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361° released 2021 interim results: revenue of 3.1 billion rose by 15.7%, net profit of 400 million rose by more than 30%

At noon on August 17, Beijing time, 361° announced its results for the first six months of fiscal 2021. According to the interim report, 361° revenue was 3.107 billion yuan, a year-on-year increase of 15.7%; gross profit was 1.3 billion yuan, a year-on-year increase of 28%; operating profit was 710 million yuan, a year-on-year increase of 32%; net profit was 401 million yuan, a year-on-year increase of 32.9% .

In terms of profitability ratio, gross profit margin of 41.8% increased by 4 percentage points year-on-year, operating profit margin of 22.9% increased by 2.9 percentage points year-on-year, and net profit margin of 12.9% increased by 1.7 percentage points year-on-year.

66 Due to the repayment of US$500 million of bonds during the period, the debt ratio of 361° fell from 16.7% to 2%. As of June 30, the company’s cash and equivalents were 2.966 billion yuan.

In addition, 361°'s inventory was 630 million, a decrease of 16.7% from the end of last year, inventory turnover days decreased from 41 days to 70 days, revenue payment turnover days decreased from 13 days to 146 days, and payment turnover days decreased by 44 days to 107 days.

The total number of 361° stores decreased by 10 from the end of last year to 5,155.