La Natsu Bell Added Two Restrictions On Consumption Orders, The Implementation Of The Target Exceeded 26 Million

In April 1st, data from sky eye showed that La Natsu Bell added two new restrictions on high consumption in March 25th. Since this year, La Natsu Bell has already had four restrictions on high consumption information.

Shanghai's La Natsu Bell dress Limited by Share Ltd (hereinafter referred to as "La Natsu Bell") failed to fulfill their obligations on time in the two new restrictions on consumption. The Xuhui District people's Court of Shanghai was put on record in March 5th and March 9th this year.

The related object is Xing Jiaxing, former chairman of the board of directors of La Natsu Bell. The applicants are Guangzhou Europe Peng Garments Co., Ltd. and Guangzhou Hao Shun Textile Garments Co., Ltd., respectively. The execution targets are about 12 million 460 thousand yuan and 2 million 670 thousand yuan respectively, totaling 15 million 130 thousand yuan.

Xing Jiaxing was asked not to implement the following high consumption and non life and work necessary consumer behavior, including the choice of aircraft, train sleeper, steamboat two and more.

Data from heaven eye show that at present, La Natsu Bell has a total of 6 executors, the implementation of the target of over 26 million 860 thousand.

Founded in 2001, La Natsu Bell's main dress was listed on A shares in September 2017 and became the first "A+H" clothing company to be listed in China.

Two years after listing, La Natsu Bell faces the risk of delisting. In March 24th, La Natsu Bell issued the second reminder notice of delisting risk warning, saying that since the net profit of audited net in 2018 and 2019 was negative, the company's A share stock would be implemented "delisting risk warning".

On the evening of March 30th, La Natsu Bell released the 2019 performance bulletin, which showed that in 2019, the total revenue of the company was 7 billion 638 million yuan, down 24.94% from the same period last year, and net profit loss was 2 billion 52 million yuan, down 1186.39% from the same period last year.

For the decline in total business revenue, La Natsu Bell said that the department took the initiative to implement a strategic contraction strategy, closed down the direct, inefficient, loss of retail outlets. By the end of 2019, the number of business outlets in its territory was 4878, a net decrease of 4391 compared with 2018, with a decrease of 47.37%.

At the same time, in order to speed up the operation of cash flow, La Natsu Bell increased sales and discounts for the sale of goods in the quarter, resulting in a significant decrease in gross margin and a decrease of about 600 million yuan in the same period last year. In addition, the decrease in sales in 2019 led to a decrease in gross margin by about 1 billion 660 million yuan in view of the impact of closing stores and same store slipping.

By the end of 2019, La Natsu Bell's assets totaled about 8 billion 169 million yuan and liabilities totaled 6 billion 911 million yuan. The monetary fund is only 430 million yuan, and short-term borrowing is as high as 1 billion 481 million yuan.

Prior to February 3rd, La Natsu Bell announced that Chairman Xing Jiaxing had resigned for personal reasons and would no longer hold any post of the company.

According to the announcement issued at the end of March, the board nominated Xing Jiaxing and Yin Xin Tsai as candidates for the fourth independent directors of the board of directors for a term of three years.

At the same time, La Natsu Bell announced that the company name and registration place will be changed to "Xinjiang La Natsu Bell dress Limited by Share Ltd" and Xinjiang Urumqi hi tech Zone. The local government will provide La Natsu Bell with financing channels and policy support to relieve liquidity pressure.