Sha Sha Shares To The Subsidiary Lingsha Underwear Replenishment To Supplement Cash Flow

Lingsha shares increased capital subsidiary Lingsha underwear to expand production capacity.

The expansion of production capacity and the increase of capital are indispensable.

The output of the product.

In July 4th, Sichuan's Cmi Holdings Ltd (hereinafter referred to as "Sha Sha shares") and its wholly owned subsidiary, Zhejiang Lingsha Underwear Co., Ltd. (hereinafter referred to as "Lingsha underwear") signed an investment [capital increase] agreement.

Sha Sha shares will be paid 150 million yuan in cash to subscribe to Sha Sha.

All new capital contributions, of which 50 million yuan is paid in capital, and 100 million yuan as capital reserve.

After its profit slump in 2015, the shares of revolving stock began to turn from 2016. In 2016, the total revenue of the company reached 269 million 100 thousand yuan, up 31.14% from the same period last year; Maori run 50 million 460 thousand yuan; net profit attributable to 13 million 460 thousand yuan, an increase of 165.07% over the same period last year; in 2017, the share of the shares rose again, with a total revenue of 343 million 400 thousand yuan, up 27.63% compared to the same period last year, and the net profit attributable to 22 million 950 thousand yuan, up 70.55% over the same period last year.

Among them, 98.53% of the revenues of the company are from

1.47% of the manufacturing industry comes from others and supplements.

Announcements show that the total revenue of Lingsha lingerie in 2017 is 343 million 400 thousand yuan and net profit is 19 million 130 thousand yuan.

As of December 31, 2017, the total assets of Lingsha underwear were 501 million 460 thousand yuan, net assets of 309 million 610 thousand yuan, and asset liability ratio of 38.26%.

In order to support the development of Lingsha underwear production and further expand its production capacity, the agreement aims to support the cash flow of the subsidiary and revitalize the idle funds of the parent company.

It is reported that the stock was founded in 1996 and was listed in 1998. Now it owns many subsidiary companies such as Hongguang knitting, Li Fu textile, and real estate and so on, and two subsidiaries of Sichuan and Anhui.

Big brand manufacturers.