Daphne Attacks Four To Six Tier Cities Low End Market

Daphne (210) is the leading retailer for women's footwear in mainland China. By the end of June last year, the median turnover was 3 billion 180 million yuan, an increase of 14.7% over the same period last year, and the gross profit margin increased by 2.2 percentage points to 57% on average. However, the overall net profit was reduced by 27.3% to 190 million yuan on the basis of the fair value loss of the equity warrant.