Men'S Faucet Red Bean Shares Hit 20 Million Again, This Time He Wants To Invest In Graphene And Other Projects.

Local men's wear leading enterprise, Jiangsu red bean industrial Limited by Share Ltd (hereinafter referred to as "red bean stock"), announced in the evening of May 31st, that the company intends to sign the partnership agreement of Tianjin Yi Feng hybrid venture capital partnership limited partnership with general stock, Hong Kong fund and Yi Feng investment, and jointly set up a partnership enterprise.

The total amount of contributions paid by the partnership is 51 million 500 thousand yuan, of which the company intends to invest RMB 20 million yuan as a limited partner, accounting for 38.84%; the general stock as a limited partner intends to invest 30 million yuan, accounting for 58.25%; the red bean fund as a general partner intends to invest RMB 1 million yuan, accounting for 1.94%;

General shares and companies are controlled by the red bean group. According to the rules of the Shanghai Stock Exchange listing, the general shares are the associated legal persons.

Apart from the director of the company, Mr. Gong Xin - Yu is also a director of general stock, there is no other relationship between general shares and the company in terms of property rights, assets, claims, debts and personnel.

The first textile network reporter read the announcement that the investment scope of Tianjin Yi Feng hybrid venture capital partnership (limited partnership) will focus on civil military integration enterprises and invest in high-end equipment manufacturing, new materials (Shi Moxi) and environmental protection projects such as AVIC armored.

According to the announcement, China Aviation armour is a company established by implementing the "national military integration" national development strategy put forward by the Central Committee. The controlling shareholder is 50% of China's aviation industry Beijing Institute of Aerial Materials, and the actual controller is China Aero Engine Group Co., Ltd.

AVIC armour is mainly engaged in R & D, production and sales of new products related to graphene modified materials, with mature R & D background and strength.

GM shares also said that this partnership is expected to benefit from the investment ability of professional investment institutions. At the same time, combined with the advantages of AVIC armour in the research and application of new materials such as graphene, it will help the company to upgrade its product research and development and further enhance its core competitiveness.

Public information shows that red bean shares were set up in 1995 and listed on the main board in the Shanghai Stock Exchange in January 2001. As an early established domestic private garment enterprise, it is a well-known popular male faucet in China. The company's business is mainly for red bean men's wear chain Monopoly and red bean professional dress custom.

Financial reports show that in the first quarter of 2019, Hong Kong shares realized 761 million yuan in business income, an increase of 9.14% over the same period, accounting for 50 million 976 thousand and 600 yuan net profit attributable to the parent company, an increase of 6.60% over the previous year, a net profit of 42 million 244 thousand and 100 yuan, a decrease of 8.79%, and a EPS of 0.02 yuan.

Net profit growth is lower than revenue, mainly due to the increase in sales, management fees and asset impairment losses.

Quarter quarter, the first quarter of 2018, the first quarter of -2019, red bean shares increased by 20.88%, down 48.43%, 17.05%, 8.32%, 9.14%, respectively. The net profit attributable to the parent company increased by 51.30%, -87.04%, -10.38%, -18.74% and 6.60%.

After the two quarter of 2018, the impact of the divestiture of the company's real estate business was eliminated. In the four quarter of 2018, the first quarter of -2019 was affected by the weaker clothing consumption. The income growth slowed down, the gross profit margin of 19Q1 increased, investment income increased, and net profit resumed growth.

Everbright Securities analyst Li Jie believes that in terms of clothing revenue, the first quarter was affected by the overall consumption weakness. The growth rate of red bean clothing income slowed down. At the end of March 2019, there were only 2 stores and less than expected at the beginning of the year, and the growth rate of Online revenue was narrowed.

Future Ltd will continue to expand its offline stores, sink into the lower tier cities, strengthen the ability of commodity management and digital supply chain, enhance single store revenue and drive garment revenue growth.

In the long run, Hong Kong shares are expected to focus on the main industry, and future clothing and related businesses such as home and underwear are expected to be injected into listed companies, and clothing performance will continue to grow.