Herme Group From Profit To Large Loss Assets Trading As The Main Reason

From a profit to a substantial loss, it is less than three months to calculate, and Herme group's performance has been reduced by at least 210 million yuan, the highest of 280 million yuan.

What is the expected performance of more than 200 million yuan?

As expected, 002356.SZ announced its performance correction notice, which sharply lowered its performance expectations in the first half of the year.

According to the announcement, Herme group lost 150 million -1.8 billion yuan in the first half of 2018, and its earnings forecast before the revision was 0.60-1 billion yuan, compared with a profit of 85 million yuan in the same period last year.

From a profit to a substantial loss, it is less than three months to calculate, and Herme group's performance has been reduced by at least 210 million yuan, the highest of 280 million yuan.

What is the expected performance of more than 200 million yuan?

The announcement indicated that, on the one hand, the difficulty of raising funds and the cost of financing increased significantly, which affected the liquidity of the company's financial sector, commercial sector and high-end manufacturing sector, resulting in a slowdown in business and a net profit in the relevant sector.

On the other hand, the pfer of the 51% equity interest of the subsidiary company of Shenzhen Herme Intelligent Technology Co., Ltd. (hereinafter referred to as Herman Chi Chi) has not yet been completed, and the expected disposal proceeds are still realized.

In fact, the performance of Herme group has changed its face.

Over the past year, the company has made up to 20 assets trading, stripping traditional smart meters, diamond jewelry and financial services business, and spent nearly 1 billion 500 million yuan to acquire high-end consumer retail assets, mainly in the field of luxury agents.

However, as the sales are all profitable assets, most of the acquisitions are loss making businesses, and the performance of Herme group is deteriorating.

The profitability of the new main industry is not yet apparent.

In the fourth quarter of 2017, Herme group suffered a loss of 150 million yuan.

In the first quarter of 2018, there was a profit of 23 million 20 thousand and 400 yuan, which means that in the second quarter, the loss of Herme group rose to more than 170 million yuan in a single quarter.

The amount of capital needed for frequent acquisitions is large, and the asset liability ratio has also accelerated. From 38.58% in 2015 to 68.80% in 2017, the cost of financing rose correspondingly.

The specific liquidity of Herme group also needs to see the upcoming Chinese newspaper.

In addition, according to the previous announcement, it will sell about 51% of the shares of the company in about 280 million yuan.

If the selling hole is sold smoothly, the loss pit in the first half of the year will be filled or even slightly profitable, but the paction is not completed.

He Mae Chi branch mainly carries out offline micro finance loan consultation under the form of information consultation, holding or participating in a number of associated gold companies, that is, P2P related assets.

Recently, many companies in net loan P2P industry have been "Thunderstorm". P2P assets have become hot potatoes. Whether the change of procedures can be successfully completed in the second half of the year is uncertain.

In the past month, Herme group two.

The huge earthquake on the stock price has doubled from the waist to the highest, and the venture capital has been in and out many times, and the risk is gradually accumulating.