Foshan Shoe Limited By Share Ltd Intends To Purchase The Brand D:Fuse Of Women'S Shoes On Saturday

The first leg of A shoes, which is consistently lower than expected, is the Foshan shoe Limited by Share Ltd (Saturday, 002291), which intends to purchase D:fuse, the shoe brand D:fuse of Tianjin, to boost its overall strength.

The company recently announced that it is expected to buy heap (Tianjin) Footwear Co., Ltd. (heap shoe) 80% of the heap shoe manufacturing Co. Ltd. at a price of 240 million -2.8 billion.

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According to the announcement, the two sides signed the letter of intent to acquire shares in June 20th and tentatively agreed on the above purchase price. However, the specific purchase price also needs reference to the assessment value of heap's shoes assets assessment, which is determined by both parties.

Own capital purchase

According to public information, heap footwear was established in 2006 as sole proprietorship for foreign businessmen (Denmark).

According to the official website of hepper shoemaking, its flagship D:fuse brand entered the Shanghai market in 2007. "The trend soon swept across the whole mainland" and operated 140 stores on the network platform.

According to the unaudited data of heap's shoes, by the end of 2011, the total assets of heap's shoes were 135 million yuan, the net assets were 97 million 210 thousand and 300 yuan, the current operating income was 154 million yuan, and the net profit was 10 million 326 thousand and 800 yuan. In the first quarter of this year, the total assets of the company were 122 million yuan, the net assets were 101 million yuan, the operating income was 44 million 737 thousand and 500 yuan, and the net profit was 4 million 281 thousand and 900 yuan.

The reason for the acquisition of the main shareholding of heap shoes is that in the announcement on Saturday, the shareholders, business teams and design and development teams of Hepu shoes are from Europe and the United States. They have very rich experience in design and development, and have a keen sense of touch on the forefront of fashion. "Holding Heppe shoes will combine the financial advantages of the footwear industry, the advantages of channel resources and the research and development advantages and market promotion advantages of Hepu shoes, and will play an active role in enhancing the comprehensive strength of the company."

Public information shows that in addition to the flagship Saturday brand, at present, it also operates sub brands such as Sophia and Febe Lear on Saturday.

On the way of investment, Saturday said that the funds needed for the above exchanges will be financed by their own funds.

According to historical announcements, 55 million shares were issued on Saturday at the price of 18 yuan per share on the small and medium-sized board in September 2009. The total fund-raising was 990 million yuan, and the net amount of actual fund-raising was 927 million yuan.

By the end of 2011, after deducting 80 million yuan from the company's temporary borrowing and supplementary working capital, its reserve fund balance was 178 million yuan. However, the above 80 million yuan fund has been restored to the special fund raising fund in June 7th this year.

"Improving operational capability"

For the reasons for the acquisition, a market analyst said it might be related to the downturn in the past two years on Saturday.

What is obvious is that in the past two years, on Saturday, the stock market has been hit by a record high inventory, a huge ticket due to tax evasion and tax evasion, a stock incentive plan that has been planned for nearly a year, and the bad news of the poor performance of the expansion shop.

And back to the fundamentals, the first women's shoes that had been a favorite sport for nearly two years also suffered a sustained decline in performance.

In the 2011 Annual Report on Saturday, the total operating income of the company was 1 billion 348 million yuan, an increase of 22.46% over the previous year. Net profit attributable to the parent company was 99 million 444 thousand and 800 yuan, a decrease of 0.85% over the same period last year. In the first quarter of this year, the total operating income was 372 million yuan, an increase of 13.33% over the same period last year, and the net profit attributable to the parent company was 25 million 166 thousand and 700 yuan, down 1.84% from the same period last year.

In a quarterly report, the net profit of companies attributable to shareholders of listed companies is expected to increase from 1-6 to 10% in, compared with the same period last year.

CICC's latest report pointed out that on Saturday, the brands were mainly sold in department stores on Saturday, and more than 75% of the existing stores were located in the second tier cities. The market has been saturated.

Future growth needs to be explored through channel sinking and multi brand strategy. The company needs to improve its operational capability to meet new challenges.