/index_cj.as" > Anta < /a > Sports win win market rating target HK $14.4 < /p >

< p > Standard Chartered Research Report, the first Anta sports win win market "investment rating", the target price of HK $14.40, and has an upward trend of 13%, mainly because the stock in the first half of this year's performance is expected to outperform expectations.

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< p > Standard Chartered believes that Anta's leading position in the market and competitive prices will help to continue to increase its market share. It is expected that Anta's 2014 performance will recover strongly, up 16% over the same period last year.

In addition to Anta sports products, Anta's children's wear and FILA brand business has also increased rapidly, according to the bank's survey.

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< p > the bank also believes that the market underestimates Anta's first half year profits, and its net profit is expected to reach 778 million yuan, an annual increase of 24%, mainly driven by strong sales growth (18.8%) and gross margin expansion.

Channel inventory at a benign level.

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