Men'S Faucets And Wedding Birds Will Peel Off P2P Net Loan Business, With Revenue Of 3 Billion 115 Million Yuan In 2018.

The local top quality men's wear brand, Zhejiang wedding bird clothing Limited by Share Ltd (hereinafter referred to as "good bird"), the local high-end high-end men's clothing brand -- Zhejiang wedding bird adornment Limited by Share Ltd (hereinafter referred to as "good bird"), during the reporting period, the company achieved operating income of 3 billion 115 million yuan, an increase of 19.76% over the same period, the total profit of 130 million yuan, an increase of 255.93% over the same period; the net profit attributable to shareholders of listed companies was 52 million 454 thousand and 300 yuan, an increase of 102.30% over the same period; the basic earnings per share of 0.04 yuan.

The main reason for the growth of the company's performance is: to promote sales growth during the reporting period, the company continues to increase market development and market maintenance, increase the brand outlets, increase the affiliate buyout system (delivery is to confirm revenue, and allow a certain proportion of returns to be replaced). The proportion of cooperative mode is reported, and the sales growth of brands such as the wedding bird, HAZZYS (Haggis), and Kay Mitchell, etc., and the increase in labor cost and terminal cost input; secondly, the company's government subsidies increase over the same period last year, and the donation of non operating expenses decreases; third, the provision for impairment of assets is made; fourth, the termination of the implementation of the restricted stock incentive plan in 2017 leads to the accelerated confirmation of the related share payment costs during the reporting period.

At the end of the reporting period, the total assets of the birds were 4 billion 184 million yuan, down 1.69% compared to the same period last year. The owners' equity of the shareholders belonging to the listed company was 2 billion 724 million yuan, up 10.48% compared to the same period last year, and the share capital was 1 billion 258 million yuan, down 0.40% compared to the same period last year.

In addition, the birds announced today evening that in view of the changing situation of the Internet financial industry, the industry regulatory policy is not yet clear, and the industry is facing great uncertainty in supervision. The board of directors decided to divest the P2P business, concentrate on the superior resources and continue to implement the development strategy of "one principal and one pair", so as to enhance the company's sustainable profitability. The company's wholly-owned subsidiary, happy bird venture, intends to sign the "equity pfer agreement" with Mr. Zhou Xinzhong, chairman of the company.

It is planned to pfer 10% stake in Mr. Zhou Xinzhong to small fish and gold clothing for RMB 10 million yuan. After the completion of the pfer, the company will no longer hold a small fish gold suit.

Xiaoling fish financial information service (Shanghai) Co., Ltd. was established in July 9, 2015, the main business: responsible for the operation and management of the Internet financial platform palm pool and pocket money management. Up to now, the palm treasure project has ceased operation.

The news bird said that because of the frequent thunderstorm in the Internet financial industry, investors' confidence in the market has weakened, and the volume of Internet financial industry has dropped significantly. The pocket financing and palm stock treasure, which are mainly based on P2P net loan, have been adversely affected. The competitive advantage has gradually weakened, and its continuous profitability has been affected, and it faces greater business risks.

In view of this, the company takes into account the industry situation and the operation status of small fish and gold clothing. The pfer of small fish gold service shares and the stripping of risky P2P business will help to reduce the company's operational risk and ensure the sustainable operation of the company. According to the financial statements provided by the small fish gold clothing, the operating income of small fish gold clothing in 2018 decreased by 49.62% compared with the same period last year, and net profit decreased by 65.21% compared with the same period last year.

The specific circumstances are as follows:

Public information shows that the wedding bird was founded in 2001, and was listed on the small and medium-sized board in August 2007. It is the second brand clothing listed company of A shares, mainly engaged in the design, production and sale of the men's clothing products, such as the wedding bird brand, suits and shirts.

The company adheres to the development route of high-end boutique men's clothing, and actively implements the development of multi brands. At present, the operation brands include wedding birds, HAZZYS (Haggis), Kay Mitch, Lafuma (Le Feiye), Don Bollini, Yun Yi intelligence, and Bao birds, etc. the products can meet the clothing demands of different classes of the middle class.

According to the insiders, the growth of the income side of the news birds is mainly due to the increase in the number of brand outlets and the cooperation mode of the European Union buying and selling system. According to the results, as of the end of June 2018, the number of the total number of bird shops was 1488, compared with the 10 stores opened at the end of 2017, and the number of stores in the first half of the year was limited to a small net open shop. However, the net expansion in the end of 2017 was 17%.

Under the franchisee buyout system, the consignment recognizes revenue and allows a certain proportion to be returned.

The main brand and HAZZYS maintained good growth.

According to sub brands, in the first half of 2018, 592 million yuan, 408 million yuan and 197 million yuan were realized respectively in the main brands, HAZZYS and Bao bird occupation clothing, an increase of 23% over the same period, an increase of 42.6%, a decline of 8.1%, and 43%, 30%, 14% of the total income of the contribution group.

Among them, the main brand is concerned about the expansion of the outlets, compared with 2 stores at the end of 2017, but the average area of the stores increased by 8.2%.

Guo Haiyan, an analyst at CICC, thinks that since 2018, the boom of high-end business men's clothing is still not good, and the wedding birds are still in the channel adjustment period. However, the resumption of net shops and cold winter impacts will be favorable. Meanwhile, the growth rate of the same store will be improved.

Judging from the observation, the most difficult time of traditional men's clothing industry has passed, and the brand clothing company's revenue growth and profitability are expected to be improved.