SHANGHAI :
Heilan Home Reports First-Half Revenue of Nearly USD1.5 Billion
Chen Juan
DATE:  Aug 25 2017
/ SOURCE:  Yicai
Heilan Home Reports First-Half Revenue of Nearly USD1.5 Billion Heilan Home Reports First-Half Revenue of Nearly USD1.5 Billion

(Yicai Global) Aug. 25 -- Chinese apparel maker Heilan Home Co.'s [SHA:600398] net profit rose 5.77 percent annually to CNY1.87 billion in the first half, its latest financial figures show.

Founded in 1997, Heilan is a leading apparel maker owning several brands and achieved revenue of CNY9.25 billion in the first six months of this year, up 5.6 percent from a year ago, with revenue from principal businesses growing 6.38 percent annually to CNY9.1 billion.

Heilan will acquire a 10 percent stake in Kuaishang Apparel (Guangzhou) Ltd., which owns fashion brand Urban Revivo, for CNY100 million, it said earlier this month. 

The move marks an important step in the company's efforts to establish its presence in the fast fashion field as it shifts its focus toward chic products popular among the younger generation.

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Keywords:   Heilan Home Co.