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- Turnover and Total Profit Attributable to Equity Shareholders Rose 19.1% and 11.7% Respectively
- Plans to Implement the Fitness Room Management Business and Establishes a Sports Ecosphere
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HONG KONG, Mar 6, 2015 - (ACN Newswire) - Hosa International Limited ("Hosa" or the "Company" and, together with its subsidiaries, the "Group"), one of the largest indoor sportswear brands in China, today announced its annual results for the year ended 31 December 2014 (the "year under review").
During the year under review, the Group continued to maintain a positive financial performance. As of 31 December 2014, the Group's turnover amounted to RMB1,216.5 million (2013: RMB1,021.5 million), indicating a growth of 19.1% compared to 2013. Gross profit was RMB640.3 million (2013: RMB590.3 million), representing an increase of 8.5% compared with last year. Total comprehensive income attributable to equity shareholders of the Company amounted to RMB405.2 million (2013: RMB362.8 million), representing a growth of 11.7% compared to 2013. Basic earnings per share was RMB0.24 (2013: RMB0.23). The board of directors proposed a dividend payout of HK6.9 cents per share for the year ended 31 December 2014 (2014 Interim dividend payout: HK5.3 cents; 2014 dividend payout ratio: approximately 40%), and suggested to declare a special dividend of HK2.0 cents per share.
Mr. Shi Hongliu, Chairman and Executive Director of Hosa remarked, "In 2014, in line with the changes in market environment and business landscape, the Group made active response to seize the opportunities offered by the booming sports industry and the specialized market. Besides, the Group focused on the consumers' pursuit for sports lifestyle to actively promote innovation and reform with an aim to sustain a steady and healthy development trend. While fostering the continuous growth of our existing indoor sportswear business, the Group also progressively implemented strategic deployment in the sport industry based on our sports industry development strategies, and thus created a larger room for the future development of the Group."
In 2015, in respect of the indoor sportswear business, the Group will maintain and improve its strategies and measures for 2014 to ensure steady business growth in the sector. The below shows the key measures adopted:
1. Focus on consumption characteristics of e-commerce, micro-mall, professional channels and direct sales by coaches, development of a specific product structure in line with the features of the new retail outlets consumption, and enhancement of the sales capability of the new retail outlets;
2. Development of smart apparel for creating new business growth point in the future;
3. Promotion of the establishment of sports and health stores, improvement of the product structure of sports and health stores and enhancement of the sales capability of single store;
4. Continuous of an omni-channel establishment for retail outlets, gradual sharing of information sharing among products/services/consumption and realization of interaction in terms of outlet sales, services and experiences for various network points;
5. Development of e-commerce business and expansion of the sales scale of e-commerce.
The Group's development strategies for the sports industry focus on the establishment of a sports ecosphere catering for consumers' healthy lifestyle to provide comprehensive 3A ("Anytime, Anywhere, Anyway") services for consumers' sports lifestyle.
From 2015, the Group will fully commence the implementation of sports business strategies with focus on the following tasks:
1. The developments of mobile internet application and large data application as well as online and offline interaction for simultaneous promotion in establishing each system in the ecosphere and gradually build up a comprehensive sport ecosphere;
2. It is planned that the fitness room management business will be in full swing in 2015.
The Group believes that the promotion and implementation of the above measures will tremendously consolidate the competitive edges in sports sector in the future. Pursuant to the Group's plan, it is anticipated that the Group would preliminarily establish the basic model for the sports ecosphere in 2015, commence full promotion and expansion and begin to generate revenue in 2016, while it is anticipated to bring along significant additional income and profit growth for the Group in 2017. The implementation of the Group's sports industry strategies will create a huge room for future development and growth of the Group as well as more significant value and return for consumers and shareholders.
Contact:
Porda Havas International Finance Communications Group
Kelly Fung +852 3150 6763 kelly.fung@pordahavas.com
Tiff Ko +852 3150 6736 tiff.ko@pordahavas.com
Sam Fang +852 3150 6721 sam.fang@pordahavas.com
Gloria Huang +852 3150 6731 gloria.huang@pordahavas.com
Fax: +852 3150 6728
Topic: Press release summary
Source: Hosa International Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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