Since 2018, What Clothing Companies Have Listed On The New Third Board?

In line with the A share IPO market, since 2018, the number of apparel companies listed on the new third board has been 6, relative to the number of listing in 2017.

Now let's see what clothing companies choose to land in the new three board market during this period.

Three Yuan Yi You (infant clothing brand business)

In March 13, 2019, the three Yuan Yi you dress Limited by Share Ltd was listed on the new third board.

The company was founded in 2004, the legal person Cheng Jianzhong, in May 31, 2004, the company's predecessor Dongguan three Yuan Yi You clothing Limited company was established, in June 2018, the limited company whole changed to the stock company, the company name changed from the three yuan Dongguan Yi You clothing Limited company to three yuan Yuyi dress Limited by Share Ltd.

The company is located in the first industrial area of nine Gate Village, Humen Town, Dongguan. Its main business is the design, production, supply chain management, brand operation and product sales of 0-5 year old infant clothing and daily necessities.

The company has four brands: "San Bao Du Lun", "Miki Bi Di", "Carter Baer" and "Tiancheng Zi". Apart from Tiancheng's focus on infant and daily necessities, the other three brands are based on infant clothing products. The main products of the company are San Po Du Lun and three Mu Bi Di, among which St. Bao Du Lun price is located in the middle and high-end line, and product development is committed to meet the needs of the high level consumer groups.

As of June 30, 2018, there were 103 direct outlets and 380 distributors.

Statistics show that three yuan Yuyou 2016, 2017 and 1-6 months in 2018, respectively, operating income of 154 million yuan, 168 million yuan, 76 million yuan, net profit were 15 million 815 thousand and 500 yuan, 18 million 25 thousand and 900 yuan, 1 million 670 thousand and 900 yuan.

The sales area of the company mainly concentrated in Southern China, East China, southwest and central China. In 2016, 2017 and 1-6 months in 2018, the sales revenue of Southern China, East China, southwest and central China accounted for 75.44%, 77.60% and 79.52% of the total sales revenue respectively.

Ke Baodi (mink garment ODM producer)

In December 12, 2018, the Guangdong kbaodi industrial Limited by Share Ltd listed three new boards.

Data introduction, Ke Baodi is a national high-tech enterprise specializing in the design, production and sale of high-end mink garments, accessories and leather bags.

The company mainly adopts ODM mode to provide high-end marten clothing, accessories and leather bags for customers.

The operating income of the company in 2016, 2017, and 1-4 2018 is 75 million 5 thousand and 500 yuan, 63 million 82 thousand and 400 yuan and 28 million 543 thousand and 500 yuan respectively, with net profit of 1 million 431 thousand and 100 yuan, 4 million 114 thousand yuan and 162 thousand and 300 yuan respectively.

The main products of the company are mink garments, accessories and leather suitcases. Among them, mink garments and accessories are the main products. In 2018 1-4, 2017 and 2016, the proportion of operating income of the company's mink garments and accessories products accounted for 79.56%, 89.96% and 78.02% respectively.

Ke Bao Di said that since its inception, the company is committed to the design, production and sale of high-end mink garments and leather bags. It is a ODM producer of mink garments and leather bags in Guangdong. It is a regional small and medium sized enterprise with good prospects in mink clothing and leather bags.

But the sales mode of the company is mainly direct selling. Now the company's mink garment business is 90% from the sales of Dongguan Xujun import and export trade Co., Ltd. and Dongguan Xuxin Trade Co., Ltd.

The company has registered its own brand "Ke Bao Di". Its main products are leather bags. Because the brand is established for a relatively short time, and now the company mainly takes ODM business as the main force, the promotion efforts of the company to its own brand are relatively small, resulting in low influence of its own brand, and the company will increase its investment in its own brand products.

Future Ltd plans to take advantage of the power of capital market to invest in the upstream and downstream industry chain that has certain development potential and is in line with the company's industrial development.

North Land (outdoor products brand)

In July 16, 2018, the new three boards of Jiangxi north land clothing Limited by Share Ltd were listed.

The company was founded in 2013, the legal person Zhong Rongfu, in March 15, 2013, the company predecessor Xiang Xin dress (Ganzhou) Limited company was founded.

In October 16, 2017, the whole company was changed to Jiangxi North clothing Limited by Share Ltd.

The company is located in the Yudu Europe Industrial Park in Ganzhou, Jiangxi. Its main business is the design, production and sale of the independent brand outdoor leisure clothing, the design, production and sale of the customized clothing, and the production, marketing and export business of the brand clothing OEM.

