Inventories Are Increasing Year By Year.

Inventory is increasing year by year, which is also a difficult problem to solve.

According to the prospectus, in the 2012-2014 years, the net inventory of ANN was 166 million yuan, 183 million yuan and 213 million yuan respectively, representing 56.09%, 55.14% and 52.07% of the current assets respectively.

Among them, inventory commodities accounted for a relatively large proportion.

Over the same period, the balance of goods stored in the company was 130 million yuan, 141 million yuan and 167 million yuan respectively, accounting for 71.95%, 70.17% and 69.96% respectively.

From the data, though

The proportion has dropped, but it remains at 70%.

In the 2012-2014 year, the price of goods prepared by the company was 11 million 570 thousand yuan, 15 million 200 thousand yuan and 18 million 930 thousand yuan respectively.

"The main reason for the larger inventory balance is the size of the company.

The continuous expansion has led to an increase in the inventory of goods such as goods. "

It is explained in the prospectus.

In fact, in the textile and garment industry, high inventory pressure is a common problem, including the golden hair Rabbi maternal and child products Limited by Share Ltd.

By the end of 2014, its inventory balance was 96 million 130 thousand yuan, accounting for 21.7% of total assets.

Flush iFinD statistics show that as of the end of 2014, the total inventory of 77 textile and apparel listed companies totaled 78 billion 465 million yuan, an increase of 4.64% over the 74 billion 984 million yuan in 2013.

Among them, the 002029.SZ 2014 inventory balance book balance of 1 billion 111 million yuan, compared to 935 million yuan in 2013, an increase of 18.82%.

Zhao Yongqiang, an analyst with long-term concerns about textile and garment industry, told reporters in an interview with times weekly that the export situation of garment enterprises was severe because of the sluggish demand in the international market.

Meanwhile, the overall situation of the textile and garment industry is not optimistic under the influence of multiple factors such as slowing domestic demand and fluctuating prices of textile raw materials.

As a result, textile and apparel listed companies have also launched a wave of mergers and acquisitions.

In 2014, the development of Inner Mongolia has adjusted the main business development direction, through investing in establishing internet related supporting industries that mainly rely on big data service projects and gradually extending to the upstream and downstream industries chain. American Apparel is also seeking to pform to the Internet mode of operation, while Xinfeng ocean has changed to the development, production and sales of phosphate compound fertilizer through major asset reorganization.

In such a severe industry situation, the listing of the company has added a layer of uncertainty.

In July 2014, the pork Commission, which also had children's clothing, was terminated by the SFC.