The Decline In The Luxury Sector Has Not Stopped.

I was told that

The annual report shows that as of June 30, 2016, the company's operating income was HK $55 million 847 thousand, a decrease of 32% compared with the previous year, with a gross margin of HK $20 million 717 thousand, a decrease of 43.38% over the previous year and a profit margin of HK $3 million 827 thousand for the year, representing a growth rate of 32 times compared with the previous year's HK $116 thousand.

It is reported that in September 2014, aeli leather was registered in the Cayman Islands and was listed on the Hong Kong Stock Exchange's gem in February 12, 2015.

Specializing in the manufacture and sale of leather clothing products, most of the customers are middle and high priced leather.

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Mainly in the United States, Australia, Malaysia, Hongkong and other places.

At present, there are 130 employees in Ai Li leather, and the cost of staff is second, which is about HK $15 million 300 thousand, with an average cost of HK $117 thousand and 700.

In spite of a 32 increase in shareholder profits this year, it is due to 18 million 422 thousand of the last year's listing, and its revenue status is as follows:

It is understood that the decline in the luxury sector has not stopped.

In the July list of the Fortune 500 list, the retail world was listed in the list of the top 30 companies in the retail world, but there was no one on the top of the luxury industry.

In addition, a report released earlier this year by No Agency, a luxury goods and apparel research consultancy and investment agency, predicts that the global luxury market will stop growing in 2016 and will fall into recession in the next 3 years.

Even the luxury brand circles are not confident. Ferragamo, currently CEO Michele, bluntly says that the decline in the luxury goods industry has become a trend in the 2017 men's clothing conference in Milan men's clothing week.

Due to the weakness of the luxury retail market, the number of orders for the international fashion brand customers has dropped significantly, and the revenue has dropped by 32% over the previous year, and the gross margin has decreased by 8 percentage points to 37%.

Leather clothing products are the only business of the Terri leather industry, so the industry has great influence. But its business is widely distributed in Australia, the United States, Hongkong and Malaysia. The sales volume in the mainland has dropped sharply from 7 million 663 thousand to 150 thousand this year, as shown in the following chart: broadcast to Tencent micro-blog.

It is worth mentioning that avery leather has raised HK $25 million 300 thousand on the market.

According to the annual report, 7 million 700 thousand of them are mainly used to expand marketing teams, product development and procurement, replenish operation funds, and so on, and 17 million 600 thousand remain to be used.

The price of ERT leather went up in February 2015 when it listed on the roller coaster, listing at the selling price of HK $0.55 per share, which rose by 496% on the first day of the listing, 93.6% higher on the day after the listing, and 10.5 times higher on the two day.

Unexpectedly, it fell 85% in March 5th, and has been on the low side since then. As of today, the closing price is only HK $0.57, which is almost the same as the listing price.

The average trading volume of nearly ten trading days was HK $259 thousand, which was very inactive and far from the time of listing.

Its monthly K chart is as follows: