AOKANG Announces Three New Uses Of Fund-Raising To The Outside World

A few days ago, it was listed on A shares.

The purpose of raising funds was announced for use respectively.

Construction, information system construction and R & D center technical pformation three projects.

This year, it will invest 100 million yuan to open up 1000 entrepreneurs to the public and further expand the marketing network of AOKANG leather shoes.

Xie Rongfang, executive chairman of Wenzhou shoe leather industry association, said that Wenzhou shoes enterprises had diversified operations in the past and gained many experiences and lessons. Since last year, most shoe companies have begun to calm down and return to their main businesses, raise the salaries of technical staff, increase production lines, and further explore the international market. Wenzhou shoe industry is expected to return to last year's sales scale.

There are nearly 8000 leather shoes enterprises in Zhejiang Province, accounting for more than 3000 of them, with an average annual output of 3 billion pairs, accounting for nearly 30% of the national market share.

But there wasn't a listed company before.

Xu Yong, chairman of the China Leather Association, said that the successful listing of AOKANG shoes meant the first A stock market to focus on "leather shoes and leather products R & D, production, distribution and retail business".

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AOKANG international, known as "the first leg of men's shoes", is the first to be listed in Wenzhou after its approval of the "comprehensive financial reform pilot area", which is the debut of the new stock code 603001 in Wenzhou.

AOKANG international, as early as September 23, 2011, will be issued in accordance with the usual practice. However, due to a competitor's announcement that the listing date was postponed, it took 7 months to wait until yesterday's listing.

AOKANG international breakage seems to be harbingers, and its growth is questioned when buying online. 15.31% of the online success rates hit a new high this year.

Wang Zhentao, chairman of AOKANG international, said that in order to further expand the market, AOKANG invested $100 million this year to set up a business helping fund. It recruited 1000 entrepreneurs from the community and opened stores in twenty provinces and cities such as Beijing, Tianjin, Chongqing and Henan.

"At present, more and more capital and entrepreneurs have come back to the business and the real economy in Wenzhou, and the shoe industry is one of the more obvious industries."

Zhou Dewen, President of Wenzhou SME Development Association, said.

In addition to AOKANG, Kangnai group is also further upgrading its main business.

According to customs statistics, in 2011, the sales revenue of Kangnai leather shoes increased by 40% over the previous year, and the average export price reached 25 US dollars, about half as high as that of Wenzhou's leather shoes exports.

According to statistics of Wenzhou shoe leather industry association, since 2009, the annual export volume of Wenzhou shoes has increased by about US $1 billion. For the first time this year, the export volume of footwear decreased by 9.03% in the first quarter.

Among the 151 main export countries, only the United States increased significantly.

The industry expects that if the Wenzhou shoe exports rebounded in the two quarter, the annual export volume is expected to remain unchanged from last year.