At the beginning of this year, Xtep Group set a full-year performance guidance of 10% revenue growth and higher profit growth than revenue growth. At the performance meeting, Xtep Group management adjusted this target.
"Sales in 2024 may not reach the target set at the beginning indonesia phone number sample of the year, but there should still be a certain growth. And under the condition of strict cost control in the second half of the year, we expect that the full-year profit target will still be able to achieve an increase of more than 20% set at the beginning of the year." Yang Lubin said.
Ding Shuibo, Chairman and CEO of Xtep Group, said in the 2024 interim results report: "Looking ahead, we will strive to adopt a conservative operating approach.
At the exchange meeting, Ding Shuibo said frankly, "The environment still has many challenges. We believe that if companies want to go long-term, they should choose different strategies based on their actual situation. At present, we still need to focus on stability and health."
He also said, "Since we are in this industry, we must improve our overall sophistication and operational capabilities. When times are good, if you don't do well, there is no way you can stand out. Similarly, no matter how bad the market is, there will be brands that stand out. So I believe that as long as we focus, we can survive the economic cycle, especially in the sports sector, we are still very confident.