Seven Wolf First Half Of The Net Profit Forecast Fell Sharply And Will Increase The Share Repurchase

According to news, seven wolves released the semi annual performance forecast for 2020 on the evening of July 14. The company expects the net profit attributable to shareholders of listed companies to be 20-30 million yuan in the first half of the year, down 83.80% - 75.70% year-on-year.

In the first half of this year, the main reason for the decrease in the company's business performance and profits was the decrease of the company's sales revenue and the decrease of the company's sales revenue in the first half of this year.

The impact of the epidemic has a great impact on the clothing industry as a whole, but surprisingly, the impact on the online market is relatively small, especially since the second quarter of this year, online sales began to grow strongly.

According to the report, from January to June 2020, the turnover of Taobao tmall shoes, clothing, bags and bags increased by - 26.7%, - 21.1%, - 3.4%, 26.7%, 43.2% and 45.6%, respectively.

By quarter, the total turnover of Taobao tmall shoes, clothing, bags and bags in the first quarter of 2020 was 142.699 billion yuan, a year-on-year decrease of 17.48%; in the second quarter of 2020, the total turnover of Taobao tmall shoes, clothing, bags and bags was 249.316 billion yuan, an increase of 38.78% over the same period of last year.

Cheng Weixiong, an expert in textile and garment management, said that the channel mode of seven wolves is mainly offline physical stores, which has great challenges in the future, so it is particularly urgent to accelerate the online business layout.

It is worth noting that the announcement of stock repurchase plan was issued at the same time as the financial report. Seven wolf said that in order to promote the healthy and stable long-term development of the company, effectively protect the legitimate rights and interests of all shareholders, and enhance the confidence of investors in the company, it is necessary to combine the company's operation, financial situation and future development strategy.

The company plans to issue shares in RMB (a), or to use the company's own shares in the form of stock repurchase (a), which is used for the implementation of the company's stock repurchase plan. The total repurchase price is less than RMB 0.5 billion (excluding RMB 0.5 billion).

During this epidemic period, the decline of performance has been a common problem encountered by the whole garment and textile industry. How to explore the road suitable for the development of the company and keep up with the trend of the times is the key point.

Seven wolf is obviously actively exploring this road. Seven wolf said in June that the company is currently trying to build a live broadcasting team to promote the content operation of public traffic and the development of live e-commerce.

In addition, it has cooperated with Weiya, the "one elder sister with goods" in live broadcasting, setting a record of more than 24.87 million viewers and more than 52000 pieces of single product sales.

In addition, it is reported that seven wolves have been successfully selected into the export white list of the Ministry of Commerce and officially entered the field of medical biotechnology. At present, septenaeus has set foot in many fields, laying a good foundation for the company's future. There is no limit to the development space of septenaeus in the future.