BELLE: Revenue And Profit Will Not Be Reversed In The Next One Or Two Years.

China's largest shoe retailer

International Holdings Limited continued to slack in the first quarter of the past 2017 fiscal year. When it released its 2016 annual performance in May, it pointed out that revenue and earnings could not be reversed in the next one or two years.

As of the first three months of May 31st, BELLE International China Mainland

Same store sales fell 16% year-on-year, or more than 10% in three consecutive quarters.

At the same time, sports,

Business growth continued to slow down, while domestic sales in the same period grew by only 5.5%, compared with over three growth in the previous three quarters.

The chief executive and executive director of the group, Sheng Bai pepper, expects the footwear industry to maintain a downward trend in the second half of last year's performance press conference, and there will be no major change in the 2017 year.

As of the end of the season, there were 20876 direct retail outlets in mainland China, 13655 of which were footwear stores, 7221 of which were sports and clothing stores, with a net loss of 107 and a net increase of 110 over the year February 29th.

BELLE international recorded a huge net profit decline of 38.4% in fiscal year 2016, which is the first time that the group has been listed for the first time in nine years.

He is also very pessimistic about the short-term prospects, and reveals that the group is therefore considering whether there is a need to make a pition. He said that the group will only "die slowly" without pformation, but if fundamental changes are made, it will face enormous risks and speed up the decline of performance.

As for when to make a decision on pformation, Sheng Bai Jiao expresses his wish to make decisions as soon as possible. The key lies in whether he can make changes in his mind.