Company Profile For Bosideng International Holdings Ltd

Bosideng International Holdings Limited is engaged in the research, design and development, raw materials procurement, outsourced manufacturing, and marketing and distribution of its branded down apparel products. Its retail distribution network comprises of 5,662 retail outlets covering more than 65 cities. The Company sells its apparel under six brands, including Bosideng, Snow Flying, Kangbo, Bingjie, Shuangyu and Shangyu. It has two business segments: down apparels carries on the business of sourcing and distributing down apparels; original equipment manufacturing (OEM) management carries on the business of sourcing and distributing OEM apparels. On May 15, 2009, the Company acquired Ying Fai International Investment Limited. On May 28, 2009, the Company and Iconix China Limited established a joint venture company for operating the Rocawear business in the Greater China Region. Its subsidiaries include Bosideng International Fashion Ltd. and International Company Bosideng Ltd.

BRIEF: For the fiscal year ended 31 March 2009, Bosideng International Holdings Limited's revenues decreased 19% to RMB4.28B. Net income decreased 33% to RMB748.1M. Revenues reflect a decrease in income from Down Apparels segment and lower income from OEM Management segment. Net income also reflects a decrease in gross & operating profit margins, lower other income and a rise in administrative expenses.