Hong Kong Stock Apparel Enterprises Grow Sluggish, Looking For New Space For Pformation And Development

Ying Jin group: the loss expanded 67.82% to 146 million compared to the same period, closing 121 stores.

Ying Jin group announced in June 30th that as of the end of March 31st, the group's consolidated income decreased by 22.9% to HK $841 million compared with the same period last year, while the same store sales fell by about 15.4%, while the gross profit margin increased by 0.9 percentage points to 57.5%. The loss of equity holders was about 146 million Hong Kong dollars, an increase of 67.82% over the same period, and a loss of 23.18 cents per share.

Ying Jin group is a footwear retailer. Its main business is WalkerShop brand, and develops and retails its own brand A+A2, ACUPUNCTURE, ARTEMIS, COUBER.G, FORLERIA, TRU-NARI and WALACI footwear products through its own retail stores, department store franchising outlets and franchised stores. The sales network includes mainland, Hongkong and Taiwan.

As of March 31, 2016, Ying Jin group operates a total of 43 self operated stores, 546 licensed sales outlets and 111 franchised stores.

This year, the number of self operated stores, licensed sales outlets and franchised shops decreased by 2, 94 and 25, respectively, to 121.

Ying Jin group said that the market factors for declining performance, including weaker global economic performance and weaker economic growth in China, coupled with fluctuations in China's stock market and devaluation of the renminbi, further hit China's already softer consumer demand and retail market, while Hongkong's retail market was flagging due to the low number of inbound tourists.

Moreover, the increase in operating costs has also increased the burden on retailers.

In June 30th, Virginia announced its year-round performance as at the end of March, with a net profit of 442 million yuan, an annual increase of 30.86%, a profit of 42.2 cents per share, and an end of 5.6 cents, equivalent to about 30.5% of the group's net profit from the date of listing to the end of March.

During the period, the net interest rate rose by 0.6 percentage points to 8.7%.

The turnover was 5 billion 82 million yuan, 21.23% by year, 1 billion 254 million yuan gross profit, and 28.05% by year.

Gross margin increased by 1.3 percentage points to 24.7%.

The company said the increase in turnover was mainly due to customers' Sports chest and molding.

The demand for vamp and sneakers is increased.

The increase in gross profit margin was mainly driven by a decrease in the total cost of raw materials, representing a decrease in the total revenue of the group, and the continuous expansion of the group, resulting in the improvement of production efficiency and the increase in cost-effectiveness brought about by the scale economy.

In October 8, 2015, Virginia listed on the main board of Hongkong, providing lingerie and sports brand design and OEM business. Its customers include underwear brand Victoria 'sSecret, Bali, Maidenform, CalvinKlein, Warners, etc., as well as sports brand VSX, Adidas, Reebok, UnderArmour and Champion.

YGMTRADING: it made over 8 million last year, losing more than 8 million this year.

YGMTRADING6 issued a notice on 29 October. As of the end of March 31, 2016, the company realized HK $894 million in revenue, down 18.7% compared with the same period last year. The net profit attributable to shareholders of listed companies was 87 million 871 thousand yuan, a net profit of 81 million 95 thousand yuan in the same period last year, and a basic loss of 0.53 yuan per share.

In 1987, YGM Trading Co., Ltd. from the Yangtze River

The company has been spun out and officially listed in Hongkong, mainly engaged in garment sales, property leasing and trading, printing and related business and royalty income in Greater China.

Clothing sales brands mainly include Aquascutum, Ashworth, J.Lindeberg, MichelRene and GuyLaroche.

From 80 million last year to 80 million this year, YGMTRADING said that there were two main reasons: first, the retail market of the group's main business was shrinking, especially in the Hongkong and the mainland markets, which led to a marked decline in the retail sales and wholesale sales of clothing, leather goods and clothing, and two of the total legal and professional expenses incurred during the year when the group's printing business was split into independent listing on the stock exchange gem.

In view of this, the main reason for its loss is the serious decline in the sales of garment sales.

The company said retail retail rents continued to reduce pressure on the group's profits, and the group was also affected by the adverse effects of rents in Hongkong over the past few years.

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Bosideng: revenue fell 8% compared to the same period, closing more than 1500 stores, a decline narrowed

In June 29th, Bosideng released the annual performance bulletin as at March 31, 2016. During the reporting period, Bosideng realized revenue of about 5 billion 787 million yuan, down 8% compared with the same period last year, narrowing compared with the previous year.

The company said that it was affected by the domestic macroeconomic environment, and the group cleaned up inventory during the year, adjusted the retail network and laid the groundwork for optimizing the brand combination of the down garment business, resulting in a decline in the overall revenue of the group during the year.

