Red Beans Twice Transfer Losses Assets Throw "Burden"

Hong Kong shares announced that it will transfer to the major shareholder of the red bean Group Co., Ltd. (hereinafter referred to as the "red bean group") its Wuxi red shell clothing limited liability company (hereinafter referred to as "red shell dress") 75% stake, the transfer amount of 22 million 807 thousand and 900 yuan. After the completion of the equity transfer, red beans no longer hold the shareholding of Hong Bei garments. And in March of this year, Hong Kong shares only transferred to the red bean group the 95% stake in Wuxi red bean cotton spinning Co., Ltd. (hereinafter referred to as "red bean cotton spinning"), with a transfer amount of 125 million 800 thousand yuan.

For the transaction, Hong Kong shares explained in the announcement that it was difficult for the company to make profit by the company's efforts so that it would transfer the shareholding held by the company and reduce the amount of investment losses. At the same time, Hong Kong shares emphasized that the company is developing the franchise system to strengthen the main business of men's clothing. "At present, our main business is not doing very well, transferring other brands to the group, and focusing on making red bean men's clothing." The reporter called the red bean stock certificate as an investor and received the following reply.

"Before the red bean men's clothing wholesale trade, accumulated a large number of dealers in the two or three tier cities, which laid the foundation for its rapid establishment of retail outlets in the terminal, but this transformation of dealers into terminal brand franchisees is prone to loose management and difficult to strengthen the brand." Ding Weiqi, chief consultant of CIC, told reporters.

　　 Transfer assets two times a year

According to the data provided by Hong Kong stock, in 2013 1 - September, Hong Bei clothing lost 25 million 670 thousand yuan, far higher than the loss in 2012 and 12 million 900 thousand yuan in 2011 and 15 million 770 thousand yuan in 2011.

In this regard, Hong Kong shares explained that Hong Bei clothing mainly engaged in women's fashion, an independent marketing channel, poor performance in the past two years, is in a state of loss, and it is difficult to achieve profitability through the company's efforts, so the company intends to transfer shares held by the company to reduce investment losses. At present, the company is vigorously developing the chain monopoly system. In order to strengthen the main business of men's clothing, the company concentrates energy and concentrates resources on the construction of men's wear chain monopoly system and speeds up the development of men's wear chain monopoly system.

Reporters noted that this is not the first time that Hong Kong shares have stripped of their assets for the first time this year. In March of this year, Hong Kong shares transferred the 95% share of the red bean and cotton spinning company to the large shareholder of the red bean group, explaining the same as "to concentrate on the main industry of red bean men's clothing, and speed up the construction of the chain monopoly system."

The same as red shell dress, red bean and cotton spinning are also independent of the red bean men's clothing. Statistics show that the red bean cotton spinning was established in February 2004, and its business scope is the production of clothing and cotton textiles, the sale of textiles and raw materials and the acquisition of cotton. As of 2012, the company suffered a loss of 20 million 70 thousand yuan.

For the construction of "chain monopoly system", red beans have made more than one decision. At the China International Clothing and Accessories Fair in March 2011, Zhou Hongjiang, general manager of the red bean group, issued a bold statement, saying that in 2011, the red bean men's clothing store had to reach 2000 stores, and in 2012 it had to reach 3000.

"The 3000 house is just our goal. Now we have more than 1000 companies joining the camp." The above red bean certificate generation heard the 3000 figure slightly surprised, she said the current red beans. Men's wear In general, there are fewer cities in the two or three tier cities than in the first tier cities. She said.

In May 18, 2008, the red bean men's clothing formally announced the transformation, positioning the brand as the mid-range price brand clothing, and the store was mainly built in the two or three line city. At that time, the seven wolves had already introduced the franchise concept and owned more than 2000 retail stores.

　　 Performance is highly dependent on real estate business.

In addition to the construction of chain monopoly system, the electricity supplier's red bean shares also pay much attention in the annual report.

According to Hong Kong stock certificate to reporters, at present, red bean men's clothing is mainly set up in Tmall, Jingdong and other electronic commerce website flagship store, temporarily has no intention to set up its own electronic mall. Reporters login Tmall found that as of press release red beans men's wear flagship store, 95502 people are concerned, with the 89664 of the clothing and 71174 of the men's clothing 71174 concern, but lower than the number of Luo Meng 107111 and seven wolf 384650. The highest sales volume in the Tmall flagship store of red bean menswear is a long sleeved shirt worth 239 yuan, which has been sold for 3207 units, with an average sales volume of about 800, while the Tmall Tmall flagship store has a total sales volume of 14 thousand, with an average sales volume of about 1000. In general, red bean men's wear is not outstanding in Tmall's men's wear flagship store.

