The Liaoning Company Is ZARA, Armani, And OEM, And Is Now Sprinting IPO To Raise Funds 366 Million.

Local clothing companies will soon add another young warrior.

In April 17th, Wan Dai clothing Limited by Share Ltd (hereinafter referred to as "Wan Dai stock") renewed its prospectus. The first textile network reporter noted that in the early June 28, 2019, Wan Dai shares submitted a prospectus to the China Securities Regulatory Commission, and plans to issue 23 million 627 thousand and 500 shares to the public, accounting for 25% of the total share capital issued.

The first textile network reporter learned from the prospectus that 10000 yuan shares will raise 366 million 424 thousand and 200 yuan through the capital market, and the funds raised are mainly used for the construction of three projects, namely, the production base construction of the Gulf Industrial Area, the R & D Exhibition Center construction project, the information upgrading and reconstruction project and the supplementary working capital.

1. Construction of production base in Gulf Industrial Area

Site selection is located at the Nanshan Street Bay Community in Pulandian District of Dalian. Wan Dai clothing has signed the contract for the assignment of the right to the use of state-owned construction land with the Pulandian land and Resources Bureau of Dalian land and Resources Bureau and the Pulandian Bureau of land and Resources Bureau. It agreed to sell the right to use the construction land in the 64666 square meter country to Wan Dai clothing.

It is estimated that the total investment will be 214 million 279 thousand and 700 yuan, including 178 million 43 thousand and 600 yuan in construction investment and 36 million 236 thousand and 100 yuan in the bottom floor, so that the garment production base of 2 million garment products will be built, and the company's own garment production line will be increased, and the self-produced production capacity can be expanded to meet the future development needs of the company.

The total cost of the construction project is 101 million 952 thousand yuan. The construction area of the production area is 41400 square meters, the finished product and raw material storage space is 17300 square meters, and the comprehensive office building is 6000 square meters. We plan to build four production workshops, each of which has two floors, 5175 square meters per floor, one warehouse for finished warehouse and one storehouse for raw materials and warehouses, two storehouses for each floor, 4325 square meters for each floor, and a comprehensive office building with five storehouses and 1200 square meters for each floor.

After the completion of the project, the annual production capacity of 2 million pieces of clothing will be formed. The annual sales income of the project reaches 582 million 915 thousand and 100 yuan.

2. Research and development of exhibition center construction projects.

The total investment of the project is 72 million 933 thousand and 800 yuan, including 69 million 499 thousand and 800 yuan for construction investment, 3 million 434 thousand yuan for project implementation (personnel input), 12 months for project construction, and 72 million 933 thousand and 800 yuan for total investment, including 69 million 499 thousand and 800 yuan for construction investment and 3 million 434 thousand yuan for project implementation.

The project is initially planned to be located at Davos Plaza, 33 GUI Pu Yuan, No. 2, Pu Pu Road, Zhongshan District, Dalian. It is composed of two parts of the 1681 square meter design exhibition hall and the 1681 square meter sample center. The company plans to purchase an area of 3362 square meters and acquire the right to use it through purchase. In September 18, 2018, the company signed the agreement with Dalian Deyin headquarters building development Co., Ltd., and agreed to purchase the related property of Dalian Deying development, 5 building of Davos Garden Plaza, 33 GUI Pu garden, Dalian port, Zhongshan.

Based on the existing sample center of the company, the project will increase investment in equipment and acquire more advanced production equipment and research and development equipment in the industry, so as to further enhance the R & D capability of the company and provide hardware and software support and guarantee for the company's technological innovation.

The project will build a multi-purpose comprehensive R & D Exhibition Center, including centralized clothing samples display, style and style design of garment samples, production and processing of garment samples. Through the centralized garment sample display, the whole process of R & D and production can be developed to enable customers to understand the R & D capability, processing strength and technological level of enterprises more directly through the R & D Exhibition Center. Wan Dai clothing will design R & D to become one of the core business functions of the company, so as to enhance the core competitiveness of the company and provide necessary business support for the transformation of the company to the comprehensive garment provider.

3. Information upgrade and reconstruction project

The construction period of the project is 12 months, with a total investment of 23 million 619 thousand and 200 yuan, of which 23 million 139 thousand and 200 yuan for construction investment and 480 thousand yuan for project implementation.

