Wenzhou 11 Companies Listed Shoes And Clothing Industry Only Semir Double Growth

As the listed companies have handed over their "mid-term pcripts", the expenses have become a concern for every shareholder again.

As of last week, 11 local listed companies in Wenzhou submitted their semi annual reports for 2014.

Which company is the most profitable? Who is the most entertaining? Outside the industry, what does the listed company rely on to make money?

Profit and loss differentiation among different industries is still obvious, the electrical industry is growing steadily, while the shoe and clothing industry only Semir (Semir store) clothing company maintains a double growth in total business revenue and net profit, and the remaining growth rate is still lower than expected. The main factors that affect the growth of performance are the low confidence of the consumer in the footwear industry, the rapid evolution of the channel pattern, the diversion of traditional stores, etc.

Shoe and garment industry, Semir keeps double growth

In the first half of this year, 11 local listed companies in Wenzhou realized a net profit of about 1 billion 802 million yuan, up 23.45% from the same period last year.

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In the face of the downward pressure of macro-economy and the complex and changeable market environment, CHINT electric innovation R & D system and management mechanism has strengthened the management of product lines and projects, effectively carried out technological incremental innovation and technological pformation, and realized operating income of 5 billion 850 million yuan, an increase of 8.03% over the same period last year. The net profit attributable to shareholders of the parent company was 810 million yuan, an increase of 22.28% over the same period last year. At the same time, an international business and logistics platform was built to strengthen overseas.

The operation system of subsidiaries has successfully increased overseas sales by 29.65% over the same period last year.

The business income and net profit double growth report card also includes Huayi Electric and gold card shares.

Among them, Huayi Electric Appliances show a bright eye, mainly due to sustained and steady growth in investment in the State Grid, and the overall warming of the wind power industry.

According to the 2014 China Daily, only one Semir clothing company maintained a double increase in total revenue and net profit, while the rest growth rate was still lower than expected.

The total revenue of Semir clothing in the first half of the year was 2 billion 932 million yuan, an increase of 7.59% over the same period last year, with net profit of 344 million yuan, an increase of 20.97% over the same period last year.

The rest of the performance has negative growth, but slower than the 2013 annual performance.

Jinlong Electromechanical, Wenzhou Hongfeng, Zhejiang East day shows two poles.

Jinlong Electrical and mechanical profit in the first half of this year was only 4 million 400 thousand yuan, down 78.92% compared to the same period last year. The net profit of the company has increased by more than 20% during the continuous reporting period.

Wenzhou Hongfeng net profit in the first half of 14 million yuan, an increase of 298.37% over the same period last year.

Business entertainment costs up to half.

A share listed companies, especially the central enterprises, have been a controversial topic of public opinion.

However, since all localities and departments have implemented the eight provisions of the Central Committee, the "entertainment fee" of hundreds of millions of yuan or even one billion yuan has been a lot of convergence in the past.

Recently, with the disclosure of semi annual reports, only 10 of the 11 local listed companies in Wenzhou did not disclose the business entertainment expenses, while the remaining 10 Wenzhou listed companies spent 50 million 220 thousand and 700 yuan in the first half of the year, which was basically the same as the same period last year, and increased by only 0.49%.

What is "business entertainment fee"? It is understood that business entertainment expenses in accounting subjects refer to the expenses paid by enterprises for the reasonable needs of production and operation.

Specifically, what kind of entertainment expenses do not have a precise definition? On the operation, the banquet, work expenses, souvenir expenses, visiting expenses and pportation expenses generated by business operations are regarded as entertainment expenses.

From the "love treat" list, we can see that only 3 enterprises in Wenzhou have more than 5 million business entertainment fees, of which the most generous one is CHINT electric, and only half a year's entertainment expenses.

18 million 31 thousand yuan, the most frugal for Zhejiang East day, half a year entertainment fee is only 209 thousand yuan.

Compared with the reports of the 10 listed companies last year, two enterprises have significantly reduced their entertainment expenses. Among them, AOKANG (AOKANG franchised store) received 3 million 64 thousand yuan in hospitality in the first half of last year, compared with 1 million 510 thousand yuan in the same period this year, and nearly half of it. The amount of "treat" has dropped from fourth in 2013 to eighth this year.

In addition, Huayi Electric's entertainment expenses in the first half of this year decreased by 2% compared with the same period last year.

In addition, the other 7 companies had higher entertainment fees this year than last year, and the sales of spandex in the first half of this year increased by more than 2 times.

Listed companies are keen on bank financing.

From investing in the property market, stock market to buying financial products and issuing entrusted loans, listed companies, besides the company's proprietary business, use idle idle funds or idle funds to raise investment is not new.

Of the 11 listed companies in Wenzhou, 5 listed companies spent a lot of money in the first half of this year in the purchase of financial management. The total purchase amount was 3 billion 465 million yuan, and the actual profit and loss amount in the reporting period was about 4 million 522 thousand and 400 yuan.

In addition to the purchase of bank financial products, the scale of equity investment and entrusted loans has increased continuously, which has contributed to the net profit of Wenzhou listed companies in the first half of this year.

According to the data of the semi annual reports of various companies in 2014, 11 listed companies obtained 88 million 410 thousand and 600 yuan in the first half of the year, accounting for 4.91% of the net profit.

Among them, Huayi Electric Co., Ltd., the first listed company on the main board in Wenzhou, has a net profit of about 74 million 70 thousand yuan in the first half of this year, up 15 times compared with the same period last year. Behind the rapid growth of net profit, 32.68% of its profit growth is due to 24 million 200 thousand yuan earned from investment income, of which 22 million 500 thousand yuan is entrusted to the loan.