Camkids is a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, outdoor footwear and outdoor equipment targeted at the Chinese children's market. Camkids initially began trading in 1994 as an OEM and ODM shoe manufacturer, primarily for the global export market, supplying global brands such as Geox and Fila. The Group started with 50-60 workers, producing footwear manually. In 2001 it acquired a piece of land at Sanguantian Village, Qingyang Town, Jinjiang City with a land area of circa 1,500 sqm and started its first production line. In view of the rapid growth of China's own economy, in 2008 the Group decided to take advantage of the high levels of growth within the growing Chinese domestic market by designing, manufacturing and selling a complete range of high quality branded apparel, footwear and equipment for active under its own registered brand "Camkids". Camkids manufactures the majority of its footwear at its own purpose-built production facility and sub-contracts the manufacture of all of its apparel and accessories to third party OEMs. The Group is now well positioned in the Chinese teenage outdoor wear market and in 2011 Camkids sold more teenage outdoor footwear than any other brand or company in the PRC, including Nike Kids and Adidas Kids (source: The China Industrial Information Issuing Center Report, February 2012). In September 2012 Camkids was included as one of the top 500 brands in Asia. Camkids targets the children's outdoor sportswear market and sells products such as hiking boots, backpacks and all-weather jackets. The Group places a large amount of emphasis on combining functionality and innovation as well as the use of high quality materials and advanced technologies throughout its product range to produce fashionable and premium products. Camkids currently offers a wide range of outdoor sportswear products including apparel, footwear and accessories. The Group launches two new collections per year, each tailored to meet the demands of the relevant forthcoming season. Each of these product lines is managed by a separate design team. The three main product areas are: · Camkids outdoor clothing - all weather jackets, waterproof trousers, shirts, tops and T-shirts, woollen sweaters, jeans, trousers, shorts and skirts; · Camkids footwear - hiking boots, outdoor leisure footwear, flip-flops, sandals and boots; and · Camkids equipment and accessories - telescopes, backpacks, technical packs, tents, sleeping bags, headgear, caps, kettles, headlights and torches. In addition, the Group continues to manufacture footwear for large international brands an OEM basis. The Group operates its own flagship store in Fujian Province, adjacent to its head office and manufacturing facility, but its products are predominantly sold in Camkids branded stores and concessions operated by its network of distributors. The Group sells its products on a wholesale basis to its distributors' extensive distribution network across 29 provinces, four municipalities and five autonomous regions within the PRC. As at 30 June 2012, the Group had 15 authorised distributors operating over 1,000 retail outlets. However, the Group is focused on the top five provinces and 360 of the distributors' stores are located in these provinces. The wholesale business model is common in the sportswear industry in the PRC and has enabled the Group to achieve significant growth in sales by leveraging the resources of the distributors as well as its expertise in retail distribution and retail management and its relationship with the distributors.

http://www.camkids-ir.com/

Trading Update

RNS


RNS Number : 7397I

Camkids Group PLC

08 July 2013















Press Release

8 July 2013




Camkids Group plc



("Camkids" or the "Group" or the "Company")



Trading Update



Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, is pleased to give the following positive trading update ahead of the Group's Interim Results for the six months ended 30 June 2013, which will be announced in September 2013.



The Board is pleased to confirm that trading across the Group's stores is going well and that trading across all of the Group's divisions continues to be in line with market expectations for the current financial year. The Group recently held a successful sales fair to showcase its autumn / winter 2013 collection to distributors and the Board is pleased to report that following this sales fair, Camkids' order book is up by 19% compared with the same period last year.



The Group continues to focus on increasing the number of Camkids branded stores in China through its network of distributors, and this has increased to a total of 1,193 stores. In particular, the Group recently appointed a new distributor and now has a presence in Shanghai with a total of five stores there. This represents an important milestone for the Group and a further deployment of the funds raised at the time of the Group's admission to AIM in December 2012 in accordance with the Group's stated use of proceeds at that time. This follows the Group's announcement on 28 May 2012 that the Group's fifth production line is now fully operational. The Board is pleased that this increased manufacturing capacity is enabling further growth.



Zhang Congming, Chairman and Chief Executive Officer of Camkids Group plc, said: "The Board is pleased to report continued progress across the Group's divisions of clothing, footwear, and equipment and accessories. With a growing order book, a strong network of distributors and the potential to further increase our manufacturing capability, the Board continues to view the future with confidence and looks forward to updating the market further when we issue our interim results.



