First Qiu Hong, Chairman Of Shanghai Financial Group Co., Ltd.

Companies like Lining and Anta can achieve a 30 or 40 times price earnings ratio when they are in a good market. From here we can see a huge difference in value between pure manufacturing and creation.

Distinguished guest:

Introduction: first president of Shanghai Financial Group Co., Ltd.

His manifesto on Chinese creation

A pure clothing manufacturer may also be 6 times to 10 times price earnings ratio, like Lining.

Detailed -

How far do you think it is to create from China to China?

What efforts have you made?

Qiu Hong: we are a securities company in Hongkong, and also helped many Chinese fashion enterprises to participate in many Chinese fashion enterprises to list in Hongkong. We actually observed that the financial performance of manufacturing enterprises and all aspects of a creative enterprise in the various aspects of the enterprise is far from the value and market value of the stock market.

For example, the gross profit of a pure garment factory may be only 20% or 30%, but the gross profit margin of enterprises such as Lining and Anta can reach 70%, 80%, and the valuation is far from that. A pure garment manufacturing enterprise may also be 6 times to 10 times the price earnings ratio, and companies like Lining and Anta can achieve 30 or 40 times price earnings ratio when they are in good market. From here we can see a huge difference in value between pure manufacturing and creation.

We see many companies like