XTEP is pleased to announce a positive profit forecast today. We expect that for the year ending December 31, 2018, the company's consolidated net profit attributable to ordinary equity holders will increase significantly by approximately 50-60% compared with last year. This expected growth is mainly due to a substantial increase in consolidated revenue of approximately 25%. The revenue growth is attributed to: 1) store upgrades and retail network optimization, resulting in strong retail store sales performance, increased product supply and recognition, resulting in higher sales Out-of-stock rate and replenishment orders from agents; 2) Due to the Group’s inventory buyback in 2017, agents’ demand for replenishment of inventory increased.
For details, please see the text of the announcement as follows:
