An Zheng Fashion Intends To Use Surplus Funds For Daily Production And Operation Of The Company.

According to the world clothing shoes and hats net, in the evening of January 18th, brand Fashion enterprises -- Safety fashion Group Limited by Share Ltd (hereinafter referred to as "positive fashion") issued a notice that the first provisional shareholders' meeting held in Haining, Zhejiang in 2018, the company passed several bills including the motion on the part of the investment and investment projects and the permanent supplementary fund to raise funds.

The announcement shows that the information system construction project of the fund-raising investment project of an Zheng fashion initial public offering has been put into effect. In order to maximize the use efficiency of the raised funds and raise the efficiency of the raising funds, Zheng fashion intends to permanently replenish the working capital of the project's savings fund 6 million 839 thousand and 200 and the financial income and interest generated by the project, which will be used for the daily production and operation of the company.

Public information shows that the fashion is mainly engaged in research and development, production and sales of garments. The company's products mainly include women's clothing such as tops, skirts, coats, trousers and so on. Suit Trousers, shirts and other men's fashion. Through the gradient brand portfolio, caters to the consumption needs of different age, gender and income groups.

Reporters learned that the financing of an Zheng fashion listing was 1 billion 200 million yuan. After deducting the 81 million 191 thousand and 700 yuan issuance cost, the net investment was invested in such projects as "supply chain center renovation and expansion", "marketing network construction", "R & D center construction", "information system construction" and "supplementary working capital and other main business related working capital". The positive fashion listing not only helps to support long-term development strategy with diversified financing means, but also helps to improve short-term asset liability structure and reduce financial cost pressure.

Lei Yu, an analyst with Changjiang Securities, believes that the location of investment funds is expected to significantly reduce the pressure on short-term financial costs and increase the positive performance of the company. According to the financial report, the net interest income of Zheng fashion is 3 million 30 thousand and 700 yuan in the first half of 2017, corresponding to the net income of 2015 and 2016 respectively -439.92 million yuan and -461.27 million yuan. Taking into account that the total financial products of the Chinese newspaper company as of 2017 amounted to 1 billion 78 million yuan, a rough estimate of 5% net income and 6 month holding period is expected to increase the investment income by 26 million 950 thousand yuan. The increase of investment income and the superposition of financial expenses are expected to be thickened. The performance of 2017 is over 30 million yuan. Sufficient cash and diversified financing channels provide support for the medium and long term strategic expansion of the company.

In addition, as of the 2017 China Daily, the balance of the money is 276 million yuan, considering the total amount of financial products with cash assets of 1 billion 354 million yuan. In addition, benefiting from franchising based retail channel business mode, robust business cash flow also provides support for extension development.

Lei Yu said that since its listing, anzheng fashion has successively awarded 49 million of Innovative Marketing Inc's 4.9% stake in Chuang Chuang culture and has increased its investment to Hongkong subsidiary anno group by HK $43 million 750 thousand to support overseas investment development needs. We are committed to building a fashion brand group based on multi brand matrix. Sufficient cash on account, stable operating cash flow and diversified financing channels provide strong support for subsequent extension development.

According to the financial report, the revenue of 2016 is 1 billion 206 million yuan, the compound growth rate of five years is 7.82%, the net profit to mother is 236 million yuan, and the compound growth rate of five years is 2.15%. After the listing of the company in 2017, with the recovery of the industry and the adjustment of the company itself, the revenue and net profit of the parent company recovered faster. As of the three quarter of 2017, the company's revenue reached 996 million yuan, an increase of 20.21% over the same period last year, and the net profit attributable to the parent company amounted to 205 million yuan, up 18.72% over the same period last year.

More wonderful reports, please pay attention to the world clothing shoes and hats net.