Baozi International Group Lost 72 Million Yuan In The Past 2015.

Recently, Baozi group, Baoji group, said that in the past 2015, the group had already lost 72 million yuan. For baozi group, the past year has been an arduous year.

Recently, Ports

According to data, the total sales volume of the group in 2015 decreased by 15.2% compared with the same period in 2014, and recorded 1 billion 594 million yuan. The group lost 72 million yuan, the loss per share was 0.13 yuan, and the group made a profit of 73 million 200 thousand yuan in 2014 in 2015.

For most industries, 2015 is an arduous year, and retail consumption of luxury goods is more important.

The group's turnover declined from 1 billion 879 million yuan in fiscal year 2014 to 15.2% yuan in fiscal year 2015, and 1 billion 594 million yuan in fiscal year 2015.

Retail sales decreased from 1 billion 723 million yuan in fiscal year 2014 to 1 billion 477 million yuan in fiscal 2015, or 14.3%.

In 2015, China's economic growth rate dropped to a 25 year low. At the same time, the weak consumer sentiment seriously affected the luxury industry in China, resulting in a decline in the retail segment of the group.

The group said that the integration of electricity suppliers and physical stores will become an important trend. Therefore, in addition to the physical retail network, the group will continue to focus on the development and promotion of e-commerce, and adopt different strategies to attract online customers to provide online special products to increase online shopping flow.

Although the electricity business is in the initial stage of business development, the Group expects the development prospect of e-commerce business is positive.

Thanks to the good performance of its brand Ports1961, it has brought positive results to the group business. Although the Chinese economy is still weak, the sales trend of the group has been improved by the end of 2015.

The performance of the group's distribution business is similar to that of the core brand Ports1961. As the franchise has the great potential to further penetrate the Chinese market, the group is cautiously optimistic about the expansion of the franchise sector.

Mainly due to the weakening consumption caused by the global economic downturn, the turnover of wholesale and original equipment manufacturing business decreased by 25%.

But by co operating with key vendors such as Lian Crawford, Pedder and OnPedder, group wholesale business improved at the end of 2015.

At the same time, the group's wholesale and original equipment manufacturing business outlook is optimistic, will help further promote marketing and increase the exposure rate of the Ports 1961 series.

A group spokesman said that macroeconomic uncertainty in 2016 will continue. The volatility of financial markets since the middle of 2015, and the decline in luxury consumption caused by the implementation of China's anti-corruption policy, as well as the slow recovery of the global economy in developed countries, such as the European Union and the United States, have led to a decline in demand for luxury goods.

The group still has a wait-and-see attitude towards whether there will be a major change in the luxury retail market. However, the difficult operating environment may also bring about a decline in operating costs and the potential for better retailing space, so that a solid and financially strong operator will benefit from it.

According to the latest data, under the economic environment of the overall decline of the retail economy in the current line, Ports Po posture was in the opposite direction in 2016. In January and February, the store's performance increased by 6.9% compared with the same period last year. The company's financial strength is still strong, and the cash equivalent value of the 15 year's bottom account is 970 million, which further guarantees the sustainable development of the brand.

In addition, Bluestone Global and PGL of China Spring Department Store signed a sales agreement with Wangfujing international in January 2013, agreeing to sell China Spring Department Store Group 39.53% to Wangfujing international.

Chen Hanjie and Kenneth Chan, shareholders of China Spring Department store, resigned as chairman of the group and board of directors in July 2013.

As of December 31, 2015, Po International Group is in mainland China.

The United States and Canada operate 313 retail stores, adding 3 more stores than in 2014.

In view of the current market environment and the forecast that this trend will continue in the foreseeable future, the group is committed to monitoring and surveying the retail network and optimizing the distribution of stores nationwide.

The ratio of retail sales to total turnover rose from 91.7% in 2014 to 92.7% in 2015.

Other

The decrease from 25% yuan in fiscal year 2014 to 116 million yuan in fiscal 2015 in the year of fiscal year 1.55. is due to a decrease in revenue from the wholesale business of spectacles and the manufacturing of raw equipment.

The decrease in the income of the original equipment manufacturing business was mainly due to the decline in business in Europe. The proportion of other businesses in the group's total turnover declined from 8.3% in 2014 to 7.3% in 2015.