The Main Business Income Of Hong Kong Group Has Declined In The First Quarter.

In recent years, the brand of "red bean" men's wear has been complying with the market development, innovating constantly, and based on the market and customers, fully integrating social resources, has gone out of the road of "chain Monopoly" with its own characteristics.

In 2015, the new red beans joined the new mode of alliance to become a hot spot in the clothing market. When other men's clothing stores were closing up, the brand of the red bean men's wear showed strong development momentum.

Disclosure of the first quarter earnings in 2016, the company's main business income 489 million yuan, a year-on-year decrease of 15.35%; men's clothing online and offline sales accounted for 85% and 15% respectively.

Hong Kong shares disclosed the first quarter earnings in 2016. The main business income of the company was 489 million yuan, a decrease of 15.35% compared with the same period last year. The net profit attributable to the parent company was 28 million 120 thousand, an increase of 110.95% over the same period last year.

From the point of view of financial data, now

Online and offline sales accounted for 85% and 15% respectively. As of the end of March 2016, the offline stores had 787 men's stores after internal rectification, of which 57 were directly owned and 730 were joined.

The extension of franchised stores under the line is still the main growth point of red bean menswear in the first quarter, and the opening of 14 new line stores.

The red bean side revealed that the company is still less efficient than its single store store.

However, since the cost of joining franchises is lower than that of Direct stores and the company has less working capital, Future Ltd will focus on developing joint franchises, which is conducive to increasing the number of stores and enhancing the overall performance of men's clothing business.