On March 9, Zhejiang Semir Garment Co.Ltd(002563) released the performance express. In 2021, the company’s operating revenue was about 15.419 billion yuan, a year-on-year increase of 1.41%; The net profit attributable to shareholders of listed companies was about 1.486 billion yuan, an increase of 84.39% year-on-year; The basic earnings per share was 0.55 yuan, a year-on-year increase of 83.33%.
When it comes to the reasons for the slight increase in revenue but the sharp rise in net profit, Zhejiang Semir Garment Co.Ltd(002563) said that it was mainly because the operating performance of the company was affected by the epidemic and the loss of French kidiliz group in the same period of last year, and the base was low. From the financial report data, if the consolidated loss of French kidiliz group in the same period of last year is excluded, the net profit attributable to the shareholders of Listed Companies in 2020 will be 1.302 billion yuan. Based on comparable caliber, the growth rate of this data in 2021 is expected to be 14.06%.
In order to continuously develop children’s clothing business, in 2018, Zhejiang Semir Garment Co.Ltd(002563) successively joined hands with TCP, a leading children’s clothing brand in North America, and acquired cocotree, a youth clothing brand, and kidiliz group in France. However, this series of operations did not bring ideal results to the company, but dragged down the performance. After the consolidation, the global business loss of kidiliz group expanded, which had a great impact on the performance of Zhejiang Semir Garment Co.Ltd(002563) . At the beginning of September 2020, Semir completely divested the relevant businesses of the French kidiliz group.
Zhejiang Semir Garment Co.Ltd(002563) said that the company continued to adhere to the principle of “taking all consumers as the center” and continued to promote the construction of core competencies such as brand operation, product innovation, retail experience and supply chain management. At the same time, efforts should be made to improve the company’s product strength, brand strength and channel strength, accelerate the digital transformation of enterprises, and capture emerging channel opportunities.
