Hongkong's Retail Industry Has Been Clouded By The Clock Industry.

Since 2012, it has gradually entered the downhill road, and the luxury winter in 2015 has made the clock industry far behind. Many Hongkong watch retailers are suffering.

Recently, a document published by Yi Po Road has made people sob the decline of the clock industry.

It is reported that in a few days ago, according to a statement issued by Yi Bo Lu, the group's single largest shareholder, Lin Weihua, has completed the pfer of the 99 million 755 thousand shares he held on the 18 day of this month. At the cost, the Group acquired by HK $225 million.

Lin Weihua's personal shares of Yi Bo Lu account for about 28.71% of the company's issued shares.

Major shareholder of Yi Bo Road completes equity pfer

Therefore,

The decision to pfer shares is probably due to the fact that Yi Bo Lu lost profits in 2015, and Hongkong's retail industry has not recovered.

According to the earnings report of the 2015 fiscal year, which was released earlier in the year of fiscal year 2015, the turnover in the 2015 fiscal year compared to 31.2% in the 2014 fiscal year dropped to HK $4 billion 143 million, while the gross profit dropped to HK $2 billion 381 million.

The line plummeted by 57.5%.

From the market perspective, China's market revenue fell 30.7%, Hongkong and Macao market revenue fell 38.5%.

The decline of the clock industry has led to the decline of the Swiss watch industry, but there is still no way to predict the clock industry that is hitting the bottom.

Therefore, a sustained slowdown in China's economy may be a drag on the global market's performance in the future.