Hundred Dollar Pants Industry Insiders Said Tight Money Face Channels To Expand The Dilemma

　　 Hundred round trousers industry The stock price rose more than 110% in half a year, but the fundamentals still tend to descend.

　　 200 channels are difficult to achieve

Company insiders said on Wednesday that the company's channel plan is slowing down, and it is expected that channel targets will not be achieved during the year. "The goal of setting up the channel at the beginning of the year is equal to last year, about 200 stores." The person said, "in the first half of this year, the company's channel plan slowed down, and the target progress was not completed. In the second half of the year, we maintained a prudent trend in the first half of the year, and we expect that the annual target of the channel can not be achieved.

As the domestic retail market is depressed, the rental costs of shops continue to rise. The expansion of 100 round pants industry is facing pressure, resulting in limited performance imagination space.

According to the 2013 semi annual report, the company's revenue in the first half of the year was 189 million yuan, down 16.89% from the same period last year. The company's short-term liabilities were 113 million, up 4.5% from the beginning of the year, and maintained high.

At present, the company's existing account capital of 215 million yuan, tight funds, will also lead to 100 yuan trousers industry is difficult to expand a large area of channel expansion plan.

The company said that during the year, the main goal of the company was to maintain the old store and develop the new market.

　 There is little room for short-term loans.

Those people also said that the company had little room for short-term loans from banks. "The company mainly collateralized each floor property of the headquarters office building as collateral for short-term loans." The person said, "at present, the company's headquarters building has been fully mortgaged, the company lacks the assets to be mortgaged, and the short-term loan space of banks is limited, roughly between 1-1.3 billion yuan."

According to the 2013 semi annual report of 100 round pants industry, the company's short-term liabilities 113 million, an increase of 4.5% over the beginning of the period, maintaining high. In contrast, the company's revenue in the first half of the year was only 189 million yuan, down 16.89% compared to the same period last year. The cash received from the sale of goods is only 177 million yuan.

The market doubts that the performance of 100 round pants industry is overly dependent on liquidity support provided by banks' short-term loans.

The source said that Assets and liabilities ratio of 100 round pants industry It is still good, causing high short-term liabilities and tight cash flow, mainly due to the delay in downstream customers' repayment time, the market downturn, and the increase in the credit policy of the downstream franchisees.

The source said recently, a number of brokerages contacted the company to discuss financing options. But at present, the company has not decided to do so because of the conditions of the parties.

In the first half of the year, stock prices rose more than 110% in the first half of the year. Market rumors, 100 round pants industry benefit from the Shanxi plate effect, the future may have policies, assets injection and reorganization and other favorable.

Insiders said the company had no assets injection and restructuring plan, and the company often discussed it internally. Price of stock Reasons for the rise, but we did not find the reason. "