What Is The Actual Development Of The Pan Fashion Eco Circle?

Recently, the company announced that the company received the CSRC administrative license application form issued by the China Securities Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission"), and accepted the acquisition of the medical surplus stock of the securities company. At present, the group of Langer has formed a multi fashions ecological circle based on fashionable women's clothing, green baby, medical beauty and asset management. So what is the actual development of Pan fashion ecosystem?

In May 25th this year, the company announced that the company now holds 58.81% stake in the medical company. It intends to issue shares to buy 41.19% of the shares, including Shen Dong day, China South Korea Chen Hui, Wu Xun in October, Nanshan bridge, and Heyuan lotus holdings. Meanwhile, it intends to raise matching funds of not more than 50 million yuan to cover the related intermediary fees and medical beauty flagship store construction projects. Among them, the issue price of new shares issued to the trading party is 9.02 yuan / share, and the number of shares issued is not more than 351 million shares.

As a matter of fact, as early as 2016, the group began to layout the field of medical beauty. In the same year, he invested 330 million yuan to hold six medical beauty hospitals in Sichuan, Milan and Sichuan. At present, the group has three medical beauty brands, "Milan Bai Yu", "crystal skin beauty" "high life", and has ten branches, mainly distributed in Chengdu, Xi'an and other places. Last year, the medical beauty business of the group achieved a revenue of 480 million yuan, an increase of 87.26% over the same period last year, and a net profit of 27 million 519 thousand yuan for the company after the merger, an increase of 43.42% over the same period last year, but it has yet to become the core strength of the company's growth.

It is worth noting that the listing of the group is located in the high-end women's clothing brand, with its brand names, such as long Zi, Rhine and Zhuo Ke. However, as the overall development of the women's wear industry slowed down in 2014, the women's clothing business of the group changed significantly. In order to find new profit growth point, the group began to cross border new business.

The Chinese Commercial Daily reporter learned that in addition to the women's clothing business and the medical and American business, the current group has operated investment and children's clothing business. At the end of 2016, the Bank of Korea and Asia Bank jointly established the Bank of Korea, which began in June 2017. According to the data, the sales revenue of the Korean company has reached 105 million yuan, which accounts for 3.95% of the total revenue. After the merger, the net profit of the company is 92 million 705 thousand and 200 yuan, up 22.46% from the same period last year. However, the overall contribution to the company is relatively small.

In addition, Akabon bought the Korean children's clothing brand as early as 2014, and entered the children's wear industry. Akabon invested more than 300 million yuan to Akabon. Akabon achieved a profit of 661 million yuan last year. But after the merger, the net profit was 23 million 972 thousand and 300 yuan. From the current situation, it may be a losing business.

Compared with last year's annual revenue of 2 billion 660 million yuan, the US medical business, investment business and children's clothing business did not bring outstanding contributions to the company.

Shi Hongmei, an analyst at Orient Securities, said that according to the latest financial data of the group, it has lowered its expected revenue for the next three years. At the same time, the stock price of the group continued to fall, and its market value was only 3 billion 660 million yuan, which has shrunk considerably compared with its peak in 2016. So we can see that the capital market does not appreciate the parallel business mode of the diversified business of the group.