Zuoan Fashion Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company’s revenues were RMB 369,559,000 against RMB 355,313,000 a year ago. Profit before taxation was RMB 92,754,000 against RMB 95,122,000 a year ago. Profit after taxation was RMB 68,981,000 against RMB 70,153,000 a year ago. Total comprehensive income for the period was RMB 68,687,000 against RMB 69,174,000 a year ago. For the year, the company’s revenues were RMB 1,427,367,000 against RMB 1,230,881,000 a year ago. Profit before taxation was RMB 348,917,000 against RMB 397,610,000 a year ago. Profit after taxation was RMB 295,380,000 against RMB 255,691,000 a year ago. Total comprehensive income for the period was RMB 294,715,000 against RMB 250,928,000 a year ago. Net cash generated from operating activities was RMB 180,968,000 against RMB 81,740,000 a year ago. Acquisition of property, plant and equipment was RMB 9,023,000 against RMB 18,173,000 a year ago. For the first quarter of 2013, the company currently anticipates revenue in the range of RMB 280 million -RMB 300 million ($44.9 million - $48.2 million), gross margin of approximately 44-46%, net income of approximately RMB 64.4 million – RMB 69.0 million ($10.3 million - $11.1 million) and basic and fully diluted EPS of approximately RMB 0.58 ($0.09) – RMB 0.62 ($0.10). The company expects to open approximately 10 new retail stores by distributors and sub-distributors in of the first quarter of 2013.

Zuoan Fashion Limited announced that they will report Q4, 2012 results at 9:00 AM, China Standard Time on Apr 25, 2013

Zuoan Fashion Limited, Q4 2012 Earnings Call, Apr 25, 2013