The company's products are mainly located in "outdoor clothing for casual travel", serving urban white-collar workers who have outdoor travel and outdoor leisure needs. The independent brand "North Lu HOKURIKU" outdoor clothing products mainly include assault clothing, fleece underwear, down garments, T-Shirts, skin clothes, fast drying clothes and so on.

The company has a certain market share in the Northeast market and school uniforms, enterprises and institutions.

The company has set up new outlets in the Northeast in the second half of 2017. In 2018, the company continued to consolidate the Northeast market and was committed to brand promotion in the Northeast market, the company said.

Statistics show that the revenues in 2016 and 2017 were 19 million 902 thousand and 700 yuan and 14 million 802 thousand and 100 yuan respectively, and the net profit to the parent company was 1 million 670 thousand and 500 yuan and 1 million 79 thousand and 500 yuan respectively.

The company's semi annual report in 2018 showed that the company achieved sales revenue of 7 million 450 thousand and 300 yuan in the first half of 2018, an increase of 9.08% over the same period last year, and the relative stable growth of customer orders during the reporting period. The company suffered a loss in the first half of 2018, with a net profit of -20.16 million, down 137.98% compared with the same period last year. The main reason is that the company has paid a large amount of agency fees for the new three boards, and two has significantly increased sales costs, resulting in a larger net profit than the same period.

Saint van Ni (Menswear brand)

In June 22, 2018, Shandong San van Ni dress Limited by Share Ltd launched the new third board.

Statistics show that the company was founded in 1999, the legal person Wang Jingwu, in April 20, 1999, the company's predecessor, "Ji'nan Tongxu economic and Trade Co., Ltd." set up.

In February 27, 2017, the whole company was changed to "Shandong Saint van Ni dress Limited by Share Ltd".

The company's main business is its own brand, Saint von Ni and Bernardino 1945. It is located in the research and design, brand promotion and sales of high-end business men's casual wear. It is mainly for 25 to 55 years old, with a certain economic ability and quality of life of business fashion crowd.

Statistics show that in 2015, 2016 and 1-10 months in 2017, the operating income of San van Ni was 48 million 728 thousand and 100 yuan, 46 million 532 thousand and 500 yuan and 28 million 251 thousand and 800 yuan respectively. The net profit corresponding to the current period was 1 million 129 thousand and 900 yuan, 940 thousand and 400 yuan and -117.96 million yuan respectively.

San van Ni said that the company intends to launch the new three boards after the use of equity financing, mergers and acquisitions and other means, the introduction of strategic investors, relying on Beijing and Shenzhen's wholly-owned subsidiary in the country to set up stores, the total sales volume is expected to achieve annual growth of about 30%, by 2020 to achieve the National Mall Stores 260 outlets.

San Vanni 2018 semi annual report shows that in the first half of 2018, the company achieved operating income of 19 million 521 thousand and 800 yuan, down 6.98% compared with the same period last year. Net profit attributable to listed company shareholders was 1 million 597 thousand and 600 yuan, down 891 thousand and 300 yuan compared with the same period last year.

Saint van Ni said that the company's sales decline is mainly in the current economic situation, the existing stores have been optimized, closed some of the low profitability of the shops, and focus on supporting the development of profitable, single store level high level shops.

The decrease in corporate net profit is mainly due to the increase in the company's remuneration and social security expenditure. In addition, the company paid a larger amount of intermediary fees in the process of landing the new three boards, which is also an important reason for the company's net profit reduction.

Odison (mother and baby home textiles retailer)

In February 7, 2018, Zibo's Limited by Share Ltd was listed on the new board.

The company was formerly founded in February 13, 2003, Zibo Australia disson household textiles Co., Ltd., in August 18, 2017, the overall restructuring of the company changed to Limited by Share Ltd, renamed the Zibo Australia dissson mother and baby supplies Limited by Share Ltd.

Statistics show that the main business of the company is the production and sale of mother and baby household textiles and other towel and quilt products.

The products of the company are mainly divided into three categories: the first category is household products such as bath towels, bathrobes, and so on. The second category is towel household textiles, including towel, scarves, scarves, sports towels and other household textile products. The third category is other household textile products, including quilts, sleeping bags, bib, urinary pad, diapers and other products.

The company said that the company's products are mainly exported, and in recent years, the proportion of domestic sales has gradually increased.

The company sells direct sales and combines traditional marketing with e-commerce.

The company has been supplying WAL-MART for more than ten years, and has established cooperative relations with many international brands, forming the three largest markets in the US, Europe and Oceania.

According to the announcement, the business revenue of Australia was 180 million yuan in 2017, an increase of 0.27% over the same period last year, resulting in a net profit of 1 million 582 thousand and 700 yuan, an increase of 6.71% over the same period last year.

