Zhejiang Clothing Private Enterprises Aim At Microfinance

Recently, Jiaxin silk The announcement said that as the main sponsor, Jiaxin small loan Limited by Share Ltd was launched. This announcement attracted the eyes of many investors. In April 9th, the stock enjoyed "limit" treatment. And I found that there are still some famous in Zhejiang. clothing Enterprises set up small loan companies to enter the "financial industry".

　 Morima Okuyasu has small loan companies.

On April 7th, Zhejiang Jiaxin silk announced that it will join 5 Jiaxing local companies. clothing Enterprises and 5 natural persons initiated the establishment of Jiaxin small loan company limited with a registered capital of 200 million yuan. Among them, Jiaxin silk invested 60 million yuan and acquired 30% of the ownership of the shares.

Coincidentally, as early as January 6, 2009, Semir apparel joined hands with 15 local enterprises in Wenzhou and 3 natural persons to set up Hang Lung small loan company with a registered capital of 200 million yuan. Among them, Semir group holds 20% stake to become the largest shareholder.

In addition, the AOKANG shoe industry, the first shoe of men's shoes, was founded in October 18th last year to set up Ruifeng microfinance limited and holds 19% of the company's shares as its largest shareholder. It is understood that the registered capital of Ruifeng is 100 million yuan, which is fully paid by AOKANG and the remaining 9 investors.

In view of the current development of China's clothing industry (000902, stock bar), Zhu Qinghua, a researcher at CIC light industry, told the author that under the global economic slowdown, the demand for clothing industry was insufficient. As a result, the development of major clothing listed companies was also facing greater risk of sales and sustained profitability.

According to the China Textile Industry Federation data, excluding the price factors, the total export volume of textile and clothing increased by only 0.5% in 2011 compared with the same period last year, of which the total export volume of clothing decreased by 0.2% compared with the same period last year, and the profit growth of the industry continued to slow down.

Take Jiaxin silk as an example, its annual report in 2011 shows that business income in 2011 increased by only 1.42% compared with 2010, and its operating profit increased from about 110 million to about 120 million, an increase of 12.81% and a 16.05% increase in total profit.

With the tide of Wenzhou financial reform, Jiaxin silk is facing insufficient growth in its main business. The company tries to explore new profit growth points by diversifying its investment path.

Zhu Qinghua also said that the risk of establishing small loan business is generally controllable, and thus the risk is relatively small. But this does not mean that it is the future development trend of the service enterprises. It can only be said that this is a choice path of enterprise diversification.

many The trend of meta investment is obvious.

Zheng Chenai, President of the Zhejiang clothing trade association, said in an interview with the author that he supported the involvement of garment enterprises in the financial sector and looked forward to benefiting from the financial pilot reform. Other industries, such as real estate, energy and so on, which are invested in the financial sector, will be subject to policy restrictions. Today, as a pilot area of financial reform, Wenzhou is expected to have more enterprises, not just clothing enterprises, but also will be involved in the financial field. "Everyone is watching, waiting, Wenzhou people are smart and flexible, and the trend is coming, but the current situation is not clear."

Zheng Chenai believes that clothing companies invest in small loan companies, the profit outlook is stable and good, but the expected profits will not be as high as in the past, because the overall cost of financing is declining, so the profit is too high is not very realistic, but certainly better than the clothing industry itself. It also admitted that the profitability of the garment industry was difficult. This situation appeared last year, but is expected to improve in the fourth quarter of this year.

The diversified investment trend of clothing listed companies is obvious. At present, most companies in clothing listed companies adjust their business directions and implement diversified development strategies, except for seven wolves, good news birds and other companies.

YOUNGOR has developed into an ultra large multinational enterprise group which takes YOUNGOR brand as the core and integrates textile and clothing, real estate, financial investment and international trade. Ordos is famous for its cashmere dress, but it is able to do well in the three major industries of coal, metallurgy and chemical industry. Shanshan stock company is also involved in high-tech new material field; Mei Erya established Meyer Futures Company.

In addition to the diversified companies listed above, some clothing listed companies have already realized the overall transformation of their main businesses. Such as Jiangsu Wuzhong, Jiulong Mountain, Huaye real estate and so on are completely changed.

However, according to the choice of the diversified development path of garment enterprises, Zheng Chenai said, "now (clothing companies) prefer to concentrate on making clothes more than ever before." "Microfinance is a very simple thing. Lending money is very simple. It is a very simple product. It does not involve product development, market popularity, design and production. It does not affect clothing, nor does it take a lot of risks."

As for some enterprises to abandon their clothing business and invest in other fields, Zheng Chen AI bluntly said, "these enterprises are completely divorced from the field of clothing, and some have no core competitiveness. Only by labor prices can they enrich the garment industry, so it is difficult to stay in the garment industry. If R & D, teams and markets are available, it is impossible to give up easily.