Canudi Road's net profit for the first three quarters increased by more than 60% from the same period last year to 093 million.

Canudi Road, a local listed company in Guangzhou, issued a three-quarters report last night, showing that the company achieved total operating income of 395 million yuan in the first three quarters of this year, an increase of 38.27% year-on-year; net profit of 93 million yuan, a year-on-year increase of 61.78%; basic earnings per share of 0.16 yuan. In the secondary market, Kanudi Road closed at 41.65 yuan yesterday, a slight increase of 0.85%. The stock has recently been active, closing from September 27 to yesterday, with a cumulative increase of 19.68%.

The company stated that the increase in net profit was due to the increase in the number of direct-operated stores of the company and the increase in orders from franchisees, the increase in operating scale and the increase in operating revenue. The company expects that this year's annual net profit will reach between 153 million to 175 million yuan, an increase of 40% to 60%.

The good development momentum of the company continues to attract the attention of the agencies. The third quarterly report shows that at the end of the third quarter, the company’s top ten circulating shareholders were institutional investors, of which 9 were funds and 1 was a securities company’s own account, holding a total of 10.41 million shares. Compared with the number of shareholders of the 5,887 households at the end of the second quarter, the number of shareholders at the end of the third quarter tends to be concentrated at 4,987.

It is worth noting that the expansion of Canudi Road has not stopped. The company announced last night that its subsidiary company Guangzhou Lian Jiayueyuan and Hangzhou Lianka Hengfu Brand Management Co., Ltd. (hereinafter referred to as “Hangzhou Hengfu”), Meng Jianping, and Zhang Ning have signed the “Hangzhou Company” on October 18th. “Kanhengfu Brand Management Co., Ltd. Investment Agreement”, Guangzhou Lianka Yueyue intends to invest RMB 16 million in equity acquisition and capital increase of Hangzhou Hengfu.

It is understood that Hangzhou Hengfu was established on March 17, 2011, and its main business is brand management services, corporate marketing planning, wholesale and retail of apparel and accessories, etc., with Paul & Shark and Lubiam. ), Renoma (Rinomar / Reynoma) and other three internationally renowned clothing brands established a brand sales agency relationship. With this equity investment, Kanudi Road is expected to strengthen its cooperation with internationally renowned apparel brands.

Kanudi Road announced last night that the company plans to sign Guangdong Construction Engineering Standard Construction Contract with Guangdong Liangliang Construction Engineering Co., Ltd. (hereinafter referred to as "Guangdong Liangliang"), which is responsible for the company's Science City [8.76 - 1.24%] Construction plan for the International Fashion Center, tentatively priced at 150 million yuan.