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Most Men's Wear Fell By More Than 30%.

2014/2/2 19:24:00 1156

Seven WolvesClothingMen's Clothing

< p > under the background of sluggish sales, 2013 is the year when the listed men's clothing company < a href= "//www.sjfzxm.com/news/list.aspx Classid=101112102101" > the profit statement worsens < /a >. 11 listed men's clothing companies announced 6 performance forecasts, of which 5 declined in performance. The net profit of the seven wolves, the first to disclose the results, fell by more than 30% last year. Under the background of a continuous net decrease in offline stores, some traditional brands have been in touch with the Internet, and online business is expected to be more than expected. < /p >
< p > strong > seven wolves last year net profit fell more than 31% years, the market value evaporated nearly 3 billion 600 million. < /strong > /p >
< p > 25, the 11 wolf men's clothing listed companies took the lead in the 2013 performance bulletin. After initial calculation, the company achieved total revenue of 2 billion 773 million 521 thousand and 400 yuan last year, a decrease of 20.23% compared with 3 billion 476 million 991 thousand and 100 yuan a year earlier, and a net profit of 374 million 481 thousand and 800 yuan, representing a decrease of 33.26% over the same period last year. < /p >
< p > net profit fell more than 30%, exceeding the previous estimate of seven wolves. In the third quarter report of 2013, seven wolves predicted that customers' orders would be reduced as a result of ordering in 2013. The net profit in 2013 is expected to decrease by 30%. < /p >
< p > the company said that the decline in the company's performance during the reporting period was due to the weakening of the apparel retail industry and the decline in company orders. < /p >
< p > for single season, a href= "//www.sjfzxm.com/news/list.aspx Classid=101112102102" > seven wolves < /a > business continued to deteriorate. The first quarter to fourth quarter net profit of the company was 185 million 965 thousand and 700 yuan, 70 million 478 thousand and 700 yuan, 116 million 380 thousand yuan, and 1 million 657 thousand and 400 yuan respectively, of which the four quarter was the biggest decline, and the annulus rate was 98.58%. < /p >
< p > in the background of the decrease in the number of pre orders and the continuous net decrease of offline stores, the company's 2013Q3 single quarter business income decreased by 13.66% compared with the same period last year, and the decline rate continued to expand in the one or two quarter. < /p >
By the end of the three quarter of last year, the company's accounts receivable amounted to 958 million 806 thousand yuan, reaching the highest level in history. It shows that the rate of return has declined. Due to seasonal factors, the storage of winter clothing has increased the inventory chain by 44.55%, and the absolute value of inventory is higher than that of the same period last year. The pressure of inventory still exists. P < /p >
< p > Shenyin and Wanguo released the report of the seven wolves. It was considered that the overall consumption was low in 2013. The price of men's clothing was slowing down, and some of the terminal shops were under pressure. According to the Securities Daily, due to inventory pressure, only seven wolves were closed 152 stores in the first half of the year. < /p >
< p > the Great Wall securities issued Research Report, it is estimated that the performance of the seven wolves has not yet bottomed out, and the downward trend will continue to next year. < /p >
Last year, the market price of the "P" two level market fell 38.02%, and the share price fell by 4.76 yuan per year. According to the 755 million circulating capital stock, the market value of the seven wolves evaporated nearly 3 billion 600 million yuan a year. In 2012, the share price fell 19.38%, while the Shenzhen composite index fell 10.91% and 2.22% respectively in the same period. < /p >
< p > compared with the high net profit of the above textile and garment companies, there are only 4 companies in the first three quarters of this year with a net profit drop of over 100%. The 4 companies were Huasheng shares, < a href= "//www.sjfzxm.com/news/list.aspx Classid=101112102108" > Sanmao spirit "/a", Xinlong holdings and Thailand shares, the net profit in the first three quarters decreased by 826.65%, 354.47%, 119.07% and 105.82% respectively. < /p >
< p > it is worth noting that the performance of men's wear listed companies has generally declined in the first three quarters of this year. Of the 10 listed companies that have announced three quarterly reports, 8 companies have declined in performance, while the other two companies that have gone up in net profit are only single digit growth. < /p >
< p > according to statistics, in the 10 < a href= "//www.sjfzxm.com/news/list.aspx Classid=101112102107" > men's clothing listed company < /a >, only the net profit of card slave road and keno technology in the first three quarters of this year increased, and its net profit increased by 5.27% and 4.81% respectively. In addition, seven wolves, red beans, nine Mu Wang, Dayang creation, Georges Bai, Xi 'er bird and Busen shares 8 companies in the first three quarters of this year net profit declined. Among them, the seven wolf appeared the first decline in net profit since 2006, and its net profit fell by 7.35%. < /p >
< p > for men's wear listed company's performance decline, some analysts believe that this is the sequel of male clothing company extensive expansion. It believes that under the double pressure of terminal demand and sports brand "shop closing tide", men's wear brands have begun to feel the importance of meticulous management of channels. However, the direct investment system construction and meticulous management investment will be larger, and in the short term, it may lead to a decline in performance. < /p >
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