Seven Wolves Continue To "Slow Down" This Year, And Direct Sales Terminal Sales In September Are Also Weaker Than In August.

stay Garment industry As the overall growth slowed down, the third quarter of the seven wolves had a bright future. However, compared with the previous high growth rate, the seven wolves continue to "slow down" this year.

Yesterday, men's wear leading enterprises. Seven wolves Announced in the three quarter, the first quarter of the first three quarters of this year achieved operating income of 2 billion 513 million yuan, an increase of 19.71% over the same period last year. The net profit attributable to shareholders of listed companies was 402 million yuan, an increase of 39.30% over the previous year, and a basic earnings per share of 0.89 yuan.

The company said that the main reason for the company's net profit growth during the reporting period was the effective control of sales growth and cost. Among them, the company achieved operating income of 1 billion 27 million yuan in the third quarter, an increase of 13.43% over the same period last year, achieving a net profit of 156 million yuan, an increase of 37.28% over the same period last year.

Although the third quarter achieved nearly 40% rise, but the single quarter revenue growth has declined, the third quarter net profit 13.43% growth rate is lower than the first, second quarter 26.22% and 21.51% year-on-year growth.

For the reasons for the slow growth of performance, GF Securities reported that the main department was postponed delivery, and the trend of slow growth of the second tier and the same store did not improve significantly. In addition, the company operated directly in September. Terminal sales Also weaker than August.

Meanwhile, as at the end of 9 in 2012, the company accounts receivable increased by 15.09%, an increase of 157.32% over the end of last year. The financial report said that this was mainly due to the pressure of customers' funds. The company increased the support of the channel and increased the credit limit of agents, which was used to cause large quantities of goods in autumn and winter. In addition, the net operating cash flow of the company increased by 137.7% over the same period last year. It was only due to the delay in payment of the bill, or the improvement of the performance.

In terms of inventory, the stock market at the end of the three quarter was 736 million yuan, up 49.71% from the end of the two quarter, and the proportion of total assets rose from 10.33% at the end of the two quarter to 13.33%. China Merchants Securities (micro-blog) (10.36,0.00,0.00%) believes that the increase in its inventory size is mainly affected by two factors. First, the retail market is sluggish this year, resulting in a slight decrease in the sales volume in spring and summer in 2012 compared with last year, which has increased the inventory pressure to a certain extent. Two, the three quarter is the centralized storage period of autumn and winter goods.

However, the company expects that orders will increase in 2012. It is expected that net profit will reach 536 million yuan to 618 million yuan in 2012, compared with 412 million yuan in 2011, an increase of about 30% to 50% over the same period.

The seven wolves have been "very popular" in the two tier market, a researcher who has long followed seven wolves told reporters. "The biggest gold content is precisely the other assets that are currently insulated from the listed companies, such as finance and real estate."

In fact, apart from clothing, the seven wolf group has already diversified in financial, real estate and other industries.

An official told reporters that the future of the seven wolves is still uncertain because its dependence on other industries to win the capital market is not sustainable.

However, Zhou Shaoxiong, chairman of the seven wolves (micro-blog), stressed in his interview with reporters that "participation in the Yunfeng fund and so on are all representative of the group of seven wolves.