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According to Hong Kong's daily report, cheap nike air max stock is too high, in order to save, earlier introduction fund TPG, founder of Nike more personally "mountain" and replace the President, but still failed to reverse the situation, the first half net profit back 84.9% to 44.29 million yuan (RMB, same below).Big line ratings management June was predicting Nike a full year net profit back, now expected year will record losses, as listed in 2004 for the first time since the record losses.

In the first half net profit nike air max 1 record is only 44.29 million yuan, back to the level of the first half of 2005, During the period of gross profit margin fell 3.1%, to 44.2%.During the period, the Nike company recovery part dealer inventory, orders growth fatigue make inventory balance, and receivable money trade balance rise, asset impairment provision rise to a larger extent,ray ban caravan, make the administrative spending accounts for more than two improve the point.

It is important to note that the accumulated bad loans in the first half of the provision for 61.22 million yuan, 4 times at the end of a growth, accounts receivable turnover days rise, cash turnover days extended, nike air max 95 to operating cash flow causes big influence.In addition, because of the Olympic Games in the second half of the London event promotion expenses, and the Chinese men's basketball have sponsorship, annual Nike advertising and promotion expenses will be increased, the first half of income accounts for about 13%.

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