Insufficient Production Capacity Or Delay The Normal Listing Of Red Dragonfly

Dragonfly Co., Ltd. of Zhejiang Province reported the quality inspection results of 56 batches of leather shoes Co., Ltd. of Zhejiang Province on December 24. Dragonfly Red is still facing the problem of insufficient capacity for public listing.

According to the Red Dragonfly shoe industry announcement, red dragonfly plans to make an initial public offering of 80 million shares in a shares (tentative).

Red dragonflies are now facing Insufficient capacity The problem. In terms of the actual production capacity of 52000 pairs of rubber shoes in 2011, the actual production capacity of the company was 19.4 million pairs, and the actual production capacity was 19.4 million pairs in 2010. However, what puzzles us is that the company has a high reputation among the domestic second-line products and its products have a good market. In the current situation of overproduction, the company does not seem to plan to use the funds raised by IPO to expand its production capacity.

According to the company's information, Red Dragonfly shoes industry was established in 1995 with a registered capital of 350 million yuan, formerly known as Yongjia Red Dragonfly shoes Co., Ltd., and completed the joint-stock reform in September 2007. The chairman of dragonfly Materials Co., Ltd., with a total assets of RMB 2.3 billion, will enter the domestic market with a total assets of RMB 2.3 billion in 2009, and hopes to complete its operation in the domestic market with a total assets of RMB 2.3 billion. However, its listing process was slow and delayed until this year, and the company has just completed the environmental inspection of listing.

A securities firm in Shanghai Clothing and textile Class analysts told reporters, Red Dragonfly It belongs to the domestic second-line brand, with fair popularity, but it is not as good as Aokang shoes, which will be listed soon.

It is reported that the company's unqualified shoes are 32aa27912 casual men's single shoes, and the peeling strength of the upper sole does not meet the requirements. In this regard, the Red Dragonfly company's after-sales department said that it had never received a complaint of substandard quality. Red Dragonfly Shaanxi Branch said that the company has dealt with the matter, but when the reporter specifically asked whether the product was recycled, the staff said that the matter was handled by the company's senior management, and they did not know the solution.

More and more domestic shoe and clothing brands have landed in the capital market, which has set off an upsurge of consumer goods listing. Aokang, also from Wenzhou, Zhejiang Province, is listed on the Shanghai stock exchange with Aokang international. If red dragonfly wants to successfully IPO, the issue of production capacity is still an unavoidable topic.