Baoxiniao (Saint Angelo) released its 2022 annual report

On April 14, Baoxiniao (Saint Angelo) released its 2022 annual report. During the reporting period, the company realized operating income of 4.313 billion yuan and a net profit of 459 million yuan attributable to shareholders of listed companies, both of which decreased compared with the same period of the prior year. Data shows that from 2019 to 2022, SAINT ANGELO's operating income increased from 3.273 billion yuan to 4.313 billion yuan, with a CAGR of 9.64%, ranking first among the five companies in the non-sportswear industry that have disclosed 2022 data. Net profit increased from 210 million yuan to 459 million yuan, with a CAGR of 29.73%. The growth rate of profit was faster than that of revenue.

Saint Angelo, on the basis of striving for stability in offline channels and traditional e-commerce and other sales platforms, has seized the opportunity to achieve rapid development through new channels such as Douyin and new retail, and the online business has achieved continuous growth.

"Our online sales amount increased from 422 million yuan in 2019 to 798 million yuan in 2022. The online growth rate increased by 17% year-on-year, compared with an increase of 89% before the COVID-19, and the three-year CAGR was 24%." The person in charge of Saint Angelo said.