We are particularly pleased to have delivered in key areas of our commitment to shareholders, particularly in relation to the utilisation of part of the proceeds raised at IPO."



- Ends -

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Camkids order book up 19%

StockMarketWire.com

Camkids - a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers - says trading across all divisions is in line with market forecasts.

The group said it recently held a successful sales fair to showcase its autumn/winter collection to distributors and the board is pleased to report that following this sales fair, Camkids' order book is up by 19% compared with the corresponding period last year. The group continues to focus on increasing the number of Camkids branded stores in China through its network of distributors, and this has increased to a total of 1,193 stores.



Story provided by StockMarketWire.com

Having a beautiful run up in the share price, only priced on under 5 times this year earnings of 30p.

Interim Result
17 Sep 13 Camkids Group Plc [CAMK]

In Shares this week - A positive statement highlighting healthy growth rates and bulging orders could fire-up conservatively -pitched forecasts and help trigger a re-rating at Camkids. Could well announce its planned maiden dividend too.

Interim results and maiden dividend declaration

RNS


RNS Number : 1393O

Camkids Group PLC

17 September 2013













Press Release

17 September 2013






Camkids Group plc



("Camkids" or the "Group")



Interim results and maiden dividend declaration



Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, today announces its interim unaudited results for the six months ended 30 June 2013.



Financial highlights




●

Revenues increased by 20.9% to RMB433.7 million (approximately £44.4 million) (H1 2012: RMB358.8 million)


●

Gross profit rose by 25.0% to RMB165.9 million (approximately £17.0 million)

(H1 2012: RMB132.7 million)


●

EBIT* increased by 15.2% to RMB121.7 million (approximately £12.5 million) (H1 2012: RMB105.6 million)


●

Net profit after tax rose by 13.9% to RMB90.2 million (approximately £9.2 million)

(H1 2012: RMB79.2 million)


●

Earnings per share of RMB1.20 (approximately 12.3 pence) (H1 2012: RMB1.24)


●

Net cash position 53.7% higher on 30 June 2013 at RMB288.0 million (approximately £29.5 million) (30 June 2012: RMB187.3 million)


●

Maiden interim dividend of 2.3 pence per share






The illustrative exchange rate as at 16 September 2013 is 1 GBP : 9.76049 RMB.



* Earnings before interest and taxation ("EBIT") is a non IFRS measure which the Group uses to assess its performance. It is defined as earnings before interest and taxation.




Commenting on the interim results, Zhang Congming, Executive Chairman of Camkids, said: "The Board is pleased to announce these strong results for the first half of 2013. The Group's order book has grown during the period with a new distributor appointed in Shanghai and 75 new stores opened since the year end. At the end of this year the Group will discontinue its non-core OEM operations in order to focus on areas of growth. Having taken initial steps to commence e-commerce sales, the Group is also looking to focus its forthcoming expansion in fast growing tier three cities in China, which have considerable government support and are benefiting from increasing urbanisation. The Board believes that the long-term outlook for Camkids remains promising.



"The Board is aware of the challenging competitive environment in which it operates and has noted that some of its distributors are becoming more cautious. Though this sentiment has not impacted the Group's trading to date, the Board adopts a conservative stance towards its prospects for the first half of 2014 and will update the market at the full year pre-close in early 2014. The Board, however, anticipates that the results for the current financial year will be in line with market expectations, and this confidence in the Group's future is reflected in today's announcement of a maiden interim dividend of 2.3 pence per share."



- Ends -

Suggested in "Shares" Mag. Feb 2013 DYOR . when abt £1
+Wasn't this rec. in IC a few weeks ago?
_ It seems the SP wasn't told [Currently abt 68p. With a hugely steep fall only days ago . . . .yet I fnd no obvious explanation. We all know "...times are difficult..."
] . . . or far more likely, as with many other AIM stocks there was far too much wind in the sails and not enough ( real ) progress, to support the PE rating.
EDIT (27Nov2014)- slipped to 32p (dividend script? unsure that's translated correctly), - Suspect UK Shareholders have seen massive falls from earlier. BTW I'm always suspicious of foreign Co. listing in UK. +Look at Shaftsinkers, et al. So very difficult to know what's happening at the coal-face, as it were.
EDIT (5Dec2014)- 27p now - what's up? Has the dilution spooked traders?
EDIT (19Feb2015)- 18.5p Looks like folks are getting out.

