The Overall Gross Profit Rate Is 62.5%, And The Shoe Retailer And Manufacturer "Laiersdan" Announced Its Performance In Fiscal Year 2023

On May 27, the Hong Kong listed enterprise, Laiersdan Holdings Co., Ltd. (hereinafter referred to as the Group or the Company), released the annual performance announcement for the year ended February 29, 2014 (the performance time was from February 28, 2023 to February 29, 2024). The content of the performance announcement showed that:

In the 2013/24 financial year, the Group's overall income recorded a year-on-year decrease of 2.9% to RMB401400000 (2022/23: RMB413200000). Comprehensive gross profit decreased by 6.8% year on year to RMB250800000 (2022/23: RMB269200000), and the overall gross profit margin decreased by 2.7 percentage points to 62.5% compared with the same period of last fiscal year. In the financial year of 2013/24, the comprehensive loss attributable to equity holders of the Company was RMB 23500000 (2012/23: comprehensive loss of RMB 50300000).

Profitability analysis

In the year under review, the recovery process of the retail market in Hong Kong and China was not as good as expected. Economic activities and consumer confidence continued to fluctuate, and the upward momentum was not sustainable. As a result, the Group's overall income fell 2.9% year-on-year to RMB401400000. At the same time, the Group recorded a year-on-year decrease of 6.8% in gross profit for the whole year to RMB250800000 (2022/23: RMB269200000). The gross profit margin decreased by 2.7 percentage points year-on-year to 62.5%.

Introduction to Laiersdan

Laiersdan Holding Co., Ltd. is a well-known shoe retailer and manufacturer, which adopts the vertical integration business model and is engaged in the design, research and development, production and retail of men's and women's shoes, handbags and accessories in China. Since its founding in 1977 by its founder, Mr. Li Zibin, Laiersdan has developed rapidly and has become one of the well-known shoes brands in China. In 1992, Laiersdan was listed on the main board of the Stock Exchange of Hong Kong (stock code: 0738).

In addition to the "le saunda" brand, in 2001, the Group launched the shoe brand "CNE" with young fashion as the market. In April 2011, it launched the high-end brand "LINEA ROSA" with fashion and high quality, which received high attention and good reputation in the market. In addition, "le saunda MEN" was re positioned as a light luxury brand for fashionable men, and the high-profile new brand "PITTI DONNA" was born in August 2017. The concept originated from building a green life with shoes, and helping public welfare with fashion.

Retail network distribution

The Group's retail business is currently dominated by mainland China. At the end of the year, the Group had 283 physical stores in mainland China. In the year under review, there was a net decrease of 38 self operated stores and 5 franchise stores.

On February 29, 2014, the core brand le saunda had 202 stores, a net decrease of 41 stores compared with the end of last year; The number of high-end fashion brand LINEA ROSA stores decreased by 1 to 26 compared with the end of last year; In the year under review, 2 beauty shops in Hong Kong, China were closed.

As of February 29, 2014, the distribution of the Group's offline retail network was as follows:

Source of data and content: 2024.05.27, the annual results of Laiersdan (00738) as of February 29, 2014

Content source: official website of Leinstein - about our part