The Performance Of Traditional Industries Is Getting Warmer And The Polarization Between Enterprises Is Obvious.

The annual report shows that in the first half of this year, the turnover and net profit of footwear industry increased.

Already out of the trough, there is a situation of strong and constant strength and differentiation.

Nationwide, in the first half of 2015, the retail sales of clothing commodities of hundreds of key large retail enterprises increased by 3.7% over the same period last year, and the growth rate increased by 2.5 percentage points in the same period last year.

In the first half of 2015, the textile and apparel industry achieved a total of 52 billion 749 million yuan, an increase of 8.33% over the same period, including two yuan in the two quarter, an increase of 5.19% over the same period last year.

The overall performance of men's clothing industry is more prominent, and the main growth rate is the first place in all sub sectors.

Optimizing terminal channels

Due to the overall downturn in the consumer environment, the garment industry has been weak in recent years, and its inventory is high. But in 2014, with the development of enterprises' inventory movement and e-commerce, the garment industry showed a trend of warming.

Quanzhou listed shoe and clothing enterprises actively adjust product mix and improve terminal marketing strategy. The main industry growth rate is basically steady, leading enterprises have more obvious advantages.

In the first half, Anta's revenue rose 5 billion 100 million, an increase of 24% over the same period, with a net profit of 1 billion 260 million yuan and a new high.

The turnover of 5 billion 100 million is 2.3 times that of 331 degrees, and 5 times that of the noble bird.

In the semi annual press conference, Anta also proposed the goal of reaching 10 billion this year, or will become the first local sports enterprise to break through billions.

XTEP and 31st degree also performed well. In the first half of the year, the turnover increased by 5.7% to RMB 2 billion 208 million yuan, gross profit increased by 9.7% to RMB 911 million yuan, and net profit increased 34.4% to RMB 486 million yuan.

XTEP's total revenue in the first half of this year was 2 billion 391 million yuan, up 12% from 2 billion 135 million yuan a year, and 343 million 500 thousand yuan net profit, up 21% from the same period last year.

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Overall, the reform has made remarkable achievements, and the rebound in performance has become the main keynote of Quanzhou listed companies.

From the semi annual data, we can see that the problem of high storage in the shoe and clothing industry has been basically solved in the past. This is due to the optimization of terminal channels and the pformation from wholesale to retail. Whether Anta, 31st degree, or nine herd king or Li Lang all emphasize the optimization, upgrading and experience of physical stores, enhance the performance of single stores and the same store growth, and clean up and close the stores with poor profitability.

In addition, the closing shop tide has basically come to an end. The number of stores in some brands has seen a net increase.

But some companies are still out of the woods.

After losing more than 100 million last year, Meck lost 68 million 540 thousand yuan in the first half of this year.

Recently, Meck International announced that it will sell its subsidiary Quanzhou Meck in HK $6100.

A 100% stake in the limited company, the buyer is Jie Hui Enterprise Limited, is a Invest-holding Company, and ultimately has the benefit of Lim Choon Heng.

The company estimated that the proceeds from the paction would be about HK $900 thousand, and the proceeds from the sale would be used for general working capital.

As early as July, Merck international has been bought by SMG chairman Li Ruigang, Tencent and Hongkong "shell king" Chen Guoqiang. According to the Hongkong tiger newspaper, Meck is basically purchased as shell resources.

Transformation through mergers and acquisitions

Some enterprises that are still failing to improve and remain under pressure will accelerate the process of pformation and upgrading.

Tianguang fire company, the main fire protection industry, intends to acquire 100% stake in Zhong Mao garden and Zhong Mao bio. The main business of Zhong Mao garden includes municipal gardens and real estate gardens, with larger market space. The main direction of future development is ecological restoration technology.

Through mergers and acquisitions, the company will cut into landscaping and ecological agriculture, and diversify the future fire, garden and ecological agriculture.

There are also plans for merger and acquisition.

Thailand shares are expected to realize the backdoor listing of Shanghai Kai Ying Network Technology Co., Ltd. through a series of pactions such as asset replacement, issuance of shares and equity pfer, which is valued at about 6 billion 300 million yuan.

After the completion of the paction, Thailand will pform from a sole enterprise into an Internet game enterprise integrating platform operation and product development into a replica of the plum blossom umbrella.

This deformation gauge also appeared in Guan Fu shares.

The Dehua enterprise, which is a ceramic manufacturer, is preparing to peel off its main business, such as ceramic manufacturing and bamboo processing. After the divestiture is completed, Guan Fu will become a company which is mainly engaged in the research and development of pharmaceutical intermediates, and covers other businesses such as park property management, gold mining, bulk commodity trading and so on. It has nothing to do with ceramics.

Some enterprises established M & a funds in the first half of the year to achieve diversified development.

In the semi annual report, the seven wolves clearly put forward to "industry + investment" for the first time.