Interim Results

RNS


RNS Number : 7970S

Camkids Group PLC

29 September 2014











Press Release

29 September 2014






Camkids Group plc



("Camkids" or the "Group")



Interim results



Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, today announces a strong set of interim results for the six months ended 30 June 2014.



Highlights




●

Revenues increased by 5.8% to RMB 458.8 million (approximately £45.9 million) (H1-2013: RMB 433.7 million) despite no longer manufacturing OEM and ODM (which accounted for 4% of revenues in H1-2013)


●

Gross profit rose by 5.5% to RMB 175.0 million (approximately £17.5 million) (H1-2013: RMB 165.9 million)


●

EBIT* increased by 3.5% to RMB 126.0 million (approximately £12.6 million) (H1-2013: RMB 121.7 million)


●

Net profit after tax rose by 0.5% to RMB 90.6 million (approximately £9.1 million) (H1-2013: RMB 90.2 million)


●

Earnings per share of RMB 1.20 (approximately 12.0 pence) (H1-2013: RMB 1.20)


●

Net cash position 68.6% higher on 30 June 2014 at RMB 485.5 million (approximately £48.6 million) (30 June 2013: RMB 288.0 million) representing 64 pence per share


●

Interim dividend of 2.4 pence per share in scrip or 2.0 pence per share in cash (H1-2013: 2.3 pence per share) declared as part of the Company's continuing commitment to paying dividends (largest shareholder commits not to increase his shareholding percentage through scrip dividend)




* Earnings before interest and taxation ("EBIT") is a non IFRS measure which the Group uses to assess its performance. It is defined as earnings before interest and taxation.



The illustrative exchange rate as at 26 September 2014 is 1 GBP: 9.99 RMB.





Commenting on the interim results, Zhang Congming, Executive Chairman of Camkids, said: "The Board is pleased with the strong progress that the Group has made in the first half of 2014 and Camkids continues to be well placed to offer consumers a high quality product at a competitive price. Our core strategy of focusing on the larger cities, municipalities and provinces remains the same and is continuing to deliver solid trading results for us. At the same time, however, by also increasing our focus on tier three and tier four cities throughout China we believe that this will help to negate some of the current challenges in our end markets in terms of increased international competition and pressure on pricing.



"The Board believes that our prospects are solid and we view the future with confidence. As a management team, and on a personal note as the Group's largest shareholder, we are committed to Camkids' AIM listing and also to delivering attractive dividend returns to shareholders."



- Ends -

I see Simon Thomson of IC has a hold at 39p (Camkids kicked, 17 nov 14)

Camkids' shares worth twice as much on cash basis alone, house broker says

By John Harrington

February 05 2015, 3:16pm
Allenby acknowledges investors are sceptical about Chinese companies but argues cash is king
Allenby acknowledges investors are sceptical about Chinese companies but argues cash is king


Shares in Chinese youth clothing firm Camkids (LON:CAMK) have shot up to almost 24p from 17p this week but are still undervalued, the house broker says.

Shares advanced strongly yesterday on the back of a trading statement from the company, and are up again today, but Allenby Capital says the shares trade at less than half the cash value on the balance sheet.

The house broker trimmed its earnings per share (EPS) forecasts for 2014, 2015 and 2016 after Camkids warned yesterday that trading remains tough and that 2014 net profit would be some 12.5% below market expectations of around RMB 202mln, or £21.1mln.

For the current year and the next, Allenby has cut its EPS forecasts by 12% and for the year just gone it has cut the forecast by 13%.

The economic slowdown in China led to certain distributors withdrawing orders, and although Camkids does not normally operate on a ‘sale or return’ basis, it has decided to rescind the orders so as to keep the distributors onside.

Allenby views this as a sign of overcapacity in the inventory channels, and does not hold out much hope of these cancelled orders resurfacing in 2015.

In response to the slowdown, Camkids has increased its focus on reducing the cost base, and it has opted not to pull the trigger on the construction of a new manufacturing facility.

End-year cash was worth 56p a share. “Providing Camkids can continue to trade profitably, maintain a healthy balance sheet but at the same time confirm its final year dividend, we would expect a rapid re-rating of the shares,” Allenby Capital asserted.

Shares in Camkids are up 11.3% to 23.92p today.

dreamcatcher - do you have any view now, as I see this has fallen badly? I guess revaluing the Chinese currency didn't help; but surely the children still need good gear. Maybe that 56p "cash-per-share" has taken a battering if Sales are down...

Sadly I would not touch this Chinese company with a barge pole.


Look at this one as well. Bad news from my experience.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=16770#lastread