The main business of Boston is divided into three major parts: the down jacket business, the OEM processing management business and the non down jacket business.

According to the performance report, the brand down garment business is still the largest source of revenue for Bosideng, accounting for 68.7% of the group's revenue. The remaining 14.3% and 17% come from non down garment business and OEM processing business respectively.

The three businesses fell by 2.5%, 18.1% and 18.3% respectively.

Bosideng's stores are still shrinking.

By the end of 2016 3, the total number of retail outlets in its down garment business has decreased by 1328 to 5271.

Among them, the number of self operated retail outlets decreased by 833, and the retail outlets operated by third party distributors decreased by 495.

In the non down garment business, Bosideng men's clothing, Jesse and Mogao respectively reduced by 175, 8 and 61 respectively.

Combined with down jacket, Bosideng's total net sales decreased by 1572 last year, narrowing by more than 5000 stores in the previous financial year.

Li Bang: loss warning is expected to increase in the medium term and full year losses.

In June 22nd, Li Bang issued a loss warning, saying that the performance of the group has been affected due to the continued slowdown in the retail market in Hongkong and Macao due to the decrease in Chinese tourists and the local consumer downturn. The price reduction in the mainland market and consumer sentiment in general are becoming more and more severe.

Management expects the group to have significantly larger operating losses in the half year of June 30, 2016 than in the same period in 2015.

At the same time, Li Bang also predicted that unless the market conditions improved significantly, the loss for the whole year is expected to be further aggravated than in 2015.

It is understood that by the impact of economic slowdown, the first half of last year, Li Bang's performance began to be unsatisfactory, according to the report, Li bang in its biggest market mainland market revenue plunged 29.6%.

Li Bang is a high-end menswear retailer. It operates Altea, Cerruti1881, D 'urban, Gieves&Hawkes, Intermezzo and Kent&Curwen and other international menswear brands. Its business market includes greater China, South Korea, and Malaysia, Singapore, Thailand and other Southeast Asian regions.

Tiger: profit warning, mid term profits will be reduced by more than 50%, not reaching sales targets.

Men's brand merchants tiger issued a profit warning in June 22nd. According to the unaudited business report from January 1, 2016 to May 31, 2016, the company's board of directors expected to reduce profits by more than 50% in the first half of 2016 compared with the same period last year.

This reduction is mainly due to the group retail store network consolidation strategy mentioned in the 2015 annual report. It is decided to stop the sale relationship and stop supply for some distributors who are not well documented.

The director now expects to stop the distribution relationship with his company, which will result in more than 30 million yuan in the company's account receivable bad debt preparation.

The notice also mentioned that, considering the recent sales figures of the group, especially the sales performance in the first 5 months of 2016, the board expected that the group failed to achieve the sales target of the spring and summer series in the early 2016.

Slim and healthy, open up new markets.

Scanning the recent performance situation of Hong Kong Stock apparel enterprises should be said to be mixed. The overall situation is not optimistic. It reflects that under the background of the complex and changeable international economic situation and weak growth, the growth momentum of garment enterprises can inevitably be impacted under the background of China's economic slowdown and economic structural pformation.

Specifically from the market segmentation, men's wear and footwear and other market growth has been weak, such as the loss of Li bang and YGM's performance, such as the tiger market, including CABBEEN's strong growth in the past, all reported that the performance growth is weak. It shows that the men's clothing market is still in the stage of deep pformation, requiring new growth mode, providing more competitive products and services to meet the needs of the market, and the decline in the performance of footwear, especially women's shoes enterprises such as BELLE, Ying Jin group and Daphne, is obvious to all.

Jeanne, a brilliant underwear business, mainly benefited from revenue growth and sports category. It also reflected that the "big sports" industry we mentioned before has become an outlet for the growth of garment enterprises.

The growth cycle of these segments is worthy of attention by garment enterprises in the process of pformation.

From the regional market, most of the clothing enterprises listed in Hong Kong have business in Hongkong or Hongkong enterprises themselves. The declining trend of performance also reflects that Hongkong's retail market is still in the doldrums. One of the important reasons is the increase in operating costs, including labor and rental.

This promotes Hongkong clothing brand enterprises to continue to "go north" and focus more on the "middle class consumer market" in the mainland, and for manufacturing enterprises (including mainland enterprises) that have manufacturing businesses, they will shift more manufacturing operations to low-cost regions such as Southeast Asia.

On the other hand, it will also urge the garment enterprises in the Greater China region to further layout the global region, seek new development space, and expect more overseas M & A activities to take place.