Revenue Growth Slow Deducted Not Net Profit Even Loss 6 Years Meyer Dress Is Not Good To Sell?

Opening the front page of Meyer, it is a business match with a business image, a suit and a white shirt.

Public information shows that the main business of the company is clothing, apparel products R & D, design, production and marketing, and one is the hotel business.

In terms of products, Meyer men's wear mainly includes Western-style clothes, shirts, sweaters, T-Shirts, overcoats, casual wear and trousers. The products are positioned as middle and high-end commercial men's clothing, of which "Mei Er Ya" suits are the traditional superior products of the company. They are regarded as "China famous trademarks" and have won the "China clothing annual award" quality award, which occupies a leading position in the company's domestic sales. The second is the "Meyer" brand women's clothing, which mainly includes four major categories: professional wear, dress, fashion and casual wear. The product is positioned to serve the professional women, the main business fashion women's style.

But in recent years, the revenue of Meyer has grown slowly, and even the absolute value has been declining. Is it not easy to sell clothes? The net profit has been lost for 6 years, and many executives have left.

Meyer's performance has not improved, and revenue growth has been slow.

Combing financial data shows that the total revenues of the company from 2013 to 2018 were 659 million yuan, 540 million yuan, 471 million yuan, 434 million yuan, 444 million yuan, and 418 million yuan. From 2015 to 2018, it was basically lingering around 400 million, and the growth rate of revenue was 100%.

Meyer's net profit has been lost for 6 years, turning losses into profits, subsidized and disposed of assets.

For 6 years, the United States almost always relies on government subsidies and disposing of illiquid assets to increase profits. By the end of the three quarter of 2019, its non profit was -815 yuan.

In the first half of 2019, Meyer relies on the sale of wholly owned subsidiary Hubei Meyer Real Estate Development Co., Ltd. to confirm the investment income of 48 million 100 thousand yuan, accounting for 110% of the net profit of the current period. Compared with the same period last year, net profit was realized.

In December 2018, Meyer transferred the 80% stake in Xishui Meyer textile limited liability company to 1 yuan, while the counterparty needed to repay the 13 million 833 thousand and 600 yuan of the listed company Mei Ya 13 million 833 thousand and 600 yuan on behalf of Xishui Meyer. At that time, investors questioned that the decision to sell Xishui textile might be related to its performance in 2018. Data show that the first quarter of the three quarter of the United States lost 3 million 860 thousand yuan, and the transaction is expected to affect the United States 2018 annual report combined profit of about 8 million 700 thousand yuan, as of December 28, 2018, Meier has received the first payment of 7 million 500 thousand yuan.

Resignation of directors, general managers and legal representatives

On the evening of September 24, 2019, Meyer announced 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 from the company's legal representative. Meanwhile, the Secretary of the board Wang Li and chief financial officer she Jing Lei announced their resignation.

There are also Mr. Zhu Jiannan, chairman of the board of supervisors who left in September 18th, Mr. Wan Yajuan, who left in July 26th, and Mr. Li Yuanlin, the deputy general manager who left in June 22nd.

Electricity supplier era was "pulled down"?

The electricity supplier has not been favored by traditional retail outlets, and has not been accepted by traditional retailers. It has become a new consumption habit and has become a mainstream buying scenario for young people. It has witnessed the rapid development of the electricity supplier. When the equivalent change to qualitative change, let the traditional retail industry feel the charm of change, it inevitably goes to a trend, that is, integration.

It is noteworthy that mar retail is still dominated by Direct stores and shopping malls. The overall sales scale and the proportion of main business income are still small. According to the rough statistics of the flush, the sales revenue of Tmall online accounted for only 1% of the total revenue in the first half of 2019.

In recent years, the domestic textile and garment industry has gradually entered the transformation and upgrading, and the competition in the market environment is fierce. The clothing industry is not good at doing so. It is worth mentioning that the real controller of the company solved Kun Kun. In May 2016, China Textile and silk road obtained a 79.94% stake from the Hubei branch of the Construction Bank, which cost 565 million 220 thousand yuan. China spinning silk road has become a shareholder of the company, and has led to changes in the actual controller of the company. But at that time, China spinning silk road was only a new company that was just established in April. Such a large purchase naturally aroused strong concern outside. Through the deep excavation of the media, the "planting system" hidden behind the Zhongfang Silk Road surfaced, so that it was called the "eldest son" of "Zhongzhi".

According to the traditional way of A shares, once a listed company changes the real controller, it will have a strong restructuring expectation, and the stock price loosens slightly. But at that time, when the news of the real controller was changed, the stock price did not have great waves. Moreover, in recent years, the company has not made any big moves in operation, and its performance has not been improved. The total market value is only about 2 billion 500 million.