361 degrees achieved a profit of 56 last year.3.2 billion, an annual increase of 8.6%

361 degrees achieved a profit of 56 last year.3.2 billion, an annual increase of 8.6%
On March 17, 361 Degrees International Co., Ltd. (hereinafter referred to as “361 Degrees”) released its 2019 annual results.Reporting the average, 361 degrees achieved a gain of 56.3.2 billion, an annual increase of 8.6%; profit attributable to equity holders 4.3.2 billion yuan, compared with 3 in the same period last year.04 billion.In 2019, 361 degrees belongs to the brand’s core products of 361 degrees, sales of footwear, apparel and accessories are showing an upward trend, respectively increased by 7.9%, 3% and 31.8%.Among them, footwear sales accounted for 42% of the total revenue from the previous year.7% decreased slightly by 42.4%, clothing sales by 38.5% slightly expected 36.6% According to the announcement, through the introduction of some iconic products and the production of cross-border products in cooperation with some major brands in 2019, the average wholesale value of footwear and clothing has increased, but sales have decreased by 8.1% and 22.7%.Weighing at 361 degrees is mainly due to the introduction of some new series of products on the market at the initial stage, and the strategic reduction in production.However, footwear products are still the strongest main driving force among 361 ° core brand products.As of December 31, 2019, 361 degrees had created a total of 5519 361 ° core brand stores, of which about 72.5% are independent street shops.By area, about 75.3% of the stores are located in China ‘s third-tier and below third-tier cities, 6.6% and 18.1% of the stores are located in China’s first-tier and second-tier cities.In the future, 361 Degrees will encourage distributors and authorized retailers to open smaller stores in shopping malls, department stores, etc. while streamlining retail stores in smaller stores, and continue to promote store savings and retail sales.In the international market, 361 ° has a total of nearly 3,000 sales outlets in overseas markets. In the future, it will focus on expanding its distribution in regions with growth potential in Europe.In the performance announcement, Ding Huihuang, Chairman of the 361 Degrees Board of Directors, said that due to the outbreak of the new coronary pneumonia epidemic, it is expected that the epidemic will have a certain impact on the Group’s operations, financial performance and overall sports industry in the first half of 2020.However, 361 degrees also fully believes that the Chinese people’s health awareness will be further improved after the emerging epidemic, and the Chinese sports industry will usher in new development opportunities.Sauna, Ye Wang Zheng Yijia proofreading Liu Baoqing picture 361 degree announcement screenshot