Yowant Technology(SZ:002291)2022-12-08 08:06Financial Performance - The company's gross profit margin has improved due to an increase in product sales prices while unit costs remained stable [1][2] - Sales expenses slightly decreased compared to the same period last year, while management and financial expenses increased [2] - Financial expenses surged significantly due to increased short-term and long-term borrowings and rising interest rates [2] Store Management - The company has closed underperforming stores and will continue to optimize store structure and quality, but the pace of closures will not increase in the second half of the year [3] Inventory Situation - The total inventory increased slightly compared to the beginning of the year, with a decrease in inventory aged under two years and an increase in inventory aged over two years [3] Brand Development - The company is enhancing its brand core competitiveness by integrating Hai Pu Footwear and leveraging its management expertise in product design and brand promotion [3][4] - Collaborations with celebrities and various promotional channels are being utilized to enhance brand visibility and cultural messaging [4] E-commerce Growth - The e-commerce segment generated sales revenue of 121 million yuan, a year-on-year increase of 84.38%, accounting for 13.82% of total business revenue [4] - The company aims to maintain a growth rate of no less than 50% in its e-commerce business for the second half of the year despite industry uncertainties [4]