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Seven Wolf Wolf Men'S Net Profit Increased By Over 40% In 2011

2012/4/1 10:53:00 31

Main camp

clothing

The seven wolves (002029.SZ) announced the annual financial report in 2011 in March 31st.

In 2011, the company achieved operating income of 2 billion 920 million yuan, an increase of 32.89% over the previous year, and a net profit of 412 million yuan attributable to shareholders of listed companies, an increase of 45.61%.

The company intends to distribute the cash dividend to all shareholders every 10 shares by 2 yuan (including tax), and increase 5 shares in every 10 shares of the capital reserve at the same time.

The report said that business revenue growth mainly stems from the company's increased channels and

brand

Construction and product design research and development to improve supply chain management, thereby driving sales revenue growth.

In 2011, the wolf wolf's clothing business income was 2 billion 652 million yuan, an increase of 29.87% over the same period last year.

While operating revenue grew, the cost of the seven wolves increased considerably.

The sales cost increased by 20.92% to 390 million yuan over the same period last year, and the management expenses increased by 39.64% to 220 million yuan compared with the same period last year. The response to financial expenses increased by 421.58% to 15 million 100 thousand yuan.

The increase in financial costs stems from the increase in short-term borrowings during the reporting period and the increase in interest on loans.

In 2011, the gross profit margin of the main business of the seven wolves increased by 0.14 percentage points, to 42.99%, and the consolidated gross profit margin was 41.19%, down 0.41 percentage points from 2010.

It is worth noting that the 2011 inventory of the seven wolves reached 642 million yuan, an increase of 62.53% over the previous year, accounting for 20.12% of the total assets, up 4.25 percentage points from the same period last year.

Stock increase is acquisition

Hangzhou

The increase in Kenna stock and the early storage of goods in spring and summer in 2012.

Inventory turnover decreased from 3.68 days in 2010 to 3.31 days.

In the fourth quarter of 2011, the company realized revenue of 821 million yuan, an increase of 32% over the same period last year, a decrease of 9% compared to the same period, a net profit of 123 million yuan, an increase of 21% over the previous year, and a 8% increase in the annulus.

According to valuetool platform statistics, the company's net profit continued to rise for three consecutive quarters in the four quarter.

According to statistics from the valuetool platform, a total of 7 institutions in the past quarter have predicted the 2011 EPS of seven wolves, with an average of 1.51 yuan, with a maximum value of 1.96 yuan and a minimum of 1.4 yuan.

These institutions include CITIC Securities (600030.SH), Everbright Securities (601788.SH), China Merchants Securities (600999.SH), and ajian securities, among which CITIC Securities gives the company a "buy" rating.

The company's net profit for the whole year is 2012, 96% of the expected market consensus throughout the year.

On the 30 day, seven wolves received 36.97 yuan, down 2.79%, corresponding to TTM, 25.4 times, and 5.3 of TTM.