Menswear Hill Has Recently Purchased 110 Million Yuan For Industrial Land.

Shandong Hinur (002485) men's clothing Limited by Share Ltd (002485.SZ, hereinafter referred to as "Hinur") yesterday announced that it recently won 110 million yuan for four industrial sites in Weifang Zhucheng, a total of 799.88 mu.

The above four plots belong to the state-owned construction land, and the land acquisition fund is the company's own capital and has been paid off.

Hinur said that the project is conducive to the expansion of the scale of the company to provide the necessary land resources, in line with the company's development strategy.

Hinur announced that "this competition is mainly used for land production, warehousing, logistics facilities construction and improvement of staff living facilities, not for leasing, sale and other commercial activities for the purpose."

Hinur 2011 Annual report shows that the company has already used part of the raised funds 105 million yuan to buy three properties of controlling shareholders, and the use of part of the raised funds 24 million 200 thousand yuan to buy flagship stores in Zaozhuang.

Among the listed companies in the same industry, Hinur's financial position is at a good level.

2011 Annual report shows that net profit attributable to shareholders of listed companies is 199 million yuan, up 38.59% over the same period last year.

During the reporting period, the book balance of inventory commodities was 153 million yuan, a slight increase over the same period last year.

Inventory turnover and receivables turnover, though lower than last year, are still better than the average level of Listed Companies in the same industry.

In the first quarter of this year, its total business revenue was 264 million yuan, up 16.5% over the same period last year, and its net profit attributable to shareholders of listed companies was 41 million 199 thousand and 800 yuan, up 21.46% compared to the same period last year.