Nine Years Old Men's Faucet Wang Made 1 Hundred Million Small Profits.

The local business casual men's clothing brand enterprise -- nine Mu Wang Limited by Share Ltd (hereinafter referred to as "nine herding king") issued a notice on March 1st, saying that from February 21, 2019 to February 28th, nine Sheng Investment accumulated 9 million 17 thousand and 800 shares of financial and securities stock, and the total transaction amount was 92 million 755 thousand and 800 yuan, accounting for 1.74% of the net assets attributable to shareholders of Listed Companies in December 31, 2017. After deducting costs and related taxes and fees, the net income of investment reached 59 million 857 thousand and 100 yuan, accounting for 12.12% of the company's net profit attributable to shareholders of Listed Companies in 2017.


Reporters noted that the announcement of the disposal of financial assets by the nine Mu Wang in February 21st announced that in January 25, 2019 -2 20, the nine Sheng invested a total of 11 million 628 thousand and 200 shares of CAITONG securities, with a total turnover of 89 million 576 thousand and 300 yuan, accounting for 1.68% of the net assets attributable to the shares of Listed Companies in December 31, 2017. After deducting the cost and related taxes and fees, the net income of investment reached 49 million 888 thousand and 100 yuan, accounting for 10.13% of the company's 2017 annual audit attributable to shareholders of listed companies.


In October 15, 2018, Sang Sang shareholders' meeting Sang Sang, the company passed the "bill on authorized disposal of financial assets", authorized the wholly-owned subsidiary to invest nine yuan to choose the right amount to deal with the Treasury Securities shares held by them.


Previously reported, in December 2014, nine Sheng Investment to 2.98 yuan / share price subscription of CAITONG securities 62 million shares, total investment of about 180 million yuan. In October 24, 2017, CAITONG securities's initial public offering of A shares was listed, and CAITONG securities was lifted in October 24, 2018. The closing price for March 1, 2019 was 10.85 yuan / share, which contributed a considerable investment income to the king of nine mu. In addition, it also invested 7.82% stake in Korea's clothes house, 4.55% equity in fast fashion fashion (with local fast fashion brand UR) and several industrial funds.


According to public information, the king of nine herd was founded in 1998 and started with the production of western trousers. With its unique production technology and abundant samples of human body data, the design is appropriate and the products fit well. It has become the leader of China's men's trousers Market since 2000. Since 2000, it has ranked first in the domestic men's trousers Market for eighteen consecutive years. Since 2000, the company has implemented the first strategic transformation, from single trousers production enterprises to comprehensive business casual wear areas, with increasing categories. At present, the company has covered many kinds of costumes, shirts, T-Shirts, suits and so on.


The main brands of nine Mu Wang are divided into three major platforms: the Seiko quality platform based on nine herdmen and VIGANO brand, the fashion quality platform dominated by NASTYPALM and ZIOZIA brand, the personalized trend platform based on FUN brand, while the company carries on investment, brand building and development in the direction of these three brand platforms, and invests in new business, new technology and new mode for fashion industry, helping to develop the main garment industry.


According to the financial report, in the three quarter of 2018, 9 Mu Wang realized business income of 1 billion 921 million yuan, an increase of 7.74% over the previous year, net profit of 350 million yuan, an increase of 1.86% over the previous year, and a net profit of 322 million yuan, down 2.58% from the same period last year, EPS0.61 yuan.


Quarterly view shows that the single quarter income in the first quarter of 2017 to the three quarter of 2018 increased by 13.60%, 19.08%, 15.21%, 7.29%, 12.47%, 8.16% and 2.53% respectively. The net profit attributable to the parent company increased by 23.92%, -5.78%, 3.36%, 36.74%, 36.74%, 36.74% and -26.86% respectively. Since the two quarter of 2018, the growth rate of single quarter has slowed down, mainly due to the impact of industrial retail diversion on the company's sales. Q3 net profit has declined, mainly due to the decline in gross margin and the rising cost rate.


From the perspective of channel quantity, by the end of 9 in 2018, the number of stores in 9 Mu Wang had reached 2717, an increase of 3.19% from the beginning of 2018 and a net increase of 84. If the ZIOZIA brand was deducted, the total number of channels decreased by 30 compared with the beginning of the year.


According to sub brands, the total number of main brands of the nine herd kings was 2385, representing a decrease of 3.13% compared with the beginning of the year, which has been rebounded from 2370 at the end of 6. Among them, 685 outlets and 1700 franchisees are at the end of the month. The number of brand channels for FUN, J1 (now changing to NASTYPALM brand) is 174, 31, and FUN continues to expand; the new high-end brand new brand opened in 2017, 6 new outlets in the VIGANO, and 13 stores in the current; ZZ brand 18.6.30 is also listed.


According to the types of channels, there are 876 stores and 1841 franchises in all brands. If the ZZ brand is excluded, there are 794 Direct stores and 1809 franchised stores.


Everbright Securities analyst Li Jie said earlier that with the main brand of nine Mu Wang in recent years to adjust gradually in place, since 2015, the number of shops continued to decline, revenue from the fourth quarter of 2016 began to improve, to 2018 first quarter business income basically maintained double-digit growth, since the two quarter of 2018, the single quarter revenue growth slowed to a single digit, continued to shrink under the background of continued growth in revenue, showing that the channel continues to optimize, single store efficiency continues to improve. At the end of 18, the number of stores in late has been rising compared with the low end of 6, the channel adjustment has been decreasing, and the number of stores is expected to rise steadily. The extension will bring some help to the growth of revenue. The small brand FUN has entered a period of rapid expansion, and the brand contribution of NP, VIGANO and ZZ has expanded.


Data show that as of the three quarter of 2018, nine Mu Wang company accounted for 382 million yuan of disposable cash, 2 billion 14 million yuan for sale of financial assets, and stable operating cash flow. Nine Mu Wang proposed a shareholder return plan for 2017-2019 years. The annual dividend payout ratio is no less than 70% of the distributive profit during the commitment period.