The company's newly purchased office building is located in Davos square, Biguiyuan garden, 33 Kong Pu Road, Zhongshan District, Dalian. The information room of the company will be located in it, occupying an area of 200 square meters, of which: the computer room is 60 square meters, and the office space and equipment maintenance warehouse will be 120 square meters.

The company will enhance the data mining and analysis capabilities of the company through the application of data acquisition, analysis and other related technologies in the big data platform, so as to achieve business process optimization, reduce operating costs and improve operational efficiency. After the completion of the project, we will comprehensively enhance the existing system hardware performance and software operation environment, strengthen the company's information management level, and provide strong support for the sustainable development of the company.

4. Supplement other working capital related to main business.

Although the textile and garment industry is in the period of industry integration, the revenue of Wan Dai clothing remains stable during the reporting period. In 2017, 2018 and 2019, the business revenue of Wan Dai clothing reached 1 billion 196 million 754 thousand and 800 yuan, 1 billion 240 million 698 thousand and 100 yuan and 10 billion 183 million 258 thousand and 500 yuan respectively. The main reason for the steady development of Wan Dai clothing during the reporting period is to keep developing new customers on the basis of maintaining past customers. It is also because of the need for more abundant liquidity to protect the company's daily operations. The company intends to use the 55 million 591 thousand and 600 yuan of the offering fund to supplement the liquidity needed for the main business related business activities.

According to public information, Wan Dai stock was founded in May 15, 2006. It is located at No. 10 Chun he street, Zhongshan District, Dalian, Liaoning. It covers the manufacture and sale of clothing, knitwear, shoes, hats, clothing and accessories. The company's products cover men's and women's adult costumes and children's clothing, including coat, jacket and bottoms.

After more than 10 years of accumulation, Wan Dai stock has been sold to Europe, Spain, Italy, France, Germany and other European countries, and has actively explored the business of the United States, Australia, Japan and other countries and regions. The main customers include Indy Textile Group (main brands: Zara, Bershka, MassimoDutti and Pull&Bear), Armani group (main brands: GiorgioArmani, EmporioArmani, ArmaniExchange, ArmaniJunior), bestseller fashion (main brands: Jack&Jones, Only, VeroModa, VeroModa) and Benetton group (main brands: ","), etc. Famous clothing Brand Company, as well as the United States apparel, Hechi China (main brands: Europe time force) and other well-known clothing Brand Company.

The prospectus shows that in the past 2016-2018 years, the operating income of 10000 generation shares during the reporting period was 1 billion 38 million yuan, 1 billion 197 million yuan and 1 billion 241 million yuan respectively, with net profit of 60 million 349 thousand and 200 yuan, 24 million 114 thousand and 300 yuan and 62 million 863 thousand and 900 yuan respectively.

As of December 31, 2017, December 31, 2018 and December 31, 2019, the total number of employees of Wan Dai clothing was 2748, 2912 and 3218 respectively; in 2017, 2018 and 2019, the salaries of employees were 107 million 694 thousand and 400 yuan, 135 million 191 thousand and 500 yuan and 139 million 817 thousand and 700 yuan respectively.

The target market of Wan Dai stock's export is mainly in Europe. In terms of the company's exports to Europe, the amount of export to Europe in 2017, 2018 and 2019 is 918 million 511 thousand and 300 yuan, 925 million 552 thousand and 100 yuan and 1 billion 753 million 579 thousand and 100 yuan respectively. The company is one of the main processing traders for China's export of European woven garments. According to statistics from the International Trade Center (InternationalTradeCentre), China's exports of woven garments to Europe in 2017 and 2018 were $23 billion 785 million and $23 billion 773 million respectively. According to this calculation, the market share of Wan Dai shares in China's European woven apparel market was 0.59% and 0.56% respectively.

In 2017, 2018 and 2019, the export revenue of Wan Dai shares accounted for 79.03%, 78.26% and 77.81% of the main business income respectively, and the company's main revenue came from export business. In 2017, 2018 and 92019, the products of the company were mainly exported to Europe, and the sales income of products exported to Europe was 918 million 511 thousand and 300 yuan, 925 million 552 thousand and 100 yuan and 1 billion 753 million 579 thousand and 100 yuan respectively, accounting for 77.18%, 74.84% and 74.34% respectively.