Last Year, The First Retail Sales Of Taiping Bird Ended 10 Billion.

Ningbo Pacific bird, April 23rd

Apparel Limited by Share Ltd (SH:603877) (hereinafter referred to as "Pacific bird")

In the 2017 fiscal year, the net profit of 456 million 300 thousand yuan (RMB) was 6.72% higher than that of 427 million 500 thousand yuan in 2016. The net profit after deducting the net profit was 350 million 400 thousand yuan, which was basically the same as in 2016.

During the reporting period, the group's income was 7 billion 141 million 700 thousand yuan, a double-digit increase of 12.99% in the year. The income in 2016 was 6 billion 320 million 400 thousand yuan, of which the electricity business revenue increased by 35.57% from 1 billion 598 million yuan in 2016 to 2 billion 166 million 400 thousand yuan, which rose from 16.15% in 2016 to 20.70% in key 20% stalls.

In the 2017 year of "double eleven", the group achieved a retail sales of nearly 808 million yuan, a total of 1 million 700 thousand orders, and a total number of breakthroughs of 2 million 700 thousand, compared with the "double eleven" growth rate of 31.4% in 2016.

In 2017, the retail sales of Taiping bird clothing terminal exceeded 10 billion to 10 billion 463 million 300 thousand yuan for the first time, an increase of 5.74% over the 9 billion 895 million 300 thousand yuan in 2016.

By brand, PEACEBIRD

The total retail sales amounted to 3 billion 940 million yuan, an increase of 3.85% over the same period last year. The retail sales of PEACEBIRD Mens menswear were 3 billion 738 million yuan, an increase of 5.56% compared with the same period last year, and the PEACEBIRD brand accounted for 73.38% of the total retail sales; Mini Peace

The retail sales amounted to 1 billion 42 million yuan, an increase of 29.31% over the previous year, and MATERIAL GIRL women's clothing retail sales reached 251 million yuan, an increase of 59.38% over the same period last year.

In the 2017 fiscal year, Taiping bird clothing and apparel business gross profit margin was 53.34%, a year-on-year drop of 198 basis points, ending inventory of 1 billion 828 million 200 thousand yuan, an increase of 12.78% over the same period in 2016, and the turnover of stock days 185 days reduced by 13 days per year, mainly due to the acceleration of over season merchandise handling and control of total inventory.

As of December 31, 2017, Taiping bird clothing ran 1271 Direct stores, which accounted for 65.12% of the revenue. The total number of stores in the group was reduced by 4251 by 28, with 1226 new outlets opening and 1254 closed.