07-08-2018, 08:41 PM
2Q2018 Results is out which doesn't look good, as expected.
The surprise was in membership
Previous reported DS membership include members under China export segment ?????????????????????????????????????????????
Are you kidding me?
How did BWI "keeps track of its consumer members under the Export Segment in China" ?
Consumer members under China Export segment has been grouped under DS membership.
This seems to be a validation that, "the Export model" was indeed a "DS model in disguise".................Ha-ha!
1Q2018 Results:
As at 31 March 2018, total membership for the Group’s Direct Selling business increased 2.1% to 500,259 members as compared to 31 December 2017. Active distributors, which refers to members who have received commission over the last 12 months stands at 9.8% of total membership.
2Q2018 Results:
Prior to the Group’s transition into the Franchise Segment in China, the total number of members disclosed in the quarterly results announcement comprised (1) members under the Direct Selling Segment, and (2) consumer members under the Export Segment in China. Going forward, the disclosure on the Franchise Segment will focus on the number of franchisees only as management is of the view that the number of franchisees is a more accurate indicator of the Franchise Segment’s distribution capabilities in China.
As at 30 June 2018, there are 27 franchisees that our China subsidiary had entered into agreement with. These franchisees’ operations cover 10 provinces and one municipality including that of Zhejiang, Sichuan, Guangdong, Henan, Heilongjiang etc.
In line with the above changes, the Group will disclose only the total members of our Direct Selling Segment (i.e. excluding China consumer members).
As at 30 June 2018, the Group had 97,892members for its Direct Selling business
The surprise was in membership
Previous reported DS membership include members under China export segment ?????????????????????????????????????????????
Are you kidding me?
How did BWI "keeps track of its consumer members under the Export Segment in China" ?
Consumer members under China Export segment has been grouped under DS membership.
This seems to be a validation that, "the Export model" was indeed a "DS model in disguise".................Ha-ha!
1Q2018 Results:
As at 31 March 2018, total membership for the Group’s Direct Selling business increased 2.1% to 500,259 members as compared to 31 December 2017. Active distributors, which refers to members who have received commission over the last 12 months stands at 9.8% of total membership.
2Q2018 Results:
Prior to the Group’s transition into the Franchise Segment in China, the total number of members disclosed in the quarterly results announcement comprised (1) members under the Direct Selling Segment, and (2) consumer members under the Export Segment in China. Going forward, the disclosure on the Franchise Segment will focus on the number of franchisees only as management is of the view that the number of franchisees is a more accurate indicator of the Franchise Segment’s distribution capabilities in China.
As at 30 June 2018, there are 27 franchisees that our China subsidiary had entered into agreement with. These franchisees’ operations cover 10 provinces and one municipality including that of Zhejiang, Sichuan, Guangdong, Henan, Heilongjiang etc.
In line with the above changes, the Group will disclose only the total members of our Direct Selling Segment (i.e. excluding China consumer members).
As at 30 June 2018, the Group had 97,892members for its Direct Selling business