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Seven Wolves Inventory Prices To Exceed 200 Million

2013/9/2 22:08:00 42

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Seven Wolves Inventory Depreciation Preparation Clothing Company

recently, according to incomplete statistics, the total inventory value of the 76 listed companies that have been announced in 2013 is 70 billion 300 million yuan.

in addition, 59 of the 76 companies were preparing for the depreciation of their inventory. Among them, seven wolves ranked the first in terms of the amount of allowance for depreciation, up to 201 million yuan, which directly followed the company's net profit of 256 million yuan in the first half of the year.

inventory 70 billion 300 million yuan /p >

> a href= "http://www.91se91.com/news/index_c.asp" > textile and garment < /a > industry has experienced a high inventory and havoc, and the overall inventory of textile and garment industry is still high because of the great economic environment.

According to statistics, in the 76 textile and clothing listed companies that have been published in 2013, 69 listed companies have stock of over 100 million yuan; 26 listed companies have more than 500 million yuan in stock; 12 listed companies are over 1 billion yuan; among them, the stock of YOUNGOR and black peony is as high as 23 billion 764 million yuan and 5 billion 778 million yuan.

< < a href= > http://www.91se91.com/news/index_c.asp > > YOUNGOR < /a > Dong Miliu Xinyu introduces that the clothing inventory of the company is only 1 billion 340 million yuan, which is 8.2% lower than that of last year's 1 billion 460 million yuan, and the other stock amount of the company is caused by the real estate business.

Data show that YOUNGOR's first half of this year real estate development costs and development products inventory of about 20 billion yuan.

"the company's clothing inventory index has always been good."

According to Liu Xinyu, YOUNGOR is mostly self operated. Therefore, as long as the goods are not sold, they are all in the inventory. Unlike some companies, they are mostly franchised stores. Once they are sold to franchisees and other distributors, the goods will no longer be included in the inventory.

in addition, the inventory of cotton spinning listed companies is also high.

Such as Huafu color spinning, Lu Tai A, Changshan shares and other stocks are at a high level.

Among them, Huafu color spinning stock is 2 billion 94 million yuan, Lu Tai A inventory is 1 billion 811 million yuan, Changshan stock stock is 1 billion 294 million yuan.

according to the 2013 China Daily's Changshan daily report, the company's operating income in the first half of 2013 was 3 billion 66 million yuan, an increase of 52.05% over the previous year's 2 billion 16 million yuan, and a net loss of 34 million 604 thousand and 500 yuan attributable to shareholders of listed companies, a loss of 39 million 684 thousand and 900 yuan compared with the previous year, an increase of 12.8% over the previous year.

Changshan shares explained the loss reason, because the company's urban cotton three and cotton 42 branches discontinued production, during the period of production and sales dropped sharply, the cost increased, the staff and workers relocated one-time expenditure is bigger, and so on, resulting in the company's first half of the year there is still a loss.

it is worth noting that the net cash flow generated by Changshan shares in the first half of 2013 was negative at 151 million yuan, which was worse than the negative 149 million yuan in the first half of the year.

there is no big change in the economic situation in the first half of this year compared with last year, according to insiders from cotton spinning listed companies.

However, today's textile industry has fallen to a low level, and I believe it will not be worse.

it is understood that cotton prices will rise and cotton spinning enterprises will have a hard time.

Some people in the industry described cotton spinning enterprises in the past two years as "the last year is going to inventory, last year is going to capacity, and this year is directly going to enterprises".

"When bidding, some companies even colluded with each other, forcing the price down to no profit at all."

There is a cotton enterprise operator.

according to the data of Shandong Provincial Textile Industry Association, Shandong's textile enterprises with a certain scale last year suffered a loss of 6.97%, an increase of 1.42 percentage points.

Some analysts believe that this year's cotton textile situation is still difficult to make a big improvement. At present, some enterprises are going bankrupt and bankrupt. This year, a href= "http://www.91se91.com/news/index_c.asp" > cotton textile > /a > industry integration, elimination or trend.

seven wolves prepare for inventory depreciation exceeding 200 million yuan

it is worth noting that although YOUNGOR is in the top of the inventory list because of its real estate business, YOUNGOR has not prepared the highest price declines.

according to statistics, seven wolves, leading stock and Semir stock are in the top three places for inventory depreciation.

In the first half of 2013, the inventory of the seven wolves was 662 million yuan, and the provision for inventory depreciation was as high as 201 million yuan, with an average extraction ratio of 30.33%.

for this, seven wolves insiders say that the company's inventory is in a controllable state, which is normal.

When a reporter asked why the company raised 200 million yuan in inventory, the company said it was based on accounting standards.

although the wolf wolf insiders said, "this plan is very normal", but reporters found that the 2012 wolf's inventory in 2012 was only 735 million yuan, while the company's 2012 price increase was only about $169 million.

But in the first half of 2013, the seven wolves set aside a price drop of up to 201 million yuan, which was 18.93% higher than the 2012 price increase.

China Daily reported that in the first half of 2013, the seven wolves were more prepared due to the drop in inventory prices, resulting in a company's assets impairment loss increased to 33 million 945 thousand and 200 yuan, up 298.76% from the same period last year.

Shenyin and Wanguo released the report of the seven wolves. It was considered that the overall consumption was low in 2013. The price of men's clothing was slowing down, and some of the terminal shops were under pressure.

As of June 30th, there were 3855 stores in the company, including 462 straight terminals, and a net decrease of 152 stores.

in fact, there is also a good news bird that belongs to the men's clothing listed company with the seven wolves. In the first half of this year, the amount of provision for depreciation is higher, and the amount of allowance for stock depreciation is even in front of YOUNGOR.

Data show that the first half of 2013 was 963 million yuan, and the company's inventory price fell to 97 million 164 thousand and 100 yuan, with an average extraction ratio of 10.09%.

good news birds show that during the reporting period, the company achieved net profit of 81 million 834 thousand and 300 yuan, down 34.96% from the same period last year.

In addition, the company's inventories increased, the receivables annulus ratio slipped, and cash flow growth slowed down.

As a result of the expansion of the birds, the stock grew by 10.5% compared with the beginning of the year.

there is an analysis that this year there is pressure on men's clothing. It is expected that the sales of spring and summer in 2013 will be lower than in previous years. The pressure of ordering in spring and summer in 2014 will increase.

The men's clothing industry is in the adjustment period, the profit turning point still needs to wait, there is a certain pressure on short-term operation. In the medium to long term, the company as a leader in the industry has a comprehensive competitive power, and expects the retail sales to warm up in the future.