The First Quarter Revenue Of The Seven Wolves Is Not Ideal.

Recently, Fujian seven wolves industrial Limited by Share Ltd (hereinafter referred to as "seven wolves") released the first quarter report in 2016. During the reporting period, the seven wolves achieved operating income of 708 million 500 thousand yuan, an increase of 11.05% over the same period, and a net profit of 64 million 380 thousand and 500 yuan, representing a decrease of 5.18% over the same period.

According to the report, seven wolves predict that the net profit change attributable to shareholders of Listed Companies in the 1-6 months will range from 89 million 200 thousand and 900 yuan to 111 million 500 thousand yuan. The result is that the order will be reduced by orders 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 vast majority of 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 cancel the company's registered capital and share award plan.

The plan or equity incentive plan specifically authorizes 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 taken stock repurchase, and will take the opportunity to buy back the decision and implement it in accordance with the market situation in accordance with the market situation, according to the authorization of the shareholders' meeting and the board of directors.

Men's wear brand

(Fujian's seven wolves industrial Limited by Share Ltd, 002029.SZ) recently released its 2015 annual performance report, with a net profit of 273 million yuan, down 5.53% from the same period last year. This is also the third decline in its performance since its peak net profit reached 561 million in 2012.

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 that in 2015, the company was still in the wholesale mode.

In the process of adjustment and reform, in the environment of consumer demand has not yet recovered significantly, clothing consumption has basically continued the weakness of last year, and the income and profits of the original business have been 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 shareholding subsidiaries of the seven wolves have 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, told reporters that seven wolves were doing traditional clothing industry and the industry was in the economic downturn.

The main business is very poor. For seven wolves, a listed company may sell its shell, just like the creation of Da Yang (37.060, 0.00, 0%).

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