Lining (HK) Net Profit Increased By 60.63% To 474 Million Yuan In 07 Years.

Lining announced that as at the end of 07 December 31st, net profit was 474 million yuan, an increase of 60.63% over the same period of 06 years, and a profit of 0.4583 yuan per share. The company sent a final interest rate of 0.0796 yuan, plus a special interest rate of 0.0913 yuan.

Lining (2331) issued a notice on March 19th, saying that as at the end of 07 December 31st, the shareholders were entitled to net profit of 474 million yuan (the same below), an increase of 60.63% over the same period in 06 years, and a profit of 0.4583 yuan per share. The company sent a final dividend of 0.0796 yuan and a special interest rate of 0.0913 yuan.

The company gained a net profit of 295 million yuan in the same period of 06 years.

Lining's income increased by 36.7% to 4 billion 349 million yuan in 07 years, and EBITDA increased 55.5% to 682 million yuan. The main reason is that the number of retail stores has steadily increased in 07 years, and the net increase has been 1343 to 5676 during the year. The supply chain management model has also been adjusted, demand oriented, and other efforts are being made to develop multiple brands.

The gross profit margin of the company in 07 years is 47.9%, which is 0.5 percentage points higher than the gross profit margin of 47.4% years in 06 years.

The company said that through 07 years' optimization of procurement system and reasonable pricing strategy, the gross margin level should be maintained in a competitive market environment.

At the end of 07 years, the cash and cash equivalents of the company amounted to $850 million, an increase of 11 million 20 thousand over the 06 years and an inventory provision of $51 million 490 thousand.