Qin Dazhong: to build a brand under RDKhope 'entrepreneurs' to accompany us and our partners to grow, our dealers are the real entrepreneurs Oral / China Dongxiang CEO Qin Dazhong finishing / Articles trainee reporter YE 'Entrepreneur' magazine each issue I would seriously Look. Two purposes: First, we successfully listed, but also require sustained entrepreneurial mentality which, regardless of company size must always maintained. The second is that by 'entrepreneurs' to find some opportunity to see how other entrepreneurs have to think, if there are new business opportunities, 'Entrepreneur' provides us with the information channel. 'Entrepreneur' reports on trends in the growth of helpful, we have to pay for each dealer on Nike Air Jordan 12 a set. We hope to 'entrepreneurs' entrepreneurial spirit so that they learn Nike Air Jordan 5 to know the process of enterprise development should be thinking about what issues, how to respect people and other investments. Contract spirit, commitment to respect these are very important quality entrepreneurs hope that 'entrepreneurs' to be with us and co-development. In my opinion, our dealers are real entrepreneurs. After the listing, we are always looking for new growth. As CEO, I would like Womens Nike KD VI to speed up. M \u0026 A is one way, before we have acquired in Japan PHENIX. Japan has been difficult to integrate the companies, but for now, we are quite successful integration. Prior to acquisition, the Japanese company Nike Air Yeezy II has been in huge loss of state PHENIX almost annual deficit of about $ 15 million, which is Nike Air Max fatal. So the first thing to reduced losses and no loss. Now we have margin increased from 37.5% to 45%, basically in the state is not a loss. Next we have to play its outdoor product development efforts, aimed at the pilot next year in China. In addition, the company did not begin other acquisitions, this is mainly for two reasons: First, the trend is not willing to buyout firms, just want the brand. At home, we did not find more appropriate, and in foreign countries, integration costs are too high. Although the results of the integration of the PHENIX success, but the process consumes a lot of resources, then the United States and Europe are not the same? In addition, they have the ability to manage, which require careful consideration. In the past few years environment, we do the Kappa, but does not mean that in the current environment, can do other brands. Womens Heels Nike Zoom Soldier VIII Financial companies listed 50 billion, and now paying the money not paid out, as CEO, I have a lot of pressure. We also review that he is not too conservative, that it may have with us seven directors in five related financial background. Now we introduce the president Jin Zhiguo, Tsingtao Brewery, Tsingtao before he led the sales and brand acquisitions made remarkable achievements, we want him on brand acquisitions and sales management to the company for help. Although no new acquisitions, but we are still looking for other breakthroughs. RDK is a brand we are being tested, and the outside world know that we bought Kappa brand, we also do not know the brothers bought the Kappa brand RDK (Robe Di Kappa, referred RDK). In Italy, Kappa partial movement, RDK biased fashion. Currently, Nike Air Zoom Flight The Glove 30 stores have been opened, with the development of the Chinese market, we want to be able to use up RDK assets, after Kappa single brand success, and then to create a successful brand. Although the 30 stores not enough to prop up a brand, Nike Hyperdunk 2014 this business is at a loss, but we believe that this pay is worth it. Each brand's appeal is not the same, we hope that it will accept the market test. Such as Kappa usually open on the 5th floor of the mall, while RDK brand Womens Heels only on the third floor, so we learn Air Jordan Outlet from the successful strategies before Kappa have to make some adjustments. If all goes well, maybe next year we can open 120 stores, the year after opening 400 Cheap Nike Free Outlet stores. This new growth comes from a single brand, will drive the growth Nike LeBron X PS Elite class="category-top">Womens Nike LeBron X of the company's performance. According to the plan, we will introduce PHENIX in the year after, it will make the company formed stepwise development. As a listed company, Kappa's business can bring stable cash flow more than ten billion a year in external development company temporarily does not need to spend a lot of money, we give investors high dividend return. Meanwhile, we continue to accumulate the potential of new business Nike KD VI Elite development. Sound, long-term returns to investment professionals more accountable, rather than simply spend the money, spend money is more important than fast money. If the listing is the peak, I think that the trend is in the trough. Over the past year, our company's internal operating system was relatively large adjustment, you want rapid growth, this is a must. Kappa is a sports brand, so I hope that China should keep the spirit of the movement trends. In the past, I like to swim, it's a man of endurance, perseverance is a test, but the feeling is their own war with himself. This year, experiencing stressful times, I would choose to play tennis with friends or coaches do combat sports together, not only exercise the body, the pressure has been released.