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Hosa Selected by Forbes as one of "2014 Forbes China Up-and-Comers"

2014-03-28 23:54 1922

HONG KONG, March 28, 2014 /PRNewswire/ -- Hosa International Limited ("Hosa" or the "Company" and, together with its subsidiaries, the "Group", stock code: 2200), one of the largest indoor sportswear brands in China, is pleased to announce that the Group was selected as one of the top 100 "2014 the Most Potential Listed Companies in China" by the famous financial magazine, Forbes, ranked the fourth.

It is the 10th year for Forbes' Chinese edition to announce the "Forbes China Up-and-Comers" list in 2014, with a focus on the small and medium enterprises in Mainland China. The magazine researched on nearly 10,000 Chinese companies whose sales volume ranged from RMB 10 million to RMB 1 billion in 2012. The ranking is based on Growth Indicator (growth rate of sales volume and net profits), Profitability Indicator (profit ratio of sales), Return Indicator (return on total asset and return on net asset), and Scale Indicator (gross sales and net profits). Based on the mass information of these companies, the Forbes also conducted field visits to some eligible candidates and selected 100 listed companies and 100 non-listed companies. Given the rigorous selection criteria, the award represents the Group's solid financial foundation and outstanding performance with regard to the revenue growth and capital returns in the past year.

Mr. Shi Hongliu, Chairman and Executive Director of Hosa said, "Hosa is indeed very pleased and encouraged by this year's 'Forbes China Up-and-Comers' list. This marks the company's outstanding financial performance and prospects has been recognized and affirmed by all parties, thereby further strengthening and enhancing the Company's leading role in China's indoor sportswear market. Going forward, we will continue to endeavor toward enhancing our operational management. We are dedicated to both sustainable organic growth and generating favorable returns to our investors and the society."

For more information about this event, please visit:

http://www.forbeschina.com/event/2014JA/

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Source: Hosa International Limited
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