Some People Are Making A Profit And Others Are Making A Profit Of 2 Billion 202 Million Yuan.

This year is a crazy year. All the grandparents in the streets and alleys are bleeding money.

It can be said that in the 2015 generation, the rich generation lost one generation.

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Frequent institutional investors who hold more than 5% stake have reduced their holdings, but now they are turning from institutional investors to controlling shareholders of clothing listed companies.

In the past month, it has been announced that the number of garment companies listed on the controlling shareholders will be reduced to 6, of which more than 10% will be reduced, or even 27%.

The most representative clothing of the US state made a profit of 2 billion 202 million yuan for its major shareholder by 10% of the shares.

One billion level profit

Reduction can make a controlling shareholder of a publicly listed company make a profit.

After the announcement of controlling shareholders' reduction of information in early April, from April 9, 2015 to April 10th, the Chinese clothing investment reduced 50 million 550 thousand shares, that is, 5% of the shares, the average reduction price was 21.17 yuan, and the profit was 1 billion 70 million yuan. In April 15th, the investment in Chinese clothing was reduced by 5% of the shares. The average reduction price was 22.39 yuan / share and 1 billion 132 million yuan in profit.

Two purchases were reduced, and the investment in Chinese clothing was "2 billion 202 million yuan".

Although the controlling shareholder of fuanna controlled only 2.71% of the shares, it gained 386 million yuan.

Several other clothing listed companies have not started reducing their holdings since the announcement of the controlling shareholder's reduction. However, if the closing price of the previous trading day is announced, they will be reduced by 12% to 3% of the hundred round pants industry, and 14.67% and 27% of the nine shepherd kings and Roley home textiles are to be reduced, and the controlling shareholders will be able to earn 2 billion 700 million yuan, 699 million 700 thousand yuan, 1 billion 813 million yuan and 6 billion 418 million yuan respectively.

There are several big speculations about the sharp reduction.

However, why does the controlling shareholder of clothing listed companies concentrate on reducing cash holdings?

Under the stimulation of good news such as mergers and acquisitions, employee stock ownership and high pfer, although the company's performance is temporarily difficult to have obvious stimulation, the price of clothing listed companies has experienced a surge.

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For example, 4 investments have been announced this year, namely, the cross-border e-commerce company, Shenzhen Qianhai palson, the pferee of cross-border e-commerce comprehensive service provider, the Guangzhou pahlun trade stake, the purchase of Shenzhen world Tesco Agel Ecommerce Ltd and the investment of Shenzhen Tuo technology, and the four investment has dropped 1 billion 146 million yuan, and the hundred circle trousers industry even intends to rename the "cross border treasure" to force cross-border electricity providers.

Its share price has also risen.

From the first trading day of this year to June 5th, the share price of 100 circles trousers industry rose from 28.82 yuan to 106.98 yuan, up 271.2%.

The Nandu reporter calculated that from the beginning of this year to June 5th, the stock prices of search, special, nine, 131%, 164.1%, 186.8% and 164.7% respectively.

The sharp rise in share prices or these listed companies are aware of potential crises.

Roley's home textiles Dong Mo Tian Lin responded to the media or interpreted the real idea of reducing cash holdings.

"There are some capital arrangements for the major shareholders, and one is that the stock market is too hot recently, the gem valuation is 100 times, and the small and medium board is 70-80 times, which is much higher than the normal 20-30 times valuation.

We can see that there may be some adjustment in the second half of this year, and maybe even the top. "

In the view of Shen Meng, executive director of Xiang song capital, there is a possibility of substantial reduction in controlling shareholders of apparel listed companies.

"If it is a small amount of reduction, it may be the consideration of controlling shareholders for capital allocation; if it is short-term large reduction, it may be the readiness of the controlling shareholder to restructure or change the main business; otherwise, if the controlling shareholder has other assets other than clothing listed companies, if he is not optimistic about the clothing industry, he may take advantage of high cash."

Shen Meng told reporters in Nandu.

However, Shen Meng also pointed out that if the controlling shareholder is still holding absolute control, it will be more likely to have high cash in cash.

Take the recent release of the controlling shareholder's reduction in search of special case.

According to the information of trading software, after the resumption of power, the company's share price has reached its highest level since 2011.

After preparing for pformation to capital and management, the company's share price has risen 169.2% since 2015, especially since May, and the company's share price has been more powerful since the beginning of May. The company's stock price has risen 62% over the past month.

Triggering sharp fluctuations in stock prices

Although the holdings of controlling shareholders of these listed companies are mostly carried out through bulk trading system, theoretically, they will not have much impact on the two tier market.

But in fact, when the announcement of the reduction was released, it still affected its share price.

On the same day when king announced the controlling shareholder's reduction plan, it launched a plan for a wholly owned subsidiary to launch the Internet + fashion industry fund, with a scale of 1 billion yuan and a wholly owned subsidiary as a limited partner of the fund. The proposed amount is 990 million yuan.

Despite the good news of the establishment of the industry fund, its stock price still suffered a three consecutive drop. On the 2-4 trading day of June, the cumulative decline in the three trading days was as high as 14.65%.

And the share price also fell sharply, as well as the Luo Lai home textile, its controlling shareholder does not exceed 27% reduction proportion announced, has brought a "nightmare" to the investor.

The share price dropped by 7.83% on the day after the announcement was made at noon on May 27th.

In comparison, the state of America is very crude, but it works very well.

In March 30th, before the announcement of controlling shareholder reduction, the United States released a "high delivery" announcement of 10 shares in every 10 shares, 10 shares to 5 shares and cash dividends 1 yuan in March 31st.

In the evening of April 3rd, the announcement of controlling shareholder's reduction was a surge in its share price. In April, there were three trading restrictions on three, 7, 8 and 9 days.

Then the United States and costumes were reduced on 9-10 and 15 days in April. The average reduction and average price were two yuan and 22.39 yuan respectively, and the controlling shareholder Hu Jiajia and the concerted action investor reduced 10% of the US shares and accumulated a profit of 2 billion 202 million yuan.

In terms of timing, the United States is better than its shareholder Huarun Shen Guo Trust Limited.

In from April 1st to 20th, Huarun Shen Guo Trust Limited reduced its 5% stake in the United States through the centralized auction system of the Shenzhen stock exchange, with an average price of only 17.66 yuan.

However, Shen Meng gave another explanation to the "high pfer" of listed companies.

"It seems to be a good news for investors, but in fact it is not good."

Shen Meng believes that if the company's profits did not rise, the increase of shares, but diluted the proceeds.

As for the rising share prices of clothing listed companies, Shen admitted that different markets, plates and industries are constantly rising, but they encounter a bottleneck that can not enter the real economy and can not enhance the real economy.

It is undeniable that the apparel industry is still in the adjustment period.

Cheng Weixiong, general manager of clothing retail specialist and Shanghai Liang Qi Brand Management Co., Ltd., also told reporters in Nandu that the era that clothing industry can earn money with closed eyes has passed.

In Cheng Weixiong's view, now the industry should return to store the store well, make the brand well, dialogue with consumers, and do research and development of products well.

But Cheng Weixiong also pointed out that in this process of adjustment, even if we do these things, our performance will not necessarily improve. This process will be very painful.