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Nine Herd Wang: Stock Pressure Is Lower Than Peer Social Security Holdings

2013/8/17 11:41:00 18

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Nine Herd King Nine Mu Wang Stock Nine Mu Wang Shares

from the perspective of the roadmap of social security increasing, it has considerable interest in underestimating the value of < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > a target= "_blank" href= "_blank" > clothing > Company.

In addition to the nine herd kings, the social security fund also bought a search company in the first half of the year.

disclosure of listed companies is ongoing. The social security fund's stock buying roadmap has always been the concern of the market.

In the first half of this year, the social security fund entered many of the top ten tradable shareholders of the company, but it was rare to be held by social security funds like King Mu.

up to the first half of this year, a total of 4 social security funds held nine Mu Wang, with a total holding amount of 9 million 791 thousand shares.

in fact, the recent performance of < a href= "http://sjfzxm.com/news/index_f.asp" > nine herd Wang < /a > has been rather dull due to the decline of the industry boom. The first half performance has dropped by 14.03%, the first negative growth since the listing.

the first negative growth of listed companies is .

the report released by the nine herd Wang shows that the company's operating income in the first half of this year was about 1 billion 164 million yuan, down 2.29% from the same period last year. The net profit attributable to shareholders of listed companies was 291 million yuan, down 14.03% from the same period last year.

it is understood that this is the first time that since the listing of in June, the semi annual report has declined.

At the same time, according to the plan of 2013 announced by the company, the revenue in the first half of this year has only completed 42.32% of the plan.

revenue and net profit all "fall". In the view of the company, all of the decline is due to poor retail stores and weak market consumption.

"although the profit is declining, the decline of its profits is due to the environmental impact of the industry. The men's clothing is still in the adjustment period.

At the present stage, the situation of men's wear is even more serious than that of women's clothing and men's clothing.

Xiong Xiaokun, a light industry researcher at CIC, said in an interview with reporters.

the research report released by Shenyin and Wanguo said that the overall consumption in 2013 was in the doldrums, men's clothing prices were slowing down, and shops showed a net downward trend. In the first half of the year, the number of net shops decreased by 59, and some of the terminal shops were under pressure.

report shows that at the end of the reporting period, the number of sales terminals of the company was 3205, and the number of terminals decreased by 59. The main reason was that domestic terminal consumption continued to slump. In order to control operational risks, the company slowed down the progress of opening stores and closed some of the sales terminals with poor efficiency.

9 Mu Wang disclosed that the revenue of the traditional core products of men's trousers and jacket has declined for the first time in recent years, but the company is still making further breakthroughs in other products, hoping to achieve new growth in a new direction.

During the reporting period, sales of T-shirts increased by 15.30% over the same period last year, the fastest growing category of companies.

it is worth mentioning that when the main business was weak, the king of nine fell in love with the investment and financial products.

Since last April, nine Mu Wang has bought more than 50 bank financial products.

According to public information, in the first half of this year, nine Mu Wang accumulated a total of about 1 billion 112 million yuan, of which 355 million yuan was purchased for financial products, accounting for more than 30%.

"when the industry is in a recession, the investment bank may get more and more vulnerable, rather than buy financial products."

An analyst said.

although in the first half of 2013, nine Mu Wang earned 1 billion 164 million yuan and completed only 42.32% of the annual income plan.

However, has confidence that its 2013 performance will continue to grow. The announcement indicates that the planned net growth terminal 60~100 of 2013 will achieve a sales income of 2 billion 750 million yuan, an increase of 5.77% over the 2012 year.

however, the company said: "if the domestic macro-economic growth rate continues to decline in the second half of the year, the terminal consumption will continue to slump, which will increase the uncertainty of the company's 2013 business plan."

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a href= < http://sjfzxm.com/news/index_s.asp > inventory < /a > pressure below peer > /strong > /p >

"at present, the biggest focus of the performance of the king is mainly in its direct inventory control, leading in the industry.

At present, the clothing industry is facing major difficulties. High inventory is a common problem for enterprises.

But the burden of inventory is relatively small.

Xiong Xiaokun said.

data show that the inventory of this year's report was 588 million yuan. In the same period last year, the number of stocks in the company was 620 million yuan, while the inventory in the beginning of this year was 650 million yuan.

In addition, the inventory turnover in the first half of the year was 226 days, a slight decrease compared with the 239 days in the same period last year, indicating that the company's inventory control is in good condition.

at the same time, the turnover days of accounts receivable increased by almost double the same period last year, from 22 days to 39 days, mainly due to the further increase of the company's credit to franchisees.

from the listed companies that have announced the China Daily, some social security funds have appeared in the top ten tradable shareholders of some companies.

From the perspective of the purchase preference of social security funds, the leading companies in the industry generally prefer stable performance, and valuation is also an important index for social security funds.

however, there are not many companies holding up four social security funds like King Mu.

As of the first half of this year, the 109 social insurance portfolios held 3 million 550 thousand shares, accounting for 2.85% of the shares in circulation, the second largest tradable shareholders of the company; 3 million 74 thousand and 400 of the 418 social security portfolios, accounting for 2.47% of the total share capital of the company, and the third largest shareholder of the company. The