In the first half of the year, the seven wolves changed the use of the 1 billion fundraising fund originally purchased and leased, and switched to the establishment of a fashion industry fund to create a "fashion consumption ecosystem".

Men's clothing brand nine Mu Wang also set up an industrial fund to actively grasp the new opportunities brought by the Internet to the garment industry.

In June this year, the company set up an Internet fashion industry fund to prepare for the layout of the Internet industry; in July, the subsidiary company entered the mobile Internet business with the participation of mobile shopping guide operators to the heart of cloud technology; in August, the subsidiary set up a new cultural industry fund, and completed the equity investment in the first clothing brand of the Internet clothing, and began to excavate the value space of the Internet and the intersection of the cultural and fashion industries.

The company said that the deep integration of Future Ltd's traditional business and the Internet will continue to bring growth momentum to the company.

Affected by the continuous weakening of the real estate market and the continuous decline of aluminum prices, the net profit of the first half of Min FA has declined year by year. In order to speed up the layout and development of its own industry and integrate the industrial chain, Fujian FA aluminum industry launched the establishment of an industry buyout fund, which will invest in high-end equipment manufacturing, military industry, new material enterprises and the Internet.

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Quanzhou is now "cabbage stocks".

Although the performance has improved, but in the A share market two level market due to the stock market turmoil since June, Quanzhou shares of A share listed companies frequently dived.

As of last Thursday, the stock price below 10 yuan was Xun Xing shares and min FA aluminum, seven wolves, Huiquan beer, Feng Zhu textile and Na Chuan shares were also hovering around 10 yuan.

At the same time, the wealth of many controllers has also shrunk.

The biggest shrinkage is Lin Tianfu, chairman of the precious bird.

Lin Tianfu 100% holding the great bird group (Hongkong) Limited, while the latter owns 484 million shares of the great bird.

In May 27th of this year, the price of the highest bird reached 69.37 yuan / share, and its market value was 42 billion 593 million yuan. On the closing of last Thursday, the stock price fell to 24.6 yuan / share, and the market value shrank by 24 billion 700 million yuan. Lin Tien Fu also shrunk 21 billion 600 million yuan from the 33 billion 575 million yuan in the peak period in about three months.

Shrinking is also evident in the actual control of Lin Congying.

In June 2nd of this year, the price of nine Mu Wang rose to 40.09 yuan / share, but it closed down to 15.5 yuan / share on Thursday, and its market value shrank by 14 billion 100 million yuan.

Lin Congying 100% holds the international Klc Holdings Ltd of nine herd king, while the latter is the controlling shareholder holding 53.73% of the king.

According to this calculation, Lin's assets decreased by 7 billion 500 million yuan from the peak.

The fall in share price not only means that shareholders' wealth has shrunk, but also becomes a landmine facing equity pledge.

Because of the need for personal capital use or loans from listed companies, large shareholders of enterprises usually get financing by way of equity pledge to financial companies. Stock pledge rate (ratio of financing to stock market value) is determined according to the quality of different stocks, usually not more than forty percent off.

However, the precipice of the domestic stock market has led to the risk of equity pledge.

The hypothecation Party (also known as the "integration party") may require large shareholders to make up the stock, and some may even throw shares to avoid the "ashes" of the wealth on hand.

Reporters found through combing, in the 15 A shares listed in the spring enterprises, this year, a total of crown Fu shares, torch electronics, nine Mu Wang, tour family network, Xingye science and technology, Na Chuan shares, South Wei software, torch electronics, Tianguang fire 9 companies have done equity pledge.

Take Guan Fu shares as an example. The top five shareholders of the company, Lin Fuchun, Chen Liequan, Wen Zhou industry, Lin Wenzhi and Lin Wenchang, have almost all pledge their shares, including Lin Fu Chun's pledge of 101 million shares, Chen Liequan's pledge of 31 million 480 thousand shares, Wen Zhou Industrial pledge 54 million 830 thousand shares, Lin Wenzhizhi's 38 million 30 thousand shares and Lin Wenchang's pledge 35 million 720 thousand shares, accounting for 35.83% of the company's share capital.

The bird and the nine shepherd have also done a number of equity pledge.

After the pledge of 45 million shares of Bank of China in July 28th, Lin Congying, the actual controller of the nine Mu Wang, had accumulated 249 million shares, and 80.83% of them had been pledged out of the shares owned by the listed company, accounting for 43.43% of the total shares of the company.

Its shareholders shun trade investment, Chi cube, platinum sharp investment also has equity pledge action.

The stock market crash also made many companies' stock prices close to the warning line that they were required to make up or even throw shares.

Take the king of nine herd as an example, its actual controller Lin Congying Pledged Shares in June 9th this year, when the stock price was 32.45 yuan, and the current stock price is 15.5 yuan. If it can not stop, it is not impossible to touch the warning line.