The 7 Companies Listed In The Clothing Industry, Such As Hai Lan, Are Listed On The Block.

In May 11th, once full of confidence.

The listing application "hit the wall", which also allows the company's original plan to issue 49 million shares, financing more than 1 billion yuan to invest in the marketing network construction and so on 4 projects can not be realized for the time being.

In this regard, other media said that the application of the Hai Lan home listing is not meant, which means that a number of PE agencies, including the group of stars, will not have this fortune feast.

IPO has been broken down for a long time, which may also set a high risk zone for VC/PE.

In May 15th, an insider interviewed by reporters, who declined to be named, agreed with the views of the media. He pointed out that at present, for clothing enterprises, PE/VC should really think about its own way out.

Last year, 6 planned IPO companies did not pass the meeting.

According to statistics, since 2009, the venture capital industry has been in love with the garment industry.

Since 2009, China's apparel [7.45 -1.72% shares have changed significantly, and industrial pformation and upgrading have moved from passive to self-conscious development.

In 2011, the adjustment of China's clothing industry brand layout became a hot spot. Resources integration, capital operation, international cooperation and other means gradually became the brand creation and innovation mode.

In China, with the continuous introduction of new and high technology and modern management concepts into the garment industry, industrial pformation and upgrading are being carried out, and the continuous innovation of business mode, management mode and marketing means has great room for growth.

At that time, people in the industry analyzed the prospect of China's clothing industry with confidence. She believed that first, China was the most perfect country in the textile and apparel industry chain; second, China had 1 billion 300 million large domestic market, and third, the clothing industry could have many innovations in the business mode.

On the other hand, because the clothing industry has not attracted enough attention from the capital, the cost of intervention is very low and the risk is relatively low. Once the capital is involved, the investment will be much higher than that of the high tech industry. In the same period, the average return rate of the garment industry is about 40 times, while that of the hi tech enterprise is only 5-20 times.

In the past two years, the investment clothing industry and the clothing retailing industry's case are even more numerous. More data show that in 2010, the investment events and the total investment amount disclosed by China's textile and garment industry all reached a record high level. 26 investment items have been disclosed, and the total amount of investment cases disclosed is 358 million USD.

However, this time, whether Hai Lan's home is listed, can it calm down and think highly of the minds of VC/PE in clothing and textile and clothing retailing industry?

There are public information, clothing industry company IPO has been repeatedly denied since last year, last year, only 11 of the 5 IPO clothing enterprises were over, including Shandong Shu Lang, Nanjing Wenger, Shanghai, Shanghai, Zhuhai, Zhuhai, Fujian and so on.

Vigna S, who was not previously known as Nanjing, is currently waiting for a two degree clearance in the securities and Futures Commission. At present, there are 11 IPO clothing companies including it, such as Hai Lan's home, Jiangsu AB group, women's baby products of blonde Rabbi, Shanghai La Natsu Bell costumes, Zhejiang Georges white costumes, bird of honor and Jordan sports.

But in Zhejiang, George White.

Jordan sports has passed the trial, the home of Hai Lan is not, most of which is to implement the feedback stage.

Venture capital industry segments

According to a reporter who read the prospectus of 6 unlisted companies in 2011, he found that in addition to the Nanjing Vigna S and Shanghai, Li Rui said publicly that there were no strategic investors, the other 4 companies had venture capital figures.

The holding investment company for Zhenwei investment and think investment is 71.79% and 10.53% respectively. In addition, the investment in the prospectus is in addition to Zhenwei investment and investment, besides investment by Bart, Hongshi investment, Jiu Ding, Chai Jiuding and wolves. The investment companies in Fujian, including Silicon Valley paradise, joint venture investment, and Nash investments, include 4 million 500 thousand shares in the joint venture investment, 6.72% stake in Silicon Valley, 4 million 350 thousand shares in Silicon Valley paradise holdings and 6.49% shares. The number of shares held by NVC is 3 million shares, and the shareholding ratio is 4.48%. The investment company in Shenzhen lady house is Shanghai Tianxiang Business Consulting Co., Ltd. its shareholding ratio is over 5%. In Shandong, the investment company of Shu Lang is Yantai Dali Investment Co., Ltd., holding 5 million 833 thousand and 300 shares and 8.33% shareholding. In Wiseman, Zhuhai

The above 6 listed companies have not passed, so the 10 Vc firms will not be able to realisk from the company they invested in the short term.

Yesterday, the group's clothing industry analyst Wan Ge told the Securities Daily reporters: "although last year, a number of listed companies IPO did not pass, and this Hai Lan's home has not passed, but from the current situation, PE/VC does not want to abandon the investment in the clothing industry.

However, there will be a difference from the previous years, that is, the investment in the clothing industry will see more finer PE/VC, that is, their focus in the breakdown of the industry, such as maternal and child clothing and so on.

According to the ratio of data statistics, the proportion of PE/VC in clothing industry has increased since 2012.

In addition, the reporter learned from the side that for the past, it was reported that the higher inventory factor of the clothing industry also affected the focus of PE/VC investment, and then shifted to other segments of the industry.

From the clothing industry itself, whether the market can be digested after the expansion of production capacity has become a major reason for the regulatory authorities to veto these listed companies, because the high inventory phenomenon of China's clothing industry is very serious in 2011, and even the performance of Lining [6.64 -0.60%], Anta, XTEP and Peake Du Hussein Gogh Cu has slowed down, and the share price has plummeted.

In addition, under the background of high inventory and high cost of property leasing, clothing companies generally have a problem of falling gross margins. Most of the clothing chain enterprises positioned in the middle end brand are facing the dilemma of brand upgrading and homogenization competition.