On August 30th, Peak announced its first-half results and the company’s turnover was 1.809 billion yuan, a year-on-year increase of 33%. Gross profit was RMB 681 million, a year-on-year increase of 31.8%, gross profit margin of 37.7%, and net profit of RMB 347 million, a year-on-year increase of 29.6%.
In the first half of the year, Peak authorized operating retail outlets increased by 590 to 6,796. However, net profit still lags behind Zimmer’s net profit of 372.5 million in the first half.
Currently, Li Ning, Anta and Xtep have all issued interim reports, and 361 Degrees also released its annual report since its listing last June. The performance report shows that the operating revenues of Li Ning, Anta and Xtep in the first half of the year were 4.505 billion yuan, 3.453 billion yuan, and 2.0402 billion yuan respectively, up 33%, 22.6%, and 22% year-on-year respectively. The net profits were 582 million yuan, 760 million yuan, and 372.5 million yuan respectively. At the same time, the 361-degree annual report shows that the company's turnover was 4.33 billion yuan, a year-on-year increase of 25.7%; net profit was 916 million yuan, an increase of 45% year-on-year.
Peak is still the largest source of total revenue in the Chinese market, accounting for 89.3% of total revenue. The turnover of the domestic market and overseas market increased by 31.2% and 52.7% respectively year-on-year.
In the first half of the year, the gross profit margin of the company's apparel products declined, mainly because its production costs increased more than the selling prices of its products. The decrease in the gross profit margin of apparel products offset the slight increase in the gross profit margin of footwear products. In the first half of the year, the overall gross profit margin decreased slightly.
The disproportionate increase in the production cost of apparel products was mainly due to the increase in direct labor costs during the period, which at the same time increased the average unit selling price of the company's apparel products from 42.5 yuan in the first half of 2009 to 43.4 yuan in the first half of the year. 2.1%.
Through the opening of more than 560 Peak retail outlets (excluding basketball themed stores) in the first half of the year, the company plans to increase the number of 1,000 authorized retail outlets by the end of 2010 as planned.
In the first half of the year, Peak authorized operating retail outlets increased by 590 to 6,796. However, net profit still lags behind Zimmer’s net profit of 372.5 million in the first half.
Currently, Li Ning, Anta and Xtep have all issued interim reports, and 361 Degrees also released its annual report since its listing last June. The performance report shows that the operating revenues of Li Ning, Anta and Xtep in the first half of the year were 4.505 billion yuan, 3.453 billion yuan, and 2.0402 billion yuan respectively, up 33%, 22.6%, and 22% year-on-year respectively. The net profits were 582 million yuan, 760 million yuan, and 372.5 million yuan respectively. At the same time, the 361-degree annual report shows that the company's turnover was 4.33 billion yuan, a year-on-year increase of 25.7%; net profit was 916 million yuan, an increase of 45% year-on-year.
Peak is still the largest source of total revenue in the Chinese market, accounting for 89.3% of total revenue. The turnover of the domestic market and overseas market increased by 31.2% and 52.7% respectively year-on-year.
In the first half of the year, the gross profit margin of the company's apparel products declined, mainly because its production costs increased more than the selling prices of its products. The decrease in the gross profit margin of apparel products offset the slight increase in the gross profit margin of footwear products. In the first half of the year, the overall gross profit margin decreased slightly.
The disproportionate increase in the production cost of apparel products was mainly due to the increase in direct labor costs during the period, which at the same time increased the average unit selling price of the company's apparel products from 42.5 yuan in the first half of 2009 to 43.4 yuan in the first half of the year. 2.1%.
Through the opening of more than 560 Peak retail outlets (excluding basketball themed stores) in the first half of the year, the company plans to increase the number of 1,000 authorized retail outlets by the end of 2010 as planned.
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