Seven Wolves: Looking For New Profit Growth Points

In the first quarter of this year, seven wolves sold 638 million yuan, down 2.33% from the same period last year, and realized net profit of 67 million 896 thousand and 700 yuan, down 39.3% compared to the same period last year.

Due to the slowdown in sales growth, the final balance of the seven wolves last year was 1 billion 111 million yuan, up 18.82% from the 935 million yuan in 2013.

Last year, the net number of seven wolves was 681.

In February this year, seven wolves announced that they were planning to participate in the establishment of Qianhai reinsurance company.

The company said that the purpose of participating in the launching of the reinsurance company is to "optimize the company's business structure, enhance the company's overall competitiveness and create greater value for shareholders".

In March, seven wolf group finance Limited approved the opening.

Earlier, the company issued a notice that the establishment of this financial company is conducive to optimizing the allocation of funds, saving capital costs, improving the efficiency of capital utilization, further widening the financing channels, creating the integration effect of industry and finance, and enhancing the overall risk resisting ability of the apparel industry chain, in line with the company's strategic development requirements.

This month, seven wolves appeared in the list of sponsors of Strait life insurance, and 150 million of them were invested in 10%.

And many years ago, the seven wolves were already "predecessors" in the field of financial investment. The development strategy of "three carriages" of clothing, real estate and investment has been established.

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Listed seven wolves industrial Limited by Share Ltd main business for clothing, and seven wolves industrial Limited by Share Ltd control shareholder seven wolves group main business direction for external equity investment and real estate projects, according to the 2014 annual report, the seven wolf group involved in the scale of assets over 100 billion.

According to statistics,

Group owned bank equity include: Industrial Bank, Everbright Bank, Chongqing rural commercial bank, Chengdu agricultural commercial bank, Jinjiang agricultural cooperative bank, Xiamen bank and so on. Securities mainly concentrated in Zhongshan securities, Guotai Junan, and insurance shares are concentrated in sunshine insurance. Venture capital management shares are Shenzhen innovation investment, seven wolves venture capital, Hongqiao venture capital, and other financial reference equity include Huixin small loan, Jinjiang guarantee, Bo Rong pawn, hundred financial leasing and so on.

When asked whether the company will move toward the future

Tilt, Fujian seven wolves industrial Limited by Share Ltd deputy general manager and Secretary of the board of directors Wu Xingqun denied.

He said that clothing will still be the main business of the seven wolves. This is also the brand support of the seven wolves, making the clothing business bigger and stronger and heading for the international market. This is the ideal of the seven wolves.

In this regard, the industry believes that under the external environment, in the main business is not strong, enterprises are diversifying investment is also looking for new profit points.

In addition, the profits of some companies have been stable for many years, and other businesses can be considered only if they want to increase their profits.