In The First Half Of The Year, Revenue Was 2 Billion 555 Million Yuan.

Today released the interim results in 2016. In 1-6 months of this year, the business income of 360 degrees reached 2 billion 555 million yuan, an increase of 15.72% compared with the same period last year, achieving a net profit of 273 million yuan, an increase of 1.30% compared with the same period last year.

Researcher Huang Shichuan said that the current 31st degree of operation data is in line with expectations, and the number of stores is around 7000. It is reasonable to close some stores, which helps to flatten channels, help reduce costs, and focus on same store growth and channel health to maintain sustainable development momentum.

As an official sponsor, the group is sponsoring Olympiad Olympiad in Brazil and the Olympiad of the disabled.

Sports meetings can enhance ascension.

Visibility, speed up overseas layout, incremental revenue can be thickened, and international and diversified product upgrading can enhance domestic competitiveness.

Reporters also learned in the interview that the industry believes that due to the steady recovery of the domestic sporting goods market and the strong support of the government, plus the 2016 Rio Olympics and the 2022 Winter Olympic Games in Beijing will bring new growth assistance to the company, it is estimated that the compound annual growth rate of revenue and net profit will reach 16.2% and 24.7% respectively by 2017 361.

As the first Chinese sporting goods Brand Company, the official sponsor of the 2016 Rio De Janeiro Summer Olympics and Paralympic Games was successfully sponsored as the official sponsor of the two level.

As one of the sponsors of the 2016 Rio De Janeiro Olympic and Paralympic Games, the sales growth of overseas business increased more than doubled to RMB 45 million 200 thousand, compared with 20 million 500 thousand yuan in 2015, accounting for 1.7% of total revenue.

The reporter noted that in the first half of this year, the total number of 361 degree sports shops was reduced from 7208 to 6853, and the total sales point of 361 degree children's clothing increased from 2350 to 2416. 1134 of them were located at 361 degree adult clothing store, and the turnover of 361 children's clothing accounted for 10.7% of the group's turnover.

As of June 30, 2016, the revenue of 31st degree through e-commerce distributor channels reached RMB 166 million 400 thousand yuan, an increase of 166.7% over the same period last year (2015 in the first half: 62 million 400 thousand yuan), accounting for 6.5% of the group's total turnover (in the first half of 2015: 2.8%).

In the future, the group will continue to promote the network sales of modern e-commerce, and develop it into an important part of the group's revenue.

As of June 30, 2016, 360% has established wholly-owned subsidiary companies in Brazil and the United States to develop overseas business, and has 908, 180 and 52 outlets in Brazil, the United States and Europe respectively.

In the first half of 2016, the sales growth of overseas business increased more than doubled to RMB 45 million 200 thousand yuan (the first half of 2015: RMB 20 million 500 thousand yuan), accounting for about 1.7% of the total business volume of the group.

361 degrees indicated that in the next three to five years, we will vigorously invest in the rapid development of overseas business.

The group also expects that international business will increasingly become an important source of group revenue contribution.

As of June 30, 2016, ONEWAY has opened 65 self operated stores in 29 first and second tier cities in China. The group will continue to open shops in the future, laying the foundation for rapid development.

For the future development, 360 degrees will continue to promote product innovation and R & D, and achieve product differentiation to maintain the leading position in the industry.