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Will the blessing of the international, Sasha investment rating by "recommend" down to "neutral": Hong Kong consumption growth rate of decline will be in two companies growth performance form a larger pressure, and Sasha market value is very small, there is also the liquidity risk. Need to point out is, although we recommend to give rating of the department and earnings growth of ghd hair straightener australia with confidence, but the market may be due to the retail sector performance growth slows down and the corresponding cut valuations central, the company may be faced with a certain pressure valuations. But in earnings certainty and valuations are advantage between, we more emphasis on the former for optimizing the basis for the company.
Three quarters of performance preview: expect the company 3 quarter sales income is 1.05 billion yuan RMB, a 24% growth year; Business net profit of 23 million yuan, a year-on-year increase of 244%, earnings per share of 0.06 Yuan. Although three quarter broadening of the road reconstruction ghd australia store sales formed some effect, but with the company in local market area control and network covers advantage, we expect its sales growth is expected to reach 24% or so still, located in the department store companies at a high level.
The sales growth, gross margin rapid ascension and fee rates drop will still be pull ghd hair straightener rapidly growing company's performance the main strength. In addition, the company huai nan shopping center shop and loan shop in respectively on 26 September and October 12, start business, the company subsequent growth performance opened the space. At present the profit forecast, the company in the fourth quarter net profit for as long as a year-on-year increase of 5% or so to be able to achieve our expectations, we think it is relatively easy to accomplish, temporary not for profit forecast adjustment is the cause of our company is expected to have three fourth quarter at department stores, guard for the purpose of performance for rapid growth not hypothesis.