An Zheng Fashion Denies 200 Million Idle Funds To Subscribe Single Capital Trust

In order to enhance the overall performance of the company and create a higher return on investment for the shareholders of the company, we choose to subscribe single capital trust.

In order to improve the efficiency of the company's idle funds and make rational use of its own idle funds, the Limited by Share Ltd of the Lujiazui fashion group (Limited by Share Ltd) announced in June 8th that the company and the Lujiazui International Trust Co., Ltd. (hereinafter referred to as "the Hong Kong trust") today signed the "trust trust of the Taiwan trust 28 - single capital trust trust contract" with an investment amount of RMB 200 million yuan.

An Zheng fashion shows that the company's use of idle funds to subscribe single fund trusts is implemented on the premise of ensuring the normal operation of the company's business. It will not affect the company's business operations and increase the company's revenue, enhance the overall performance of the company, and seek a higher return on investment for the shareholders of the company.

In addition, an Zheng fashion also revealed that the company incorporated a wholly owned subsidiary of all fun Children's products (Shanghai) Co., Ltd. (hereinafter referred to as "all fun kids") in May 4th.

The unified code of social credit for children with full interest: 91310112MA1GC05W2C, registered capital of 100 million yuan, legal representative Tan CAI.

The children of full fun have completed the registration of industrial and commercial enterprises, and have not yet started operation. In May 16th, the company registered and established a controlling subsidiary, an Zheng children's articles (Shanghai) Co., Ltd. (hereinafter referred to as "an Zheng children").

The children's unified social credit Code: 91310112MA1GC0L02L, the registered capital is 50 million yuan, the legal representative is Zheng Anzheng, and the company holds 70% stake in an Zheng children.

An Zheng children products (Shanghai) Co., Ltd. has completed its business registration procedures and has not yet started operation.

An Zheng, an analyst with CITIC Securities, thinks that after many years of development and operation, an Zheng fashion has formed a multi brand matrix with different styles and tonality covered by men's and women's clothing as represented by Jiu Zi and An Zheng.

With the emergence of the consumption force of the "millennial generation", personalized consumption has gradually become the mainstream, and the company's future is expected to exist in many ways through self-cultivation and other ways.

On the basis of the category, we constantly enrich the new categories, such as children's wear, men's fashion brand, shoes, bags and accessories, and so on, forming a fashion industry group with luxury brands, high-end brands, high-end brands and mid end brands.

Financial report shows that in the first quarter of 2018,

The operating income was 391 million yuan, an increase of 26.84% over the same period of last year, and the brand of nine main brands reached 246 million yuan, an increase of 34.73% compared with the same period last year. The same store grew by 17%, compared with 1 stores to 690 stores in the beginning of the year, of which online sales accounted for about 4-5%, online sales increased by about 250%, and the number of fans on the electronic business platform reached 2 million (of which the Tmall flagship store members increased from 530 thousand to 850 thousand last year). The online and offline efforts were mainly due to the greater influence of Milan show on marketing promotion, and the increase in the amount of special contributions launched online and the rush sale to promote sales in peak season.

Gross profit margin fell 1.95pct to 66.9% compared with the same period last year, which is related to improving product cost performance, improving quality and not raising prices, as well as positive factors in inventory handling.

The sales revenue increased by 26 million 184 thousand and 600 yuan, an increase of 12.81% over the same period last year, and the gross profit margin increased by 6.83pct to 77.88%, and the net sales opened to 2 stores. The main reason is to optimize the store structure, which is mainly to optimize the store structure, and reduce the number of shops to the home market from the same period last year. The gross profit margin dropped to 17.44pct from the previous year, which was mainly related to the increase in sales caused by closing stores. The sales rate of the company was increased by a year earlier, and the gross profit margin decreased by 5.39pct to 6.83pct; the gross profit margin dropped by 20.61pct compared with the same period last year, and the gross profit margin dropped to 20.61pct from the same period. During the reporting period, Yin Mo realized revenue of 61 million 575 thousand and 700 yuan, an increase of 9.22% over the same period, the gross profit margin fell 1.32% to 76.74% compared to the same period last year, and the number of 3 outlets to stores was 93.

With the gradual adjustment of the new brand style, the gross profit margin is expected to gradually stabilize.

In the view of Shi Kun, the positive trend of the fashion is growing, and the channel adjustment has been completed. In 2018, the store started to accelerate and double digit growth was maintained. The extension of the brand continued to grow, the main brand continued to grow, the new brand grew gratifying, the stock ownership incentive, the manager system and the sub brand management shareholding plan came down one after another, and the large shareholders increased their confidence, and the performance growth certainty was highlighted.

It is estimated that in the next 2018-2019 years, the net profit of the parent company will be 367 million yuan and 471 million yuan respectively.