Loss Of 360% Increased Sharply And No Inventory Was Purchased During The Year.

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< p > recently, the announcement of < a href= "http://sjfzxm.com/news/index_s.asp > > net operating performance < /a > was released by the listed company of famous footwear and clothing company.

The announcement showed a significant decrease in performance in the year ended December 31, 2013 compared with 2012. It is therefore expected that the net profit of the group for the year ended December 31, 2013 is much lower than that of the previous year.

Affected by this, the shares fell 6.45%, to 2.03 yuan.

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< p > announcement cited the following reasons to explain performance changes, including the sharp reduction in orders in 2013; and the effective tax rate has increased since the tax concessions expired in the past 31 years, and the reasons for the sharp increase in impairment losses in the second half of 2013 and the marked decrease in accounts receivable during the period.

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< p > < a > href= > http://sjfzxm.com/news/index_s.asp > > 360 degree < /a > at the same time, it points out that the Group expects to make profits in the second half of last year if the accounts receivable account for more than 180 days is deleted.

At present, a series of measures are being taken to overcome the current difficult business environment and to tighten credit control policies to improve the future recovery of accounts receivable and to adjust operating costs to match lower sales in the second half of last year. At the same time, in the second half of last year, retailers were encouraged to close their stores or pformation. In the second half of last year, the retailer's inventory remained healthy.

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< p > in order to enhance the company's business conditions, 31st degree has encouraged the authorized retailers to close the unprofitable retail market in the second half of 2013, or to pform it into a comprehensive retail outlet, providing a wide range of products with 360, 360 children's clothing and 360 degree fashion brands to expand the product mix so as to expand the income base.

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< p > it is reported that in the second half of 2013, the authorized retailer's < a href= "http://sjfzxm.com/news/index_s.asp" > inventory < /a > remained healthy.

No purchase was received for the period ended December 31, 2013, and there is no intention to purchase any inventory of any dealer or authorized retailer.

Based on a variety of measures of 360 degrees, 360 degrees expressed confidence that the profitability of China's sports apparel industry will be improved with the gradual improvement of the outlook.

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