Good Kids 2017 Financial Summary
The gross profit margin for 2017 was 38.5%, which was 4.7% higher than the 33.8% for the same period of 2016. It was mainly benefited from the increase in revenue contribution from major strategic brands with higher gross profit margin, improved cost-effectiveness and the acquisition of higher gross margin. Due to business income.
It is worth noting that regarding the year-on-year decrease in net profit, Liu Tongyou, executive director of the company, said that it was mainly affected by the US tax reform, but the company did not have actual cash payments. Therefore, from the perspective of pre-tax profit, 2017 is compared with last year. During the same period, it increased by 55.4% year-on-year.
Goodbaby International Holdings Limited management team photo before branding
The following is a Q&A record of the performance of the Zhitong Finance APP.
Q: Will the company's exports to the US be affected by the US trade war? The company is currently transforming from B2B to B2C, the number of stores opened in China in the future, the future acquisition plan? The impact of the US toy R Us bankruptcy on the company's financial status?
A: Regarding the trade war issue, we have been quickly evaluating this since last week. The impact is very small, mainly based on the following considerations: First, the contribution from China’s exports to the United States is relatively small, only 12%; The products exported to the United States are mainly baby strollers and car seats, and almost 100% of the strollers are produced in China, and the market demand is there, so unless Americans like to hold their children in their hands; We have our own production plants in the United States. This is also an industry issue. As long as there is demand in the market, our business growth will be no problem.
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