Jiumu Wang Men's First-Quarter Gross Margin Rate Hits Historical Highs

In the first half of the year, the gross margin of the company hit a record high, reaching 57.57%, an increase of 1.11 percentage points year-on-year.
In the first half of the year, the gross margin of the company hit a record high, reaching 57.57%, an increase of 1.11 percentage points year-on-year. Driven by the rapid decrease in the financial expense ratio, it was down by nearly 5 percentage points year-on-year. In combination with the semi-annual report, slightly increase the 2012-2014 earnings per share to 1.21 yuan, 1.45 yuan, and 1.85 yuan, corresponding to a 20-fold P/E ratio in 2012. Although the apparel consumption will be affected by the economic situation this year, but from a year-round perspective, the company can maintain a relatively steady and relatively rapid growth. Maintain the "strongly recommended -A" rating.

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