Shoe Enterprises Anta Shoe Sales Exceeded 10 Million Pairs In The First Quarter
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May 1 movement: workers in shoe factories will achieve decent work.
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2010 shoe companies use high quality products to market.
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Shoe manufacturers and material suppliers face to face next month.
The world
clothing
Shoes and Hats
Net]
Anta's sales of shoes, including children and life series, reached 10 million 200 thousand pairs in the first quarter, an annual increase of 8.1%.
and
clothing
The number of sales reached 15 million 200 thousand, an annual growth of 23.8%.
As of March 31, 2010, Anta's brand retail store was 6727, an increase of 136 from the end of 2009.
The average area of shops increased from 107 square meters at the end of 2009 to 108 square meters in March 31, 2010.
Opinion commentary: the company's first quarter business data is in line with expectations.
Sales growth in the first quarter was mainly driven by volume. We expect footwear and
clothing
The average selling price has an increase in the number of units.
Company management also mentioned that the execution rate of orders was good in the first quarter, but the volume of supplementary orders was not large.
We believe that sales growth in the first quarter is close to 18% of the company's 1Q10.
Order-placing meeting
Growth.
And the company's 2Q10 and 3Q10's
Order-placing meeting
The growth rates were 16% and 18% respectively.
As of March 31, 2010, Anta brand retail outlets were 6727.
It is not difficult to achieve the goal of 7200 stores at the end of the year.
Investment recommendations: the company's first quarter business data is in line with expectations.
We will take part in the company's 4Q10 in Jinjiang in May 6th.
Order-placing meeting
。
We will get 4Q10.
Order-placing meeting
After the growth rate, we will review the profit forecast again.
We have a positive view of Anta's profit growth and maintain HK $13.9 mark price and collection rating for the time being.
Investors are advised to bargain for collection.
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