Qiu Guang And His Daughter Want 1 Billion 300 Million To Pfer 5% Shares Of Semir Clothing, To Rely On Six Words, "Good Recipe" Has Been Leaps And Bounds.

Zhejiang Semir clothing Limited by Share Ltd (hereinafter referred to as Semir dress) announced in the evening of May 31st that Qiu Yanfang signed the "share pfer agreement" in May 31, 2019, pferring the 134 million 992 thousand and 400 shares held by the company (5% of the total share capital of the company) to Wang Yaohai.

Prior to this change in interest, Qiu Yanfang held 304 million shares of the company, accounting for 11.26% of the total share capital of the company.

After the change of interest, Qiu Yanfang held 169 million shares of the company (6.26% of the total share capital), and Wang Yaohai held 134 million shares of the company (5% of the total share capital), holding more than 5% of the company's shareholding.

After consultation, the two sides agreed that the price of the proposed share pfer was 9.69 yuan per share and the total pfer price was 1 billion 308 million yuan.

Within 10 working days after the completion of the pfer of share pfer between the two parties, Wang Yaohai paid Qiu Yanfang a one-time pfer price of 700 million yuan, and within three months after the pfer of shares between the two parties was completed, Wang Yaohai paid Wang Yaohai a one-time payment of 608 million yuan.

Reporters noted that Semir clothing announced on May 21st that shareholders of the company received Zhou Pingfan and Qiu Yanfang's letter, and as of May 20, 2019, the deadline for reduction has expired. Zhou Pingfan has held 53 million 989 thousand and 800 shares of the company's shares held by centralized bidding and block trading, accounting for 1.9997% of the total share capital of the company. The reduction has been completed.

As of May 1, 2019, Qiu Yanfang did not reduce shares of the company.

Qiu Yanfang received a letter from shareholders, Semir, who plans to reduce the 134 million shares held by the company in the form of block trading or agreement pfer, accounting for 5% of the total share capital of the company.

The reduction period is within 6 months (180 natural days) after the 3 trading day after the announcement of the autocorrelation reduction plan.

According to the announcement, Qiu Yanfang is the daughter of Qiu Guang he, chairman of Semir clothing, and her husband Zhou Pingfan is the vice chairman of the company. According to a quarterly report in 2019, the largest shareholder of Semir costumes was Qiu Guang and the shareholding ratio was 16.90%. The actual control of Semir costumes was Qiu Guang and Qiu Jianqiang, Zhou Pingfan, Qiu Yanfang and Dai Chi Yue.

For the reasons for the reduction, Semir clothing explains that it is mainly shareholders' Qiu Yanfang's personal capital needs, and takes into account the fact that the company's actual controllers and related parties have a relatively high shareholding ratio. The liquidity of the company's stock market is poor. In order to enhance the market liquidity of the company's stock and improve the stock structure of the company, the source of the stock holdings is Semir's Semir dress IPO, which acquired shares and the shares purchased by the agreement pfer mode.

As of May 31, 2019, Semir clothing reported 10.68 yuan / share, a decrease of 0.74%, with a market value of 28 billion 800 million yuan.

According to the first textile net reporter from Semir dress, Qiu Guang, chairman of Semir fashion, and publicly announced in mid May this year, for Semir costumes, the new development theme of 2019 -- "open, online, and empowering" is actually a good recipe for Semir clothing to cope with the more rapid changes of the whole environment.

Qiu Guang and Semir said that the growth of Semir clothing was better than that of the same period, better than that of the same industry, and better than expected. Especially in the first quarter of 2019, the good momentum of development continued. He believed that there were at least several positive changes in Semir fashion at present.

First, the dynamic changes behind the growth of Semir's clothing business are mainly three: one is the common growth of "three brands of adults, international and children"; the two is based on the "domestic, foreign, online, offline" channels, especially the traditional stores in terms of image, brand and operation; and three is the joint guarantee of the four major business platforms of Shanghai, Wenzhou, Jiaxing and Hangzhou.

Over the past few years, Semir apparel has invested nearly more than 30 billion, and has built about 1000000 square intelligent logistics warehouse and intelligent office park. These projects provide more powerful support for Semir clothing to incubate more brands and create more large-scale and higher speed growth.

And this kind of information platform, financial platform and human resources platform are accelerating construction. I believe these will ultimately ensure that every percentage point increase in Semir's earnings is high quality and vitality.

Two, we are concerned about the positive changes in the landing process of Semir's new five year plan.

In order to undertake the "55 planning" platform strategy, Semir apparel started in 2018, promoting the "platform building" and "cattle introduction" two jobs.

Through platform building, we have perfected the organizational system of Semir, further optimized the organizational functions, organizational boundaries and organizational processes, and enhanced the health of Semir organizations; we have enriched Semir's talent team through the introduction of "cattle man", optimized the talent structure of Semir, and introduced more high-level talents, international vision and entrepreneurial background talents for Semir in a short time, effectively improving the health of the Semir team.

These two "health" are crucial to the sustained and prosperous development of Semir clothing.

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The three is concerned about the positive changes in Semir apparel investment and acquisitions.

In 2018, Semir apparel completed the overseas merger and acquisition of French children's clothing items. After the merger report, it has already had some influence on the Semir clothing's financial report.

This acquisition is of great significance to Semir clothing, which is accelerating the integration of Semir apparel global resources.

The most direct result: first, we are speeding up the construction of the global supply chain network; two, in the two-way flow of domestic and international brands, the channel of Semir clothing is widening.

Performance has also been greatly improved. Three, in the upgrading of R & D capability, Semir apparel has set up a global R & D platform in Paris, France. Its main function is to connect the international trend and fashion, and improve Semir's R & D capability systematically.

Of course, all these changes are only the beginning now, but in two to three years, their role and significance will soon become apparent.

The four is concerned about the positive changes in Semir's organizational governance.

It should be said that after the systematic combing of the "new five year strategy", Semir's governance system is more perfect and its governance structure is more clear.

Under the leadership of the board of directors, Semir dress for the first time distinguishes and defines the functions and responsibilities of the front desk, the middle stage and the backstage.

As the big backstage of Semir clothing, the board of directors will mainly control two aspects in the future: first, control the direction of enterprise development; ensure that all development, pformation and adjustment of enterprises are consistent with the strategic planning and business expectations; two, control the risks of development and do well in compliance work.

At present, Semir's securities, legal affairs and auditing are directly controlled by the board of directors, and at the same time, new rules, systems and process designs have been added. The fundamental purpose is to ensure that Semir's development is always based on compliance, pparency and health.

The five is to pay attention to the positive changes in the core of Semir culture.

Since 2015, Semir apparel has implemented the partnership system internally. Since 2018, the partnership system has been established as a strategic system.

The purpose of Semir clothing vigorously promoting this work is to make entrepreneurship become a spontaneous behavior within Semir, so that supporting entrepreneurship can become a conscious culture, and ultimately promote the sustainable development of Semir business through the power of "Chong Chong".

With the continuous advance of the partnership system, this system is injecting many new elements into Semir culture. At present, Semir's culture is becoming an enterprise culture with more "development culture, innovative culture, responsibility culture, enterprising culture and struggling core".

Public information shows that Semir clothing is the leading enterprise of domestic casual wear and children's clothing.

At present, we have formed the two major brand clusters, namely, adult casual clothes represented by sun Ma pin and children's clothing represented by Barbara.

Semir accounted for fifth of casual wear, while balbala accounted for the first place in children's clothing.

By the end of 2018, there were 8864 stores and 1234 cities in the whole country. During the reporting period, the company achieved 15 billion 700 million yuan in revenue, an increase of 30.68% over the same period. The net profit attributable to the parent company was 1 billion 693 million yuan, an increase of 48.79% over the same period.

First textile network reporter noted that since the second half of 2018, the terminal sales growth has been slowing down, and the Spring Festival in 2018 is relatively late. Therefore, most brand clothing companies have slowed down in the first 2 months of this year.

Since March, retail sales of branded apparel have been showing signs of recovery.

According to the Statistics Bureau, the total retail sales in March 2019 increased by 8.7% over the same period last year, a 0.5 percentage point improvement over the month, and 6.6% year-on-year growth in clothing category, a 4.8 percentage point increase in the ratio.

In the first quarter of 2019, Semir apparel achieved 4 billion 118 million yuan of business revenue, an increase of 63.9% over the previous year, and a net profit of 347 million yuan attributable to shareholders of listed companies, an increase of 11.06% over the same period. The net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 313 million yuan, an increase of 10.68% over the same period last year. The basic earnings per share were 0.13 yuan.

By the end of the reporting period, the total assets of Semir clothing were 16 billion 274 million yuan, and the net assets attributable to the owners of the parent company were 11 billion 484 million yuan, an increase of 3.04% over the same period last year.

Semir clothing explained that the substantial increase in the company's operating income during the reporting period depended on the resumption of the growth of casual clothing business and the steady growth of children's clothing business, plus the rapid growth of the electricity supplier channel, which contributed to the increase in income. In addition, the company wholly acquired the KIDILIZ group, the leading Middle and high-end children's clothing group in Europe in 2018, and consolidated its first quarter business income in 2019, resulting in the growth of revenue.

Zhang Junhao, an analyst at Guoxin Securities, believes that Semir clothing and children's clothing business has intensified competition in 2018. The market share of the background market has further improved, and the leading position has been continuously consolidated. With the integration of Kidliz's global design resources and supply chain, it is expected to form a complete multi brand matrix of children's clothing section in the future under the full coverage of the whole category, year-round age and consumption levels, and further deepen the competitive barrier of children's clothing business. Casual wear business is expected to maintain steady growth in 2019 with the promotion of product innovation, marketing power and operational efficiency.