order will increase the amount of spring and summer ,Cheap Handbags

0%, autumn and winter the amount of orders would increase more than 30% is expected to provide a safe margin, the company forecast net profit growth of 5-30% in the first half, we expect EPS for the years -3 .30, .69, .7 million, maintaining a

Total profit before tax

.49 billion, an increase of 9.75%; net profit attributable to shareholders of listed companies .6 billion, an increase of 36.03%; net profit growth exceeded income growth,Cheap Cartier Sunglasses, while benefiting from an increase in investment income 69%, the company will idle some free investment funds for financial products to obtain more investment income; the other hand, was identified as benefiting from the parent company makes high-tech enterprise income tax rate from 5% down to 5%. Diluted EPS0.45 million, slightly more than market expectations.

slight decrease in gross margin, administrative expenses rate.

gross margin down 0.4 percentage points year on year to 40.63%, mainly due to price increases not fully cover the rising costs lead. Cost of sales rate down 0.04 percentage point to 0.%; Management fee rate rose .6 percentage points to 6.4%, mainly due to: () to increase the staffing, market pay levels are increased, a corresponding increase in staff salary costs; () company to increase product R & D investment, research and development expenses increased significantly over the same period; (3) Company Stock Option Incentive Plan, and provided the more over the same period the stock options costs (first quarter, more than 400 million cost provision for the year is expected Provision for 000-000 million years provide end).

endogenous growth

multifaceted development effort.

the company since 2000 implemented a number of internal management reform: () design research and development, strengthen the March 7 fashion show held in Beijing Sheng Wosi, April 8 fashion show organized by entrepreneurs, all entrepreneurs are put on display seven wolves Men's T-Taiwan show); (3) terminal, to improve the image of the terminal shops, upgrade ERP system, refining its management, and actively digest inventory (new ones second-hand goods dealers to headquarters through the discount, the net purchase of way make an inventory of stock); (4) expansion, enhancing the Direct proportion, increase subsidies stimulate franchisees The expansion of power, the additional stores are expected to moderate speed. We believe that these measures will gradually have a positive effect. Early April,

agent learning experience of international luxury brands, maintaining a

3 ? 9 ? announced the acquisition of seven wolves in Hangzhou Kenner clothing, the agency and the famous Italian brand Canali Kala Li Versace Versace collection, and the famous Danish GEORG JENSEN Georg Jensen jewelry accessories in mainland China's business in the short term well-known brands in order to learn merchandising, order will guide, terminal management, long term profitability is expected to increase in the future new growth point.

order will increase the amount of spring and summer

0%, autumn and winter is expected to increase the amount of orders will provide a safe margin of more than 30%, the company forecast net profit growth of 5-30% in the first half, we expect EPS for the years -3 .30, .69,Cheap Cartier Glasses, .7 million, maintaining a

revenue increased 9% in first quarter net profit by 36%, slightly more than market expectations.

first quarter operating income of 750 million, up by 8.97%, on the one hand due to increased orders (basic causes of price growth, very little volume growth), operating income increased; the other hand, accelerated due to supply chain reaction, a certain degree of advance shipping (delivery to benefit from the company more than 96% accuracy rate, and the vendor funded). Medium-term sales growth is expected to drop to the level of ordering.