At the earnings conference that day

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Rina77RS
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Joined: Sun Dec 22, 2024 9:09 am

At the earnings conference that day

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Executives mentioned and emphasized the Chinese market many times. Among them, as to the reasons for the continued improvement in performance, management pointed out that on the one hand, the outdoor trend in the Chinese market is very strong. In addition to traditional male consumers, the outdoor category is also attracting younger consumers and female consumers, and more luxury consumers are also seen consuming in the company's related categories. Secondly, the current Chinese consumer market has evolved into a win-lose situation and polarization. Amer Sports is still a small and professional brand that resonates strongly with Chinese consumers. Third, and most importantly, I believe that Amer Sports has the best team in China, which brings significant competitive advantages to the product portfolio.

During the conference call, management pointed out that indonesia phone number sample Salomon's penetration rate in the Chinese market doubled last year, and seven new stores were opened in China in the second quarter, bringing the total to 136. It is expected that by the end of 2024, there will be a total of about 200 self-operated and authorized Salomon stores in China's first- and second-tier cities.

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While learning from outside and absorbing excellent experience, Yonghui has also continuously strengthened its own talent team building. In order to continue to accumulate emerging forces, Yonghui has introduced a total of 817 college students through the "1933 Project" in the first half of the year, covering positions such as technology, online, supply chain, and store operations. It is understood that the "1933 Project" is a special project established by Yonghui to develop internal reserve cadres and talents. After more than ten years of development, the project has established a systematic, process-based, and standardized management trainee training system.

Specifically, the rental income of the commercial investment business increased by 6% year-on-year to 5.32 billion yuan in the first half of 2024, and the occupancy rate at the end of the period was 96%. Sales and passenger flow both increased, with turnover increasing by 12% year-on-year and average daily passenger flow increasing by 16% year-on-year. Three new shopping malls were put into operation in the first half of the year, and they opened with high quality. Among them, Chengdu Dong'an Tianjie and Nanjing Yushan Tianjie are heavy asset projects, and Chongqing Yunling Tianjie, a light asset project, opened six months ahead of schedule.
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