A BOOMING mainland consumer market has pushed Goldlion Holdings' net profit up 63 per cent to $142.4 million in the year to March 31. The company yesterday announced that turnover was $668.3 million, compared with $462 million in 1991-92. Because of the outstanding performance, the directors have recommended a bonus share and bonus warrant on a one-for-one and a five-for-two basis, respectively. The clothing manufacturer, regarded as a likely victim of the yuan's fall and a tightened Chinese economy, remains confident of its consumers' spending power. Chairman Tsang Hin-chi said China accounted for about 60 per cent of the group's total profit and was expected to make a much larger contribution in the years to come. ''In the first half year, sales in China have amounted to more than 300 million yuan [about HK$404 million at the official rate], while they were only 263 million yuan for the whole of last year,'' he said. In a bid to compensate for the depreciation of the yuan, in April Goldlion raised the prices of its products sold in China by 20 per cent, which is believed to be a factor in the big jump in turnover. With a very substantial portion of its mainland investment and operating expenditure in yuan, Mr Tsang said the fall in value of the yuan would affect only the book value of the company's profit and loss account. Since its initial public offer last September, Goldlion's share price has climbed from $2.70 to a high of $11 before settling at $9. The reported net profit of $142 million means a 34 per cent rise on the flotation forecast of $106 million. Goldlion director Charles Ng Ming-wah said it was extremely rare. for a Hongkong company to have such a wide gap between the reported and forecast profits, but the situation reflected the company's prudent approach in financial matters as well as the fast-growing mainland market. Mr Ng also noted that in the prospectus the company said it would use the official rate for translating its mainland profit. But the results used the rate at the Shenzhen swap centre to better reflect the yuan's fluctuations, he said.