In the first half of 2018, the company achieved operating income of 75 million 29 thousand and 700 yuan, a decrease of 17.83% compared to the same period last year. The main reason for the decrease in revenue was the decrease in export sales. The net profit was 121 thousand and 400 yuan, a decrease of 82.84% compared with the same period last year. The main reason is that the new subsidiary of the company is in the early stage of loss.

In March 2018, the company set up a subsidiary in Guangzhou, Guangzhou Bao Shu Baby Clothing Co., Ltd.

Outdoor outdoor (outdoor Electronics)

In March 2, 2018, the Hangzhou third intention outdoor products Tsukito design Inc was listed on the new third board.

Founded in 2009, the company Xiao Hongbo, formerly known as the Hangzhou sporting goods Co., Ltd., founded in December 10, 2009, in November 25, 2013, renamed Hangzhou Mei Yi outdoor products Co., Ltd.

In March 2015, it was renamed Hangzhou Mei Yi Yi outdoor products design Co., Ltd.

In September 6, 2017, it was changed to Hangzhou first intention outdoor products Tsukito design Inc.

Information is introduced, the company is an outdoor product e-commerce business, mainly engaged in outdoor products design, production and sales business.

The top five customers of the company are all electronic business platforms. Most of their products are sold on the Internet, with annual sales of around 90 million.

The first intention outdoor 2017 annual report said, the company entity is affected by the electricity supplier flow is still in a downward channel, the company reduced the entity's input, resulting in the decline of the entity's performance, resulting in the company's overall performance in 2017 has declined. In 2017, the company achieved operating income of 84 million 514 thousand and 400 yuan, a decrease of 8.74% compared with the same period last year. The net profit loss attributable to the shareholders of the company was 7 million 276 thousand and 700 yuan, a decrease of 162.89% compared to the same period last year.

The company said that the main reason for the loss is that the company deepened the construction of the electricity supplier channel, increased investment in the early stage of the operation of the electricity supplier, and increased investment in research and development in 2017. Besides, the cost of human resources in the logistic department such as warehousing staff is also increasing.

However, the company's performance in the first half of 2018 has improved.

The first half of 2018, the semi annual report of the first half of the year, showed that in the first half of 2018, the company achieved a revenue of 39 million 582 thousand yuan, an increase of 16.13% over the same period last year. The company said that in 2017, the sales of all platforms increased year by year, and the net profit of the shareholders belonging to the company was increased by 1 million 570 thousand and 100 yuan, an increase of 335.72% compared with the same period last year. The main reason is that the company has gained a certain rank and popularity in the electronic business platform, and the company has gained more support from the electricity supplier, thus increasing the free flow of the electricity supplier, resulting in a reduction in the promotion of e-commerce.

Hua Shang observation: the "status quo" and "opportunity" behind the new three boards listed by apparel enterprises

In line with the A share IPO market, the number of clothing enterprises listed on the new third board since 2018 has been 6, compared with the number of 23 clothing enterprises listed in 2017, the number is less.

In the 6 clothing companies listed, two main products are outdoor products enterprises, two maternal and child products enterprises, and a men's clothing enterprise and a mink garment enterprise.

Although these enterprises involve different subdivision industries and face different markets, they correspond to the lower threshold of the new three boards. These enterprises are smaller in size than the A share listed companies.

These enterprises are generally located in a regional market, or have a relatively short time to establish, or are more centralized customers, have relatively single sales channels, or there are high inventory problems. There are also some "harms" in corporate governance. Moreover, some newly listed clothing enterprises even cause net profits to fluctuate sharply because of the payment of intermediary fees.

On the other hand, the new three board market appeared to be relatively cold in 2018, which is also related to the whole capital market environment in 2018.

However, the theme of this year's capital market is to activate the market vitality. With the launch of the science and technology board, I believe there will be many moves in the multi-level capital market reform.

According to media statistics, at present, 10 new three board enterprises have indicated that they are going to create a board. However, as for traditional clothing enterprises, although the probability of turning to A is relatively small, we believe that there are still opportunities to turn to the main board, small and medium sized boards, or even mergers and acquisitions.

In addition, as for the above 6 clothing enterprises newly listed since 2018, many enterprises can find A share "benchmarking" enterprises, such as three Yuan Yi You corresponding to golden hair Rabbi, Ke Baodi corresponding to Wordsworth shares, and Beilu shares corresponding to the "high" and so on.

It is also an important development path for garment enterprises to find a capital platform suitable for their position according to their own development conditions and to continuously climb to a higher capital stage by strengthening their own strength.