Capital Chain Broken Into Shoes And Clothing Enterprises "Gate Of Life And Death"

In September 16th, the cable company issued a statement on its website that the chief financial officer of the company told the board of supervisors that he had lost contact with CEO Wu Qingyong and chief operating officer Wu Minghong since last weekend, and that two people had left their home and whereabouts were unknown. Surprisingly, in September 12th, the cable shoe industry also issued a statement saying that Wu Minghong would go to the hospital for medical treatment because of his health reasons, so he had to ask for leave for 6 months. Since then, Wu Minghong and Wu Qingyong have "disappeared" from the perspective of companies and investors.

The accounting department of Suo Li found that most of its cash in mainland China and Hongkong had been transferred to areas beyond the company's influence. According to the semi annual report of Suo Li shoe industry, Wu Qingyong holds 52.35% of the company's shares. Public information shows that Suo Li shoes industry was established in Fujian Province, and its company has been registered with Suo Li Xiamen Industrial Co., Ltd. In 2011, Suo Li Footwear was founded in Cologne, Germany, and traded on the Frankfurt stock exchange in December of the same year. The main market of the company is the Chinese market, with the urban middle class as the main target group. The company has 1400 employees, more than 110 stores, and is a long-term supplier of Anta, XTEP and other brands.

but subsequently In September 18th, Anta sports clarified: the company did have a supplier relationship with the cable shoe industry, but the deal has ceased for more than 5 years, and now it has no impact on the company. And the head of PR Department of XTEP (China) Limited also clarified that there was no cooperation between the two sides.

However, the incident reversed again. In September 20th, CEO Wu Qingyong, who appeared in Fujian and interviewed by the media, said that he had lost his cell phone with his family in Philippines. He could not return home in time due to weather and other problems. COO Wu Minghong was temporarily unable to communicate because of illness. But as of press release, the official of the cable shoe industry had not yet issued a Clarification Announcement.

It is worth noting that the annual growth of the total business of Suo shoe industry has maintained over 25% in recent years. In fiscal year 2013, the company recorded a total sales of 163 million 800 thousand euros (1 billion 303 million yuan) and net profit of 35 million euros (about 278 million yuan). Net profit The wetting rate is 21.4%. By the end of last year, the cash balance of Suo Li shoes was 108 million 500 thousand euros.

According to the data provided by the company's official website, the cable revenue increased 31% in the first half of this year, sales increased by 1.4%, pre tax profit reached 26.9%, and stable cash flow was 22 million 900 thousand euros.

In the past two years, the footwear industry has been in a low ebb tide. In July this year, another textile and garment manufacturer in Fujian announced that Ding Hui, chairman of the board, had lost contact with him in July 25th and had transferred funds for 4 times before losing contact with a total of 228 million yuan.

Prior to that, the news of Hope Les, the owner of Fujian's Quanzhou red Rui Xing, who owns the menswear brand "Hoperise ("), has also attracted a lot of attention. Subsequently, another Singapore listed Fujian alligator company was also exposed to the loss of the responsible person.

Xiang Sheng, executive director of Xiang song capital, said that the footwear industry in Fujian was losing contact with the clothing brand owner, which was caused by a chain breaking of funds. Ma Gang, a clothing industry expert, believes that the "running door" of Fujian shoes and clothing enterprises is a growing pains for the business community and a paved road for upgrading the industry. Ma Gang pointed out that the "running door" that broke out in Fujian repeatedly reflects a problem: how can the government guide, regulate and solve the financing difficulties of enterprises? Has the government made a plan to prevent the owner of the private enterprises from running away? At the same time, how should the private enterprises start the bankruptcy proceedings protection? enterprise These are urgent problems to be solved.

The cable shoe industry, though not the boss of the outside world, has seriously affected the corporate reputation of the cable shoe industry. The industry's concerns about its financial situation will not be alleviated by Wu Qingyong's appearance. In the long run, the boss of private enterprises needs more "making up lessons" in the company's internal control. Xu Zhihua, chairman of Fujian footwear industry association and PEAK sports CEO, said that in the process of deep adjustment, some enterprises were eliminated from the market rule. In fact, the industry still has great opportunities, and the industrial chain will develop towards a more reasonable and healthy direction.