On October 29th, Taiping Bird disclosed its third quarterly report. In the first three quarters, it achieved operating income of 4.88 billion yuan, a year-on-year increase of 13.14%; net profit of 282 million yuan, an increase of 69.72%.
Among them, Taiping Bird’s women’s operating income rose 9.33% year-on-year to 1.827 billion yuan, while operating costs rose 18.31% year-on-year to 831 million yuan, so the gross profit margin fell 3.45% over the same period last year;
The business income of Taiping Bird Men’s Wear increased by 19.22% year-on-year to 1.666 billion yuan, and the operating cost also increased by 20.09% year-on-year, resulting in a 0.3% decline in gross profit margin;
The operating income of the children’s wear brand of the Taiping Bird also increased by 24.16% to 561 million yuan compared with the same period of last year, but the operating cost also increased by 38.13% to 282 million yuan, and the gross profit margin fell 5.08% year-on-year.