PEAK Sports Achieved Net Profit Of 822 Million Yuan In 2010.
Peak
Sports announced that in 2010, it benefited from the government's active fiscal policy and moderately loose monetary policy to stimulate the strong growth of domestic consumer goods demand. According to IFRS, the net profit attributable to equity holders reached 822 million yuan last year, an increase of 30.9% over the same period last year.
During the period, the company made a basic profit of 0.3919 yuan per share.
dividend
HK $0.10 per share.
The annual report shows that during the period, the demand for consumer goods, including sporting goods, grew strongly. The turnover of the company increased by 37.3% to 4 billion 249 million yuan over the same period, and the gross profit increased by 39.4% to 1 billion 616 million yuan, and the gross profit margin increased to 38%, up 0.5 percentage points from 2009.
Operating data show that in 2010, PEAK sports sold 21 million 700 thousand pairs of shoes, with an average price of 83.6 yuan per pair, representing an increase of 31.5% and 1.3% respectively over the same period. The company sold 40 million 900 thousand items of clothing during the period, with an average price of 56.7 yuan, up 35.9% and 6.2% respectively over the same period.
By the end of 2010, PEAK sports had 7224 in China.
Retail outlets
The total retail area was 553 thousand and 100 square meters, representing an increase of 16.4% and 22.1% respectively.
The company said that the sporting goods industry's prospects for development in the coming years are generally optimistic, and expects the industry and group to achieve satisfactory growth in 2011.
After the announcement of PEAK sports performance, the share price recovered sharply and narrowed down. As at 13:52, the stock fell 1.02% to HK $4.87.
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