EQS-News

Goodbaby International Holdings Limited Announces 2014 Annual Results - Established One-Stop, Vertically Integrated Business Model through Successful Integration of Cybex and Evenflo Revenue Increased 46.0% to HK$6.1 billion with accelerated growth

(EQS-News / 01/04/2015 / 10:29 UTC+8)

[For Immediate Release]

Goodbaby International Holdings Limited
Announces 2014 Annual Results

* * *
Established One-Stop, Vertically Integrated Business Model through
Successful Integration of Cybex and Evenflo

Revenue Increased 46.0% to HK$6.1 billion with accelerated growth

For the year ended 31 December 2014 2013 Change
HK$ HK$
million million
Revenue 6,115.6 4,188.8 46.0%
Gross profit 1,527.5 960.6 59.0%
Gross profit margin 25.0% 22.9% 2.1p.p.
Operating profit 144.8 191.2 -24.3%
Profit for the year 57.7 171.1 -66.3%
Profit from ordinary business for the year 176.3 171.1 3.0%
(excluding the effect of expenses relating to
mergers and acquisitions)
Basic earnings per share (HK cents) 5 17 -70.6%



(30 March 2015, Hong Kong) Goodbaby International Holdings Limited
("Goodbaby International" or the "Company", SEHK stock code: 1086, together
with its subsidiaries, the "Group"), an international,
vertically-integrated durable juvenile products company headquartered in
China, today announces its annual results for the year ended 31 December
2014.

2014 was a milestone year for Goodbaby International. Whilst continuing to
support its blue-chip customers, the Group completed two acquisitions and
made significant progress in the overseas markets as it upgraded its
business into a one-stop, vertically integrated business model. For the
year ended 31 December 2014, the Group recorded total revenue of HK$6,115.6
million, representing an increase of 46.0% from last year. Gross profit
margin increased by 2.1 percentage points to 25.0%. Profit for the year was
HK$57.7 million. However, excluding the effect of expenses relating to
mergers and acquisitions, profit for the year amounted to HK$176.3 million,
representing an increase of 3.0%. The Board of Directors did not recommend
any final dividend.

- Cont'd -


In 2014, the China market's business maintained growth and recorded revenue
of HK$1,466.2 million, representing an increase of 8.0%. Revenue growth
accelerated from approximately 4.2% in 2013 and approximately 5.6% in the
first half of 2014 to approximately 11.3% in the second half of 2014 on
year-on-year basis.

During the year, the Group leveraged on its Brand-driven business model and
launched the 'BOOM' strategy (brand, online to offline, and mobile) to
enhance its leading online and offline position in the China market. To