XTEP Enters The Children Market For The 780 Million Increasing Domestic Demand Financing In China

International Holdings Limited announced yesterday that the group received eight yuan syndicate from three banks with a dual currency loan financing of 140 million Hong Kong dollars and 82 million US dollars (total 780 million HK dollars) yesterday.

It is reported that the eight banks that signed the financing agreement with XTEP are Hang Seng Bank Limited as a financing agreement signed by XTEP and the authorized coordinative arrangement of people and financing agents.

But for the purpose of this financing, XTEP did not make much explanation in the announcement.

XTEP financing HK $780 million will further enter the children's market

Statistics show that XTEP group revenue in 2011 was 5 billion 539 million 600 thousand yuan, an increase of 24% over the same period last year.

Among them, the income of XTEP brand products was about 5 billion 374 million 900 thousand yuan, up 28% over the same period last year.

Annual net profit increased by 19% over the year, reaching 966 million 400 thousand yuan.

XTEP believes that profit makers are mainly caused by the expansion of domestic demand in the domestic market, especially the rise of the brand's accurate influence and the comprehensive distribution network management.

At present, XTEP group has 7596 retail outlets in China, of which the flagship store has grown to 40.

XTEP said it will further expand its product range this year and launch the X-TOP brand as its representative.

And XTEP 1+1 children's clothing series, further March.