Busen Shares Lost Billions Of Dollars Due To Cold Resistance In Clothing Industry

The results of the 2014 annual report released today show that the company achieved a total operating income of 480 million 527 thousand in 2014, down 26.21% compared with the same period last year, operating profit of -9484.64382 million, down 902.39% from the same period last year, and net profit of -1.04 billion, down 1820.16% over the same period last year.

Busen shares said that the decline in performance was mainly due to the deteriorating overall situation of the apparel industry, weak sales in the terminal market, the impact of the electricity supplier and the continuous warm weather, making the autumn and winter of the company.

Far from achieving the expected goal, the comprehensive reduction of customer orders, reduced sales scale, reduced sales revenue, and significant drop in operating profits.

In addition, the company's deferred income tax assets returned to 1594.86251 yuan, resulting in a sharp decline in net profit.

It is worth noting that this is the first performance of Busen shares since its listing in 2011.

In 2011, 2012 and 2013, the net profit of the company was 51 million 98 thousand and 800, 40 million 160 thousand and 6 million 70 thousand respectively.

However, from the perspective of net profit growth, the net profit growth rate has been declining and expanding in recent years. From 2011 to 2013, the net profit growth rate of the company was 21.2%, -23.98% and -84.9% respectively.

Perhaps it is precisely because of the deteriorating performance of Busen shares will advance ahead of the other abacus.

In August last year, Hong Wah agriculture had planned to borrow Busen shares. However, with the great divergence of Busen group and the restructured shareholders and shareholders of Busen group in November 26th of that year, the decision to terminate the major asset reorganization and withdraw the reorganization application documents was released.

The dilemma and struggle of Busen shares, or the tip of the iceberg of the industry.

The seven wolves of the same type also shared the same illness.

According to the latest disclosure of seven wolves, the company achieved 2 billion 390 million operating income in 2014, down 13.79% from the same period last year, with net profit of 287 million 400 thousand, down 24.19% from the same period last year.

Seven wolf said that the decline in performance was mainly caused by the low consumer market and weak retail environment, and the reduction in customer orders.

Hinur could not escape.

The company expects net profit of -4800 to -3500 million in 2014. In the first three quarters of last year, the company's net profit was -3339 million, and in 2014 it could become the first loss year since the listing of the company in 2010.

Business gloomy

Not a few.

According to Meyer announcement, the company's net profit in the year of 2014 is estimated to be -600 to -1000 million, compared with 11 million 671 thousand and 200 yuan in the same period last year, mainly due to the fierce competition in the main textile and garment market and the rapid increase in labor costs, especially in Japan.

In addition, from the first three quarters of last year, the results also showed that the year-on-year decline in performance also included the card slave Road, the hundred round trousers industry, the nine shepherd king, and the American bond clothing.

According to the statistics of the China National Business Information Center, the retail sales of clothing commodities in major retail enterprises increased by 1% over the same period last year, and the growth rate dropped by 4 percentage points compared with that in 2013. Among them, the retail sales of clothing commodities of hundreds of major retail enterprises in the whole country decreased by 0.4% compared with the same period in December, and the growth rate was 1.3 percentage points lower than that in November. The third retail sales showed negative growth in the same period last year.

It is worth noting that when the prospect is worrying, many garment companies have to close their stores.

According to the statistics of the Shanghai Daily reporters, in the clothing industry, Bosideng, nine Mu Wang, seven wolves, long Zi shares, card Nu Di road and Busen shares decreased 134, 347, 11, 53 and nearly 100 stores in the first half of last year respectively.

In addition, many companies such as Smith bond, Semir clothing and Hinur are also in the process of closing shop.

Textile industry authority told reporters that the textile and garment industry will bid farewell to the extensive era of "horse racing enclosure", instead of "intensive farming", and the adjustment process will last three to five years.