sector: Cyclical Consumer Goods & Services ·
industry: Retail - Apparel & Accessories ·
Pou Sheng International (Holdings) Limited is an investment holding company. The Company, through its subsidiaries, is engaged in the manufacturing and sales of original equipment manufacturer (OEM) footwear (manufacturing business), retailing of sportswear (retail business), distribution of licensed products (brand licensee business) and, operation and management of sportswear malls (property leasing and management). As at September 30, 2008, the Company together with its regional joint ventures, operated a total of 4,728 directly operated retail outlets across People’s Republic of China. As at September 30, 2008, the number of retail outlets operated by the Company’s retail sub-distributors and its regional joint ventures’ retail sub-distributors amounted to 877 and 2,631 respectively. In addition, the Company manufactures for five brands at its Taicang factory, including Li Ning, ANTA, Umbro, Kappa and 361°.
BRIEF: For the nine months ended 30 June 2009, Pou Sheng International(Holdings) Ltd's revenue increased 20% to $805.9M. Net income decreased 74% to $16M. Revenue reflects increased demand for the company's products & services. Net income was offset by an increase in cost of sales, higher selling and distribution expenses, a rise in administrative expenses and decreased gain on fair value changes on derivative financial instruments.
Pou Sheng International (Holdings) Limited
Suites 3108-11
31st Flr Tower 6
The Gateway 9 Canton Rd Kowloo