Corporate Presentation
(March 2013)
Business
Overview:
The uncertainty
of the global market makes it a challenging time for the fashion and textile industry.
The United States was recovering but at a slower pace than expected, while Europe
continued to struggle with its unabated debts which dampened consumers’ confidence.
China’s economy
is losing its strong growth, partly due to the sluggish global economy and continuing
uncertainty in the Eurozone economy, as well as its own inflation.
Consumers’ power
today has weakened and demand veers towards a focus on price and basics. The Group
continues to focus on better quality, speed to market and improving productivity,
targeting new customers especially in Europe and Asia.
- Continue to improve its efficiency and profitability in the OEM/ODM business;
- Focus on design innovation, impeccable quality and speed – to – market delivery;
- Emphasis on controlling operating expenditures, improving our services to customers and making aggressive inroads in market development; and
- Explore new customers, especially in Europe and Asia.
Business
Strategies & Outlook – Retail:
Strategies
for 2013 continue to focus on...
- Intensive training particularly for store managers, merchandising and sales staff through professional courses from CTG’s fashion school
- “Finity” for ladies and “Riverstone” for men continue to be the main focus in 2013
- The new joint venture with GIII Apparel Group Limited, “Calvin Klein – Performance”, is set to continue its aggressive growth in China’s market where trendy active wear is becoming very popular and in great demand
- Overall, the forecast for the year to come is conservatively optimistic although the pace will be set by the return to health of the international markets in general.
To view full presentation please visit:
Investor Relations Asia Pacific 2013, 2012 Final Results Corporate Presentation, viewed 13 March 2014, http://www.irasia.com/listco/hk/chinating/cpresent/index.htm
Hello again!
ReplyDeleteHave you found that your china based company has decreased in sales for the latest year? My company has and the chairman states that it is party due to the Diaoyu Islands dispute between china and japan. Just wondering if your company is experiencing anything due to this dispute also?
enjoying your blog :)
Why hello :)
ReplyDeleteIn 2012, China Ting Group's total comprehensive income was down 217,086 [HK $'000] since 2009.
My company's chairman, TING MAN YI, stated:
"Markets worldwide remain unpredictable with Europe still mired in its fiscal debts without any determinative solutions and a slower than expected US recovery. All this has created a domino effect on Asian markets as well, provoking an ensuing deceleration in the countries’ expansion, including China."
So that's interesting that they're differing reasons for decreased sales.