Semir(SZ:002563)2022-12-08 03:22Financial Performance - The company's revenue for the first half of the year increased by 14.93% year-on-year [5] - Net profit attributable to shareholders grew by 22.94% year-on-year [5] - The Balabala brand, as the leading children's clothing brand, saw a revenue increase of 21.57% compared to the same period last year [5] - The Semir casual wear business also experienced a revenue growth of 10.3% year-on-year [5] Market Trends - The market for casual wear and children's clothing is currently experiencing growth, with a clear trend towards concentration among leading brands [5] - Smaller brands are gradually exiting the market, leading to a concentration of market share among a few leading enterprises [5] - The company is positioned to benefit from this market concentration trend, enhancing its competitive edge [6] Strategic Developments - The establishment of the Makale company aims to attract and retain key personnel for long-term development, with the company holding 63% of its shares [5] - The Makale brand will focus on products for young children and will adopt a combination of online and offline sales strategies [6] - The company is expanding its mid-to-high-end business through partnerships with international brands [8] Future Outlook - The Chinese clothing industry is expected to continue growing, with a shift towards a more competitive market since 2010 [6] - The company anticipates that its brands will benefit from the ongoing market concentration and will leverage existing advantages to expand market share [6] - The Balabala brand is expected to further increase its market share and competitive pressure on smaller brands [6]