Closing Shop Surging Bird Shop Two Years Shop 431 Cross-Border Failures Half Year Net Profit Plunged 70%

Recently,

Limited by Share Ltd (603555, hereinafter referred to as "noble bird") released the first half of 2018 earnings report, the results showed that in the first half of this year, the birds earned 1 billion 536 million yuan, down 2.67% compared to the same period last year. Net income attributable to net income reached 34 million 420 thousand yuan, down 73.51% compared with the same period last year. The net income from non profits was 30 million yuan, down 71.57% from the same period last year.

In September 12th, the Yangtze daily news reporter sent an interview letter to the birds of the future layout, and no reply was received as of press release.

In addition, in recent two years, the poor birds have ushered in "closing shop tides".

In 2017,

There are 503 new retail outlets, closing 879 retail terminals and closing 376 homes, equivalent to closing a store in less than a day.

In the first quarter of 2018, 78 new retail outlets were opened and 133 retail outlets were closed.

Weak performance, net profit fell 74%

Recently, the precious birds released their first half performance in 2018. The report shows that in the first half of the year, the birds earned 1 billion 536 million yuan in revenue, down 2.67% from the same period last year. Net income attributable to net income reached 34 million 420 thousand yuan, down 73.51% compared to the same period last year. Net income from non net profit was 30 million yuan, down 71.57% from the same period last year.

In fact, the net profit of the precious birds began to slide from 2016 to this year.

The slide has widened again.

In the middle of 2016, net profit fell by 9.9% to 157 million yuan, and net profit fell 1.12% to 157 million 400 thousand yuan. In the mid 2017 financial report, there was a double-digit decline in net profit and net profit fell 17.26% to 129 million 900 thousand yuan, and net profit fell 32.5% to 106 million 300 thousand yuan.

Cheng Weixiong, general manager of Shanghai Liang Qi Brand Management Co., Ltd. is accepting

The interview with reporters said: "the double decline of revenue and net profit is a normal performance. After the listing of the expensive bird, the normal investment and pformation and upgrading of the main business are neglected. Instead, it attaches importance to the capitalization operation of the pan sports industry which is not enough professional competence. Besides, a large number of non main industry capitalization operations are not very helpful from the time, timing, output and the differentiation of the main industry."

On average, close a store every day.

In fact, the narrowing of pluralism has been an early move.

In early 2015, the company announced that the company became the second largest shareholder of tiger sports.

In 2016, you invest in Spanish football company, the US basketball equipment brand AND1 in the Greater China region, exclusive operation rights, under the holding line, retail channel, Jay's trip and famous shoe Library Network Technology Co., Ltd.

In 2016, you bought a 100% stake in fitness club brand "Welsh fitness".

After a series of mergers and acquisitions, the performance of the birds did not seem to have grown materially.

This kind of "capital flow" style of capital plays a heavier burden on enterprises.

The gearing ratio increased from 46.84% in 2014 to 65.96%.

At the same time, its controlling shareholder

The equity pledge ratio accounts for 96.93% of the shares held by the company, and its shares account for 76.22% of the total share capital.

In addition, in recent two years, the poor birds have ushered in "closing shop tides".

In 2017, there were 503 new retail outlets of the company, closing 879 retail outlets and closing 376 homes, equivalent to closing a store in less than a day.

In the first quarter of 2018, there were 78 new retail outlets and 133 retail outlets were closed.

In Cheng Weixiong's view, the diversity of the great bird is the integration of the p boundary Utopian omnipotent sports industry. "And stripping the bad business and gathering resources to return to the main business of the birds, there will be new opportunities."