Hundred Round Pants Industry: It Is Not Clear That Speculation And Logic Are Soaring.

After the Spring Festival, Hundred round trousers industry Although the annual report is lower than market expectations, the company's share price has not been affected, but it has been surging for no reason.

Combing data found that from February 18, 2013 to May 9th, the company's stock price rose from 10.17 yuan / share to 18.87 yuan / share, the interval price increase of 8.74 yuan, or up to 86.26%, ranking the first ten of the A share growth. Especially in the past month since April 11th, the company's stock has been on the brink of a constantly replaying history, and investors are making a fortune.

"In the two tier market recently. Price of stock The trend is presumably driven by hot money. At present, the company has no big positive news, nor is it clear about the rising logic of share price. " The China Securities Journal reporter learned from the relevant person in charge of the Securities Department of the hundred circle trousers industry, and the company was dragged down by the expansion of the direct stores this year, and the medium-term performance will continue to decline year by year.

Securities industry analysts believe that the increase in the stock price has not been supported by the fundamentals, and from the public information that the company has not bought any signs of restructuring in the near future. At present, the valuation of the company has been very high, and there is no suitable reason for the rise.

In fact, Spin clothing Market downturn, 100 round pants industry sales performance is not optimistic. The company's 2012 annual report shows that the company's revenue declined by 0.31% compared with the same period last year, and its net profit fell 23.78% compared to the same period last year.

Performance downturn continued. The Quarterly Bulletin released by the 100 round trousers industry in 2013 showed that the company achieved operating income of 81 million 187 thousand and 500 yuan in 1-3 months, a decrease of 7.34% compared with the same period last year, and the net profit attributable to shareholders of listed companies was 7 million 257 thousand and 400 yuan, down 39.22% from the same period last year. A quarterly forecast also made a forecast for the first half of the year. The net profit attributable to shareholders of listed companies is between 19 million 760 thousand and 400 yuan and 28 million 229 thousand and 100 yuan, with a profit margin of -30%-0%. The company said that as the number of Direct stores increased, rent, staff salaries and terminal marketing expenses increased rapidly. Under the impact of e-commerce, it was difficult for the outlets to achieve the expected level.

But even so, the company has intensified efforts to expand terminal channels. In 2012, the number of stores increased by 220, and the total number of stores reached 1920, mainly distributed in three or four line cities. "In 2013, the company will continue to expand terminal stores in Guangzhou, Nanchang, Wuhan and Taiyuan." Hundred circular pants industry securities department responsible person disclosed, but the newly opened shop is still decoration, just opened, breeding stage, to achieve the general cycle of profit in 2 years or so. In addition, the company has set up a network sales department, this year will also increase sales of electronic commerce.