Vantage 1.55 Billion Sales Target This Year's Q1 Profit Surged 8 Percent

Although

Although

Home Appliances

Industry of natural disasters and the impact of RMB appreciation, but is still expected to be completed Vantage in the first half year sales target of 44%, exports to the completion of 150 million yuan of sales targets.

"Our sales target for 2008 was 15.5 billion, despite a number of natural disasters experienced in the first half, we are confident that our objectives." Two days ago, the Special Adviser to President of Vantage shares Liu interviewed said Although the appliance industry of natural disasters and the impact of RMB appreciation, but the Vantage is expected to still be able to complete the first half year sales target of 44%, exports to the completion of 150 million yuan of sales targets.

Limited impact on the disaster on the Vantage

"Although the soldiers say is the most lovely, but I have not seen before, but this is really a profound experience to." Deal in the public 12 days after the earthquake came back feeling quite Liu Wei, "in that kind of environment, I have only one idea, that is, all the money inside the wallet Dutaochulai. "It is reported that after the earthquake, Liu Wei, look immediately to the local dealer business Dujiangyan, but after witnessing a local disaster, but the first time since pocket to send to disaster areas umbrellas, tents, rice, eggs, etc.. "We have launched, including employees, including dealers 'Vantage communities' contributions, which raised over 300 million now. We will cooperate directly with local government, the money directly for the reconstruction of schools." Latest news , the Vantage will be held on June 12, "Clouds" torch Yipai relief theme party, three from the Vantage will auction its torch torch bearers to support the disaster areas.

Learned, Vantage in the affected areas a total of nine stores, are subject to varying degrees of damage. "In this disaster, we expect the loss of around one million." Wei said, however, is still expected to be completed during the first half Vantage target??? 44% of the total annual sales. Liu said the whole year sales target of 1.55 billion yuan, 1.21 billion more than last year's increase of about 3 percent.

An 8 percent surge in quarterly profit

"We will certainly be this year's profit growth." Liu said, in addition to promoting

Olympics

Sales outside the "profit-target", effective cost control. The company has expanded operations, gross margin improved. The Vantage shares first-quarter earnings have shown that a good trend, the company's operating income rose by 31%; net profit rose by 80%; gross margin of 32% over the previous year 27.17% over the same period increased by 4.79 percentage points year on year.

The PRC, according to market reports, Vantage brand household

Gas stoves

Consecutive years with sales industry first, the smoke products industry sales continue to the fourth,

Water heater

Product sales industry ranked 11. Currently, Vantage has been successfully set up in the high-end product development platform, and completed a high-water heater products (promotional name for the "simplica") to market, our products are high-end models to the transition phase, the product has been further upgraded, in order to enhance the company In the kitchen industry's overall competitiveness and market influence, and to explore the international market after the company, to build the foundation of international brand.

Vantage side said that because of technological transformation, ERP system applications to upgrade, full Olympic marketing strategy to promote financial needs such as large, the company will take various measures to seek financing.

Vantage 1.55 Billion Sales Target This Year's Q1 Profit Surged 8 Percent

By: weihua

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