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In fact, although the red bean shares have been stressed many times Clothing industry In the company's leading position, but real estate has become a driving force driving its profit growth.

In November 2002, Hong Kong Group acquired Shanghai red bean Investment Co., Ltd. holding 45% stake in Wuxi red bean, and acquired 15% stake in the company. Through these two internal acquisitions almost simultaneously, Hong bean home was under the command of red bean stock.

Subsequently, along with the increasingly fierce competition in garment industry, the continuous increase in manufacturing costs, coupled with the impact of the financial crisis, the profit of red bean shares began to show a downward trend, and the growth reached the lowest level in 2009. The company's revenue decreased by 5.79% compared to the same period last year, and net profit decreased by 41.7% compared with the same period. But in 2010, the red bean stocks "bottomed out". According to the first half of 2010, the net profit of the parent company reached 25 million 436 thousand and 200 yuan in the first half of 2010, representing an increase of 77.60% over the same period last year.

At that time, in 2010, the Zhenjiang Xiangjiang Flower City Peach and Li Yuan group was delivered in the red bean real estate development. In addition, the apartment and office building of the red bean International Plaza project opened in the second half of 2008 and began to settle accounts. In the first half of 2010, the business income of the red bean real estate business increased by 715.41% over the same period last year.

according to Red bean Shares in 2013 semi annual report showed that its clothing revenue was 437 million yuan, down 6.32% compared with the same period last year, while real estate revenue was 304 million yuan, an increase of 94.63% over the same period last year, directly to clothing revenue.

In contrast, the contribution of real estate business to the profit growth of Hong Kong stock is self-evident, but due to the particularity of the real estate industry, its revenue also presents an unstable trend, and its overall revenue will inevitably be affected for the general revenue from the real estate business. The representative of the red bean stock certificate shows that the sale of the pre-sale can wait until the delivery is settled, so the revenue will fluctuate. "The real estate sector is only a subsidiary of our company, and the main focus is on making men's clothing." She stressed once again that although the contribution of real estate profits is obvious, men's clothing is still the top priority of development.

　　 Quality resources are not yet injected.

The performance of red beans is not strong, but actually relies on a "super tree". As the controlling shareholder of the red bean group, the red bean group has ten subsidiaries, including the red bean stock. Among them, the red bean stock is the only listed company. The product of the red bean group has developed from the original knitted underwear to the four major fields spanning clothing, rubber, bio pharmaceuticals and real estate.

As a cross border giant crocodile, the red bean group has many high-quality resources, including Jiangsu general Polytron Technologies Inc (hereinafter referred to as "Jiangsu general technology"), antineoplastic drugs "yew" and red bean home. Among them, Jiangsu general technology is a quasi IPO enterprise, waiting for listing on the Shanghai Stock Exchange. According to statistics, Jiangsu general technology is mainly engaged in R & D, production and sales of all steel radial, oblique car wheels, motorcycle tires and inner tubes, and owns famous brands such as "Red Rabbit horse, steed horse, Chi Wei Fu".

As early as the end of 2010, red bean shares were rumored that the group would injecting paclitaxel to the listed company, and the company told the media that paclitaxel would not be injected into the listed company. But there has been speculation that the red bean group will inject its Taxus or red bean home into the listed company to boost its performance. This statement has been broken down with the preparation and listing of Jiangsu general technology. "Red bean home is also shifting from wholesale to retail. It is still in a period of adjustment. Anyway, the group has no intention of injecting red beans home and yew at any time." The appeal red bean stock certificate generation representative said.

Moreover, the red bean group's participation in the preparatory work of the private bank has not been seen. According to the approved announcement of the SAIC's enterprise name issued in August 15th this year, the name of "South of Jiangsu bank Limited by Share Ltd" has been approved and approved by the red bean group. As the "South of Jiangsu bank", the preparatory person of the bank has also slowly emerged. Subsequently, the related "private banking stocks" have flown red, and the share price of the red bean stock has also risen continuously in from September 10th to 16th, but then the announcement of "red bean" announced that "for the recent market rumors about the establishment of private banks, the company did not participate in and had no plans to bid for the private banks." Shares fell nearly 10 points on that day.

Under the condition that the main performance of the clothing industry is not good enough and the real estate business fluctuates, it will be a new opportunity for the development of the red bean stock that has always lacked profit stimulation. However, outside rumors have been heard for a long time, but the quality resources have been lingering outside for a long time, which has made the red bean shares with a low level of performance fall into an awkward position.