HONG KONG, Sept 17, 2009 - (ACN Newswire) - The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. ("China Dongxiang" or "the Company"; stock code: 3818, together with its subsidiaries the "Group") was named as one of the "Forbes Asia's 200 Best Under A Billion" for two consecutive years. China Dongxiang ranked the 5th among the 200 companies on the list if measured by net income or market value, which is the highest among the sportswear companies in the PRC.
Mr. Chen Yihong, Chairman of China Dongxiang said, "We are pleased to be given the 'Forbes Asia's 200 Best Under A Billion' again this year. Amid the unfavourable economic environment in the PRC brought by the financial turmoil, the Group achieved remarkable results for the first half of 2009 with a substantial growth of 41.3% in core net profit. We will continue to strengthen our product design and R&D capabilities, while carrying out effective marketing and sales strategies to enhance the Kappa brand's image. Also, the Group will further enrich its brand portfolio. The launch of "Kappa Golf" earlier this year will be followed by "Kappa Ski", which is adapted from Phenix, and Robe Di Kappa ("RDK"), a sub-brand of Kappa brand with nearly 50 years of history in Italy. We are committed to becoming the leading multi-brand sportswear management enterprise in China and generate fruitful returns to our shareholders."
The candidate list was selected carefully from 25,326 small- and midsize companies with sales under US$1 billion throughout the Asia Pacific region including Australia, Japan, Indonesia, China, Hong Kong, Taiwan, etc, according to the weighted calculations of growth rate, return rate and profitability of the enterprises.
About China Dongxiang (Group) Co., Ltd
China Dongxiang (Group) Co., Ltd. is a leading international sportswear brand enterprise based in China and was successfully listed on the Stock Exchange of Hong Kong Limited on 10 Oct, 2007. The Group is primarily engaged in the design, development, marketing and wholesale of branded sportswear in China. Currently, China Dongxiang owns all rights to the internationally recognized Kappa Brand in China, Macau and Japan. Its products convey an active, fashionable and youthful image and are warmly welcomed by China's fast growing and high potential consumers. The Group finished its acquisition of a Japan sportswear enterprise Phenix on 30 April 2008. The international brand "Phenix" has the greatest market share in the skiing and outdoor sportswear market in Japan. www.dxsport.com
Issued by Porda International (Finance) PR Group for and on behalf of China Dongxiang (Group) Co., Ltd. For further information, please contact:
Ms. Harriet Lau
Tel: +852 3150 6761 / 9199 2965
Ms. Sharis Siu
Tel: +852 3150 6771 / 9316-8576
Ms. Susanna Ho
Tel: +852 3150 6755 / 9052 9451
Sept 17, 2009 21:03 HKT/SGT
Source: China Dongxiang (Group) Co., Ltd
Topic: Awards received
From the Asia Corporate News Network
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