Homepage
PR Newswire
12-11-2012, 10:32 PM
Qingmei Group 1Q result is announced today
Quoted from the announcement below.
"Amidst this operating environment, the Group’s revenue fell 85.5% from RMB364.9 million in 1QFY12 to RMB53.0 million in 1QFY13 as sales quantity of shoe soles delivered decreased from 13.7 million pairs to 3.0 million pairs. Sales volume for MD II, MD I and RB dropped 76.1%, 78.3% and 88.2% respectively. At the gross level, the Group recorded a loss of RM18.2 million in 1QFY13. This was attributed to higher fixed overhead unit cost of production due to significantly lower production volume, the write down of inventories to net realisable value and the decrease in average selling price of its products."
Quoted from the announcement below.
"Amidst this operating environment, the Group’s revenue fell 85.5% from RMB364.9 million in 1QFY12 to RMB53.0 million in 1QFY13 as sales quantity of shoe soles delivered decreased from 13.7 million pairs to 3.0 million pairs. Sales volume for MD II, MD I and RB dropped 76.1%, 78.3% and 88.2% respectively. At the gross level, the Group recorded a loss of RM18.2 million in 1QFY13. This was attributed to higher fixed overhead unit cost of production due to significantly lower production volume, the write down of inventories to net realisable value and the decrease in average selling price of its products."
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