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Net profit increased slightly in most clothing listed companies

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Entering July, listed companies’ performance report in the first half of 2012 will be disclosed. Up to July 16th, 54 textile and clothing listed companies published performance report. Among them, 5 companies’ net profit increased, 23 companies’ net profit slightly increased , 6 companies’ net profit slightly reduced, 4 companies’ net profit reduced compared with the expectation, 6 companies had losses for the first time, 9 companies sustained losses and 1 company made up the deficits and got surpluses.

CANUDILO achieved operating income of CNY 168 million in the first quarter of 2012, an increase of 36.48% y/y .Net profit was CNY 54 million, an increase of 53.38%y/y. CANUDILO had an optimistic view about the first half of 2012, expected the net profit increasing 50%~60% y/y. CANUDILO’ net profit in the first half of 2011 was CNY 50.72 million.

In addition, multi-brand pattern and the growing maturity,Saint Angelo also had an optimistic view about the first half of 2012 , expected the net profit increasing 30%~60% y/y. Saint Angelo’ net profit in the first half of 2011 was CNY 92.65 million.

According to performance report in the first half of 2012, TOREAD achieved sales revenue about CNY 374 million ~ CNY 399 million, an increase of 50%~60% y/y;Total profits about CNY 75 million ~ CNY 84.90 million, an increase of 46%~65% y/y;Net profit about CNY 56.6 million ~ CNY 63.10 million, an increase of 30%~45% y/y.

Septwolves also projected net profit increasing by 30%~50% compared with the same period in last year. Septwolves net profit in the first half of 2011 was CNY 174.89 million.

After listing, LANCY brand awareness and influence further improved,marketing capabilities enhanced and terminal sales channels increased greatly. LANCY projected net profit increasing by 20%~50% compared with the same period in last year. LANCY net profit in the first half of 2011 was CNY 96.2 million.

January - June 2012,projected performance

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