The Performance Of The Seven Wolves Decreased In The First Half Of 2016 Compared With The Same Period Last Year.

The first quarter results released in 2016 showed that the net profit of the company in the first quarter of 2016 was 64 million yuan, down 5.18% compared with the same period last year, due to the reduction of orders.

Performance report shows that in the first quarter of 2016, seven wolves achieved operating income of 709 million yuan, an increase of 11.05% over the same period last year.

But seven wolf said that the company's net profit will continue to decline in the first half of this year. It is estimated that the net profit in 2016 1-6 months will be 89 million 200 thousand -1.15 billion yuan, down 20%-0 compared with the same period last year.

Seven wolves explained that the company was in 2016.

The number of orders received was reduced, so the first half of 2016 was lower than that of the same period last year.

Since 2013, the performance of the seven wolves has been declining and closing continuously.

According to market information, in the first half of 2014, the seven wolves had 3155 terminal stores; in the first half of 2015, there were 2636 terminal stores, representing a decrease of 519 over the previous year.

According to the results of the report, the revenues and net profits of the seven wolves fell by 20.23% and 32.44% respectively in 2013. In 2014, the revenues and net profits of the seven wolves decreased by 13.79% and 23.84% respectively. In 2015, the seven wolves increased their operating income by 2 billion 460 million yuan, up 3.02% over the same period last year, but the net profit was only 270 million yuan, and continued to decrease by 5.63%.

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The downturn in the retail industry and the continuous pformation and reform of the company are important reasons for the decline in performance of the seven wolves over the past three years.

Seven wolf said that the main reason for revenue growth in 2015 was the company's new needle spinning business, but the low gross margin of needle spinning business had little impact on the net profit and total profit during the reporting period.

At the same time, the adjustment process of seven wolves to wholesale mode pformation and reform has led to the income and profit of the original business.

The main industry continued to slump and decline in performance so that men's brand seven wolves continue to get involved in new areas, began to adjust strategy, from a traditional men's clothing enterprises to "industry + investment" business, and with its own funds 315 million yuan to participate in the establishment of the establishment of the Shenzhen Qianhai Efficient Finance Holding Ltd, set foot in the financial field.