The Net Profit Of The Company Has Dropped For 5 Years, And Its Market Value Is Only 3 Billion, 10 Years And Zero Dividends.

As more and more companies listed on the textile and garment industry are getting better, the company has surrendered its worst report card in the past 10 years.

Its annual report released on the evening of 25 shows that in 2015, the company lost 20 million 680 thousand yuan, and net profit fell 11 times compared with the same period last year.

In fact, in order to cope with the decline in traditional business revenue, the company has been planning cross-border since last year.

However, it is not satisfactory from the current situation.

Net profit fell for 5 consecutive years, with a market value of only 3 billion.

As a company specializing in underwear in China, the group in 2006 was listed on the backdoor *ST, and the opening price was 14.36 yuan / share on the first day, closing at 68.16 yuan / share, or 849.30%.

Second years after listing, with the bull market, the company's share price surged to 85 yuan / share, and then entered a downward path. As of yesterday's closing, the cumulative decline was more than 30%.

With the share price falling all the way, the market value of the shares has also shrunk dramatically.

At the latest closing price, the company's total market capitalization was only 3 billion yuan, compared with two months ago.

It's only 2 billion yuan.

An industry analyst admitted that this is a shell for listed textile companies.

If the market value is not enough to explain the problem, then from the performance point of view, the situation in the past few years, also seems to let investors feel "cold".

In the evening of April 25th, the company announced its financial data in 2015. The annual report shows that the company achieved 205 million yuan of revenue last year, down 37.94% compared with the same period last year. The net profit attributable to shareholders of listed companies was -2068 million, down 1155.97% from the same period last year.

China net financial reporter has made statistics on the listed companies that have released annual reports in the industry. The whole garment home textile industry actually recovered in 2015, its average revenue grew by 6.42%, and the average profit growth rate reached 7.28%.

Statistics show that this is the fifth consecutive year's performance decline of the company, the net profit of -2014 in 2011 dropped by 19.95%, 70.11%, 21.16% and 76.03% respectively.

However, the company's loss is the first time since its listing.

Last year, the 2 cross-border mergers and acquisitions failed, or aimed at film and television media.

For the declining performance of the company, the company believes that it is mainly affected by the downward pressure of the economy and the external environment such as the disorderly competition in the underwear market and the weakness of consumption.

In the severe form of operation, the company has been seeking pformation since 2015, but the two suspension has ended in failure.

In May 6, 2015, the company decided to suspend its business on the grounds that it was planning major issues, but in May 20th, it applied for a resumption of licensing for the planned acquisition of the underlying assets. In May 29th, the company suspended its shares again, and the reason was still planning major issues. The planned suspension date to September 30th. During the announcement, the company announced that it was planning to issue additional fundraising funds to buy the new 50 thousand year high performance packaging film new material of the Zhejiang blue film company, which is affiliated with the Latin American holdings group.

But in August 25th, the shares announced that this non-public offering was aborted.

The two failed restructuring of the company has been blamed by investors for possible hype. However, this has not dispelled the idea of cross-border pformation.

In December 2015, the company announced the strategic investment of Hangzhou angel fund, 1 million yuan.

Cultural industry pformation.

When investors consulted whether the preferred direction is film and television media, the company's answer is "consideration in this regard".

However, what puzzles investors is why the group does not pour the most valuable socks into listed companies.

Facing the constant questioning of investors, Weng Rongjin, the chairman of the wave group, responded only to a sentence "this will depend on the development of the market."

Listing 10 years, "one hair, no money", "money" is very positive.

In the newly released annual report, the company said that no cash dividends or provident fund would be added to the stock market, but this did not cause much disappointment to investors. Since the 2007 backdoor listing, the company has never made any cash dividend, nor has it increased or sent shares.

Unlike listed companies who have been "tight" and "miserly" for many years, "Sha Yuan" is very active.

Data show that the company launched two private placements in 2007 and 2009, raising 309 million yuan in total.