Inventory Pressure Is Still Restricting The Development Of The Industry, Diversified Development, Active Pformation And Finding A Way Out.

Affected by the recent domestic economic downturn and the impact of e-commerce, the listed textile enterprises, as the leading industry, have to avoid their edge, take the initiative to divest the physical stores and liquidate their own brands.

It is reported that 26 evening, Lutai A announced that the company's board of directors agreed to dissolve the wholly-owned subsidiary of Beijing Lufeng sunshine Clothing Co., Ltd., the existing 15 stores and related personnel and assets reorganization into Beijing think.

Limited company, to avoid the loss of Lufeng sunshine for a long time to the company.

It is worth noting that the "closing shop tide" intensified, to a certain extent, further exacerbated the inventory pressure of the listed textile enterprises.

According to reporter statistics, as of the evening of 26, 81 listed textile enterprises, 58 have disclosed the 2015 China Daily.

Among them, black Mudan, Hai Lan's home, red beans, shares of URI, Lu Tai A and other 11 companies stock more than 1 billion yuan, the risk of impairment can not be underestimated.

Lufeng sun, a wholly-owned subsidiary of the company that was set up in 2010 and added 5 million yuan in June 2012, has high hopes for Lu Tai A.

However, the net profit of its successive losses and the lack of optimism for its future performance made A have to make a decision of dissolution after 5 years.

Announcements show that, due to the domestic economic downturn and the impact of e-commerce, physical stores

Sales are increasingly difficult, Lufeng sunshine small scale, anti risk ability is weak, successive losses, the company then held on the 25 day of the board meeting to consider and adopt the resolution on the dissolution of Lufeng sunshine.

Reporters learned that Lu Feng sun legal representative is Liu Shizhen, the registered capital of 15 million yuan, the residence is located in Beijing Chaoyang District East Third Ring Road, mainly engaged in kava Wendi brand.

As of 30 June this year, there were 15 physical shops.

At the beginning of its founding, Lufeng sun's performance was not satisfactory. In 2010, sales revenue was 11 million 856 thousand and 600 yuan, and sales income was 25 million 308 thousand and 400 yuan in 2011, 113.45% higher than that in 2010; 2010, and 2011 net profit of 212 thousand yuan and 176 thousand and 400 yuan respectively.

This has prompted Lutai A to make a capital increase decision in June 7, 2012. It said it would increase the store and supplement the working capital to 5 million yuan of Lufeng sunshine with a registered capital of 10 million yuan, so that its registered capital would reach 15 million yuan.

"This is mainly to increase the proportion of self financing of Lufeng sun and supplement its working capital, so as to lay the foundation for further improving business performance and ensuring its healthy and stable development."

Lu Tai A said.

What is more ironic is that at that time, Lutai A had promised investors that Lufeng sun would run normally and operate well. There would be no risk of capital increase and no adverse effect on the company.

However, when the voice did not fall, the performance of Lufeng sun appeared a loss.

In the first quarter of 2012, its total assets amounted to 13 million 273 thousand and 300 yuan, its operating income was 5 million 547 thousand and 300 yuan, and its net profit was -32.88 million yuan.

As of June 30th this year, the total assets of Lufeng sun dropped to 8 million 274 thousand and 100 yuan, net assets of 4 million 944 thousand and 700 yuan, undistributed profits -1009.41 million yuan, sales income from 1 to June in 2015 was 3 million 992 thousand and 500 yuan, and the profit was -74.28 million yuan.

This shows that Lu Tai A investment in this investment is not small.

In fact, in the first half of this year, the overall operation of textile enterprises is stable, but the industry situation is still grim. Even the leading textile companies in the industry are also hard to escape.

In the 58 listed textile companies that have been disclosed in the report, the decline in the performance of Lu Tai A is not "heterogeneous".

According to statistics, the first half net profit of 20 companies has dropped compared with the same period last year, and public and Jia Linjie share a bigger loss.

It is worth noting that the inventory of listed textile enterprises is still hanging on top of their "Damour's sword".

According to the disclosure of the China Daily, there are 53 listed textile enterprises inventory of over 100 million yuan, including black peony, Hai Lan home, red bean stock, URI shares, Lu Tai A, Saturday, Xingye technology and other 11 companies inventory of over 1 billion yuan.

Black peony is the top of the list with 6 billion 644 million yuan of stock. Hai Lan's home and red bean stock are closely followed by 6 billion 494 million yuan and 4 billion 16 million yuan stock.

The stock of Lu Fu sun shares has reached 1 billion 871 million yuan, which is a huge sum compared to the net profit of 158 million yuan in the first half of the year.

The stock of Lu Tai A also reached a high value of 1 billion 761 million yuan, which is self-evident.

In this regard, the industry analysis.

Inventory growth is related to the continued downturn in demand environment.

"The sustained high growth of the domestic economy in the past few years has greatly promoted the consumer's consumption ability and consumption concept. The pursuit of spiritual consumption and the pursuit of high performance price ratio have become the trend of consumption. The popularity of the Internet and electricity providers and the new business mode give consumers more information and choices, thus greatly squeezing the survival space of the traditional garment industry and enhancing the competitive level of the garment industry."

The main business is difficult to make diversification become the only way for the listed textile enterprises to seek salvation.

Kai Ruide, Jiaxin, silk and other listed companies have begun to set foot in the financial industry.

In addition, Shanshan stock investment in lithium battery materials industry, Busen shares showed interest in the concept of agriculture.

Among them, "Internet +" is also increasingly keen on listed textile enterprises.

For example, "

The strategy of "ecological circle" is to continuously share shares, buy APP brand "star Wardrobe", and build strategic layout of "Internet + fashion" with Lianzhong international. In June this year, a wholly owned subsidiary was set up in Hongkong to invest and vertical the domestic and foreign markets.

The introduction of brand is the way to pave the way.

At the same time, the sharp depreciation of RMB in recent days has brought a lot of hope for the listed textile enterprises.

Lu Tai A this year's China Daily reported that the main business revenue constituted by region, domestic sales of only 899 million yuan, accounting for about 3 of the total, a large proportion of exports.

From the perspective of its export business, Southeast Asia, Europe and the United States and other regions have a large volume of business.

The devaluation of the renminbi is bound to boost its export business.

"The major textile manufacturing enterprises in the industry, most enterprises export more than 20%, and commodity exports are basically settled in US dollars. The depreciation of the renminbi will help to enhance the international competitiveness of export oriented enterprises to a certain extent."

Haitong Securities said.