Yang Wensun Resigned Many Of His Executives And Resigned. Hubei Clothing " Leader " Meyer Now Had Major Personnel Changes.

Hubei Meyer Group Limited (hereinafter referred to as "Meyer") announced in the evening of September 24th that Mr. Yang Wensun had resigned from the company's director and general manager as a result of changes in his work. Meanwhile, Mr. Yang Wensun also resigned as the company's legal representative.


Meanwhile, the Secretary of the board, Wang Li, chief financial officer, she Shen Lei, and chairman of the board of supervisors Zhu Jiannan announced their resignation.


The first textile net reporter learned here that Yang Wensun was born in July 1962, Han nationality and graduate student. He has been chairman of Maier stock company and chairman and general manager of Hubei Meyer Group Limited company in recent five years. It has won the lead award of Chinese textile brand culture construction, and also won the title of "national labor model" in 2010.


According to Baidu's data, in 2002, when the American brand was no longer dazzling and the enterprise was on the verge of bankruptcy, Yang Wensun took the heavy burden and made great efforts to resolve the historical burden of over 15 billion yuan with the support and help of the municipal Party committee and the municipal government. He made great efforts to develop the main industry and realized the brand brilliance again. He grasped the opportunity of enterprise development, successfully implemented the reform of split share structure, introduced the stock index futures and promoted the leaping development of enterprises.


According to public information, the company was founded in March 1993. The company is one of the largest garment and garment manufacturers in Hubei. The company's main business is clothing, apparel and textiles research and development, design, manufacture and sales. The main products of the company are "Maer" brand men's wear, "Mei Er" brand women's clothing and supporting apparel products. Among them, the "Meyer" suit is the traditional superior product of the company, and has been recognized as "China's famous trademark" and has won the "China clothing annual award - Quality Award", which occupies a leading position in the domestic sales of the company.


According to the financial report, in the first half of 2019, the business revenue of the company reached 219 million 703 thousand yuan, a decrease of 2.52% from 225 million 379 thousand and 600 yuan in the same period last year, and a net profit of 43 million 910 thousand yuan to shareholders of the parent company was achieved, which was -55.50 million yuan over the same period last year. Excluding non recurring gains and losses, the net profit attributable to shareholders of parent company -388.18 million yuan, a decrease of -156.41 million compared with the same period last year. Net cash flows from operating activities amounted to 20 million 375 thousand and 800 yuan, up 284.94% from 5 million 293 thousand and 300 yuan a year earlier. By the end of the reporting period, the total assets of the company were 1 billion 59 million 28 thousand and 900 yuan, down 20.53% from the same period last year, and the owners' equity attributable to the parent company was 611 million 658 thousand and 400 yuan.


Meyer explained that during the reporting period, the company's operating performance was reduced compared with the same period last year. The company realized a net profit of 43 million 910 thousand yuan to its parent company shareholders, which was -55.50 yuan in the same period last year. Excluding non recurring gains and losses, the net profit of shareholders of parent company is -388.18 million yuan, which is -156.41 million yuan over the same period last year, and the amount of loss increased year by year. This is mainly due to the equity benefit of the company's disposal of Real Estate Company. During the reporting period, the revenue and gross profit margin of the main domestic apparel business decreased compared with the same period last year. The profitability of the garment industry of the company is still weak, especially the clothing export business and the hotel business are still in a state of loss. Therefore, the company's net profit is attributable to the loss of the parent company's net profit. However, the net profit from the non recurring attribution to the parent company is still in a state of loss.