Monday, June 04, 2012 4:59:37 PM
As a result of the foregoing, Exceed expects to generate net revenues in the range of RMB482.0 million to RMB519.0 million in the second quarter of 2012, representing an approximate year-over-year decrease of 30% to 35%, as compared with RMB 741.5 million in the same period of 2011. For the full year 2012, the Company currently expects a year-over-year decline in net revenue of approximately 20%, as a result of the lower wholesale order activity at its 2012 sales fairs. This represents the Company’s preliminary estimates, and is subject to change.
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