Chinese Down Clothing Company Bosideng Reports 15.6% First Half Revenue Growth

Bosideng International Holdings, China’s Largest Down Apparel Company, Reported Revenue Growth 15.6% to RMB 5.4 billion (Renminbi) in First Half (S1) of FY22 ended September 30, 2021, compared to a turnover of 4.6 RMB. billion in the same period of the previous fiscal year. Operating profit for the six-month period jumped 19.6% to 797.0 million RMB (S1 FY21: 666.3 million RMB).

Bosideng International, China’s largest down clothing company, reported 15.6% revenue growth to 5.4 billion RMB (renminbi) in the first half (H1) of FY22 ended on September 30, 2021, compared to a turnover of 4.6 billion RMB in the previous fiscal year. same previous fiscal period. The operating profit for the six-month period jumped 19.6 percent to 666.3 million RMB).

“2021 is the opening year of the group’s new three-year strategic plan. From the point of view of China’s economic development in the post-epidemic era, with the strong recovery of the Chinese economy, China’s international voice and influence of Chinese brands in the world is growing stronger day by day. . From the point of view of the development of the down clothing category, with the improvement in consumption, the scale of the Chinese down clothing market has increased significantly, international down clothing brands and four-season brands have competed. to develop in the Chinese market, with an increasingly high brand concentration, obvious high-end trend of down clothing and more noticeable siphon effect of big brands ”, Gao Dekang, Chairman and CEO of Bosideng, said in a press release.

Bosideng International, China’s largest down clothing company, reported 15.6% revenue growth to 5.4 billion RMB (renminbi) in the first half (H1) of FY22 ended on September 30, 2021, compared to a turnover of 4.6 billion RMB in the previous fiscal year. same previous fiscal period. The operating profit for the six-month period jumped 19.6 percent to 666.3 million RMB).

“From the point of view of the development of the Chinese brand, standing at the new starting point of the ’14th five-year plan’, Chinese brands ushered in the golden age of the rise of ‘new domestic products’, praised the ‘Chinese era of the consumer heart dividend of the era of the domestic product brand, “continued Dekang.

Bosideng International, China’s largest down clothing company, reported 15.6% revenue growth to 5.4 billion RMB (renminbi) in the first half (H1) of FY22 ended on September 30, 2021, compared to a turnover of 4.6 billion RMB in the previous fiscal year. same previous fiscal period. The operating profit for the six-month period jumped 19.6 percent to 666.3 million RMB).

By segment, the branded clothing business recorded a sales increase of 16.2% to 3.5 billion RMB, while the sales of OEM management activities totaled 1.4 billion RMB. In addition, sales of women’s clothing in the first half of fiscal year 22 amounted to RMB 16.4 million, and the diversified clothing business improved by 1.3% to reach 71.8 million of RMB compared to the same period of 2020. At the same time, Bosideng’s online sales increased 31.5% to reach RMB 706.9 million.

Bosideng International, China’s largest down clothing company, reported 15.6% revenue growth to 5.4 billion RMB (renminbi) in the first half (H1) of FY22 ended on September 30, 2021, compared to a turnover of 4.6 billion RMB in the previous fiscal year. same previous fiscal period. The operating profit for the six-month period jumped 19.6 percent to 666.3 million RMB).

Gross profit in the first half of the year reached 2.7 billion RMB (2.2 billion RMB), while profit attributable to shareholders was 638.5 million RMB (486.0 million RMB).

Bosideng International, China’s largest down clothing company, reported 15.6% revenue growth to 5.4 billion RMB (renminbi) in the first half (H1) of FY22 ended on September 30, 2021, compared to a turnover of 4.6 billion RMB in the previous fiscal year. same previous fiscal period. The operating profit for the six-month period jumped 19.6 percent to 666.3 million RMB).

“We’re going to consolidate the top goal, think about the future with a split-time perspective, and make sure to look ten years, think three years, and practice carefully every year. We will make major breakthroughs in key areas and climb to a new high for the “world-leading” brand and results through innovation, high-quality sourcing and innovative new consumer needs. We strive to win in the fight of brand upgrading and high quality development, which allows us to expand into the world market with the slogan “World Down Apparel, China Bosideng”, “Bosideng concluded. in the press release.

Fibre2Fashion Information Office (JL)


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