89 days, inventory turnover days from 15 days to 104 days, mainly due to rising import shares. Operating cash flow has been basically in balance, net cash of about 230 million dollars (12 net debt of 850 million dollars).Strong sales of new products, new balance 991 uk storage structure improved. Second half of 2013 proprietary shops recorded higher growth in same-store sales, its revenue also increased to 30% per cent above, Terminal improved to 70 percent-80 percent discount rate, discount rate is normal and seasonal products in sold out about 40%. Li Ning company management target in 2014
will further improve the sellout rate to more than 50%. Corporate library sales ratio improved to 7 months, of which stock reduced to 50% per cent, its sales also dropped to 4 months. Future distribution channel of continuous improvement and optimization of inventory structure will further improve store efficiency and new balance 996 uk profitability.Changes in value terms, earnings turning point appeared. Haitong International believed the company starting in 2012 for recovery plan will gradually have a positive return on investment, will be reflected in the improved financial results
and cash flows in 2014, will focus on the improvement of profitability and cash flow. Benefit from the performance and profit recovery, haitong international believe that in 2014 the company losses recorded a net profit of around 110 million dollars. (China-shoes excursions, the most authoritative professional shoes industry information centre. Media partners: shoe pattern) "observation on Chinese shoes network-branded" recently, Anta, Li Ning, China (sports brands as CAPA), xtep and 361 degrees, and peak 6 domestic sportswear brands announced the 2013 annual financial statements. According to public disclosure of relevant data and