Sales Of Wolves Increased By 11.05% In The Clothing Market.

Last year, the clothing market in China was stagnant, but the first quarter turnover of the seven wolves increased by 11.05%, operating income was 708 million 500 thousand yuan, and net profit was 64 million 380 thousand and 500 yuan, a decrease of 5.18% compared to the same period last year.

The report says seven wolves are expected to be listed in 1-6.

The net profit change range in the East ranges from 89 million 200 thousand and 900 yuan to 111 million 500 thousand yuan. The reason for this change is that the order will be reduced this year.

In addition, the report showed that the seven wolves held the twenty-sixth meeting of the Fifth Board of directors in February 2nd and 24th and the first provisional shareholders' meeting in 2016.

Based on the irrational fluctuations in the recent capital market, in order to safeguard the interests of the majority shareholders and enhance investor confidence and improve the long-term incentive mechanism of the company, the seven wolves will buy shares of the company at a price not exceeding 12 yuan per share, and the total amount of the repurchase will not exceed 300 million yuan. It will be used to write off the company's registered capital, share award plan, employee stock ownership plan or equity incentive plan, and specifically authorize the board of directors to decide on the basis of relevant laws and regulations.

As of the date of the report, seven wolves have not yet been carried out.

Purchase will be based on the authorization of shareholders' meeting and board of directors, and buy back decisions and implement them in the period of repurchase according to market conditions.

Men's brand seven wolves (9.87, 0, 0%) (affiliated to Fujian seven wolf industrial Limited by Share Ltd, 002029.SZ) recently released 2015 annual performance report, net profit of 273 million yuan, down 5.53% compared to the same period last year, this is also its net profit from the peak of 561 million in 2012, third times performance decline.

Use underwear to save weakness.

In the past three years, seven wolves men's clothing earnings report, there is such a saying: affected by external environment, the traditional men's clothing industry boom continued to decline.

After the peak of net profit reached 561 million in 2012, the seven wolves began to go downhill.

Net profit in 2013 was 379 million yuan, down 32.44% from the same period last year. This is the first time that the company has declined since its listing.

In 2014, net profit was 289 million yuan, down 23.84% compared with the same period last year.

In 2015, seven wolves realized net profit of 273 million yuan, down 5.43% compared to the same period last year.

Seven wolves said, in 2015, the company is still in the process of restructuring and pformation of wholesale mode, in the consumer demand has not yet been obvious recovery environment, clothing consumption has basically continued the weakness of last year, the original business income and profits were affected.

In 2015, the operating income of sweaters, suits, trousers, shirts and coats decreased by 17.49%, 23.68%, 4.58%, 18.91% and 23.35% compared with 2014, and only T-shirts increased by 2.7%.

In the seven wolves operating income table, other categories of business income of 622 million yuan, accounting for 25.01% of the proportion of operating revenue, an increase of 119.5% over the same period.

The main reason is the expansion of the textile business during the reporting period. Its products are mainly underwear, underwear and socks.

In addition, the 18 controlling members of the seven wolves

The company lost 10 operating profits in 2015.

Take Shanghai seven wolf Industrial Co., Ltd., Qingdao seven wolf wolf clothing marketing Co., Ltd., Wuhan seven wolf wolf clothing marketing Co., Ltd., Anhui seven wolf wolf Clothing Co., Ltd. and Beijing seven wolf wolf clothing marketing Co., Ltd., for example, they lost 5 million 50 thousand, 1 million 990 thousand, 2 million 910 thousand, 1 million 230 thousand and 1 million 950 thousand respectively last year.

Shen Meng, executive director of Xiang song capital, said that the seven wolves were in the traditional economic downturn.

The main business performance is very poor, for the seven wolves, the listed company may sell the shell, just like the creation of Da Yang (37.060, 0, 0%).

Its manufacturing sector lacks high added value, and we need to strengthen R & D and enhance the competitiveness of our products.