Semir Clothing Sales Fell &Nbsp; &Nbsp; This Quarter Suffered "Spring Cold".

Cheng Yuan, an analyst with Huatai Securities and textile and garment industry, also released a report that the company's quarterly revenue growth was slower than expected this year.

However, it affects Semir costumes.

Semir clothing 2011 Annual report shows that the company accounts receivable increased by 304.5% to 740 million yuan, more than half of the net profit of the year.

Semir apparel 2011 revenue of 7 billion 760 million yuan, an increase of 23% over the same period, net profit of 1 billion 223 million yuan, an increase of 22% over the same period, and profit growth is not as fast as revenue growth.

Semir costumes explained to reporters that, due to the tightening of bank credit last year, the cost of rents rose sharply, the funds of company franchisees tightened, and the stores were expanded to complete performance appraisal. Accordingly, the company increased the credit amount of franchisees accordingly, resulting in a sharp increase in accounts receivable.

Under the cost pressure of rent, manpower and so on, the sales cost rate of Semir clothing in 2011 increased by 2.34 percentage points to 11.61% compared with that of the previous year, and the management fee rate increased by 0.16 percentage points to 2.85%.

At the same time, the net cash flow generated by the company's activities decreased by 53.5% to 378 million yuan compared with the previous year, while the cash flow of the company in 2009 was 1 billion 40 million yuan.

Semir apparel was listed in March 11, 2011, issuing price of 67 yuan / share, the first day of opening price of 61.18 yuan / share, to January 17, 2012, fell to 32.8 yuan historical low, and then slowly increased, but not more than 40 yuan / share.

It is worth noting that there were 7 in the fourth quarter of 2011.

In April 16th, Semir clothing gained 36.28 yuan, up 1.14%.