American Barrack Inventory Series Report (Three)

2012/3/2 8:53:00 56

In February 29th, CICC announced that the 002269.SZ turnover rate improved by quarter, but the absolute amount of stock remained high. In 2012, it was still facing the pressure of clear inventory.

The report estimates that the company was in the 4 quarter of 2011

Stock

The turnover time is about 130 days, lower than the 247 quarter of the 1 quarter of 2011 and the 157 day of the 3 quarter of 2011.

However, at the end of 2011, the inventory of the company was about 2 billion 500 million yuan, still at a high level. In 2011, spring and summer and previous quarter products were about 1 billion 500 million yuan. In 2012, the company still had to continue to discount and clean up the stock.

interest rate

There are adverse effects.

In February 29th, the United States apparel announced its 2011 performance bulletin, operating income of 9 billion 950 million yuan, an increase of 33% over the same period last year, operating profit of 1 billion 460 million yuan, an increase of 51% over the previous year; net profit attributable to shareholders of listed companies was 1 billion 210 million yuan, an increase of 60% over the previous year, and the earnings per share were 1.21 yuan.

Expect

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