Local Men'S Wear Faucet Added Medical Protective Clothing Production Line, Monthly Capacity Of At Least 60 Thousand Pieces!

Decorative design services; clothing, needle textiles, machinery, chemical fiber, general labor protection products, special labor protection products manufacturing, processing and marketing; first class medical device production, second types of medical device production; intelligent wearable device design, development and sales; shoes and hats, leather goods, bags, glasses sales; sanitary ware, daily groceries, cosmetics, sanitary products, stationery, sporting goods, arts and crafts, food, household appliances, electronic products, furniture, props, lamps and audio equipment sales; books and magazines, department stores retail; sewage treatment, industrial water management; owned housing leasing; provide enterprise management services; self and agents of all kinds of goods and technology import and export business. Local men's wear leading enterprise, Jiangsu red bean industrial Limited by Share Ltd (hereinafter referred to as "red beans"), announced in the evening of February 3rd, according to the needs of business development, will change the scope of operation to "clothing, decoration".

First textile network reporter noted that the red bean business scope increased the "medical device production" and so on, and red bean shares also said that as of now, the company has not yet launched the production of disposable medical protective clothing and mask, but to respond positively to the state's response to the epidemic prevention and treatment needs, alleviate the supply pressure of some medical device products, the company will produce medical disposable protective clothing after obtaining the Jiangsu emergency medical supplies protective clothing and mask emergency production and use of approval documents. The products will be subject to the unified allocation of the government and not to be sold externally. The above business is mainly to fulfill the social responsibility of listed companies, support the government's epidemic prevention and control work, and strive to win the battle against epidemic prevention and control.

According to the estimation of Hong Kong stock, the company expects the production of disposable medical protective clothing after production is about 60 thousand pieces / month, involving sales revenue of about 12 million yuan / month, compared with the company's operating income of 2 billion 483 million yuan in 2018, which is relatively small, and does not take profits as the main purpose, will not have a greater impact on the company's business performance this year.

Public information shows that Hong Kong shares are well-known domestic men's wear faucet, founded in 1995, and listed on the main board of the Shanghai Stock Exchange in January 2001. The company's main business is the red bean men's wear chain Monopoly and the red bean professional wear custom.

According to the financial report, in the first three quarters of 2019, the share of red bean realized 1 billion 784 million yuan, an increase of 5.42% over the same period, and a net profit of 144 million yuan, down 16.93% from the same period last year. As of the end of 2019 9, there were a total of 1379 entities in Hong Kong Group, including 1323 franchises and 56 Direct stores. In the three quarter of 2019, a total of 27 stores were opened in one quarter, and -8 stores were opened in straight outlets.

From the perspective of revenue and net profit, the three quarter of Hong Kong shares achieved a profit of 540 million yuan in the single quarter, an increase of 16.95% compared with the same period last year, and a net profit of 49 million 322 thousand and 600 yuan, down 20.79% from the same period last year. From the cost point of view, the gross profit margin of the red bean group was 32.05%, an increase of 1.19 percentage points over the same period, a 15.98% percentage point increase, an increase of 3.34 percentage points compared to the same period last year, a 9.11% percentage point decline in management and R & D, and a 1.63 percentage point decrease in the same period last year. The financial cost rate increased by a percentage point, even though the single quarter revenue and gross profit margin increased.

In the first three quarters of 2019, the online sales of Hong Kong share realized 240 million yuan, an increase of 0.2% compared with the same period last year, with a gross profit margin of 30.08%, an increase of 1.48 percentage points compared to the same period last year. The sales revenue under the line reached 1 billion 458 million yuan, up 7.3% from the same period last year, and the gross profit margin was 31.86%, which was 3.46 points higher than that of the same period last year.

Pacific Securities analyst Zhu Lu believes that Hong Kong shares adhere to the brand younger, leisure and fashion, consolidate the "red bean fashion" brand style, and continuously enhance product strength. Offline channels focus on improving the quality of channels, and the expansion speed and operational efficiency of stores are constantly improving. Online channels actively enter the social business platform, promote the alliance of different industries, and conduct two-way drainage based on the sharing of channels. Online and offline continue to strengthen integration, optimistic about the subsequent expansion and smart retail reform to the growth of men's business.