Burberry (LN:BRBY) profit warning, rookie (1910) sales growth in the third quarter of this year, all show that the global demand for luxury goods has slackened. Time Collection (1023) is an outsourced manufacturer of handbags and small leather goods from a number of luxury brands, including Coach (6388) and Prada (1913). Of course, more than 80% of the revenue comes from North America and Asia, but the focus of consolidation on the mainland is one of the overall development strategies.

With its working level and timely delivery ability, we have successfully maintained a close cooperative relationship with the above brands for many years, and have won a lot of new customers. By the end of June this year, revenue and profits for the whole year had risen by 33.9% and 26% respectively, sales of products had increased by 261% to 1548 units, and the utilization rate of production capacity had increased by 4 percentage points to 80%.

Raw materials account for the largest proportion of the cost, but the cost of raw materials accounts for 59.7% of the income from 60.7% in the same period last year. By adopting the fixed model of cost plus interest, the market can marry the cost to customers, and the gross profit margin can be maintained at 22%. At present, the second phase of Anglo-German manufacturing facilities is under construction, and it is expected that the total output will increase by about 10% to 2200 million pieces per year by the end of next year.

Last year, Jishi began to set up a retail store in China and Hong Kong under its own brand "TUSCAN'S". However, the initial investment enabled it to record a profit of $21.8 million, short-term or negative overall profitability. By the end of September, the total number of retail stores had increased to 36, and continued to set up retail networks in second-and third-tier cities in the southwest, with a view to increasing the number of branches to 100 in the next three years.

The collection of various indicators shows satisfactory results, of which the number of days in the deposit week fell by 4 days to 48 days in the same period last year as a result of inventory management, with a cash flow of 750 million yuan and good health during the period. On the long run, stocks gradually move higher along the 10-day line, and STC%K continues to move higher than the% D line in the overrun area, but there is expected to be great resistance in the insurance market, which is suitable to attract RMB 4.7. if it does not fall below RMB4.50, it can continue to hold.