Yuyuan Yuyuan'S "Cold Current" Creates A New Annual Income
Before next Tuesday (January 13th) releases annual results, Yue Yuen (00551, HK) first disclosed in December yesterday. Business data 。
The company announced it last December. Business income $466 million, compared with 401 million 400 thousand in the same period in 2007. US dollar growth 16.1%. The total annual revenue at the end of December was $5 billion 120 million, up from $4 billion 270 million in the previous year.
Earlier, Macquarie Securities estimated that Yuyuan group estimated annual revenue growth of 19% to $4 billion 900 million, net profit growth of 19% to 420 million dollars, higher than market expectations.
The bank expects that the gross margin improvement of Yuyuan group's OEM (OEM) will make the company's operating profit relatively stable and offset the deterioration of the retail business. Macquarie also said he did not rule out the possibility that Yuyuan group would issue special dividends.
Last June, Yuyuan group split the retail business Baosheng International (03813, HK) to the main board of Hong Kong exchange, and Yuyuan group gained about $157 million in special income. Yuyuan group is the largest sports shoe manufacturer in the world.
Editor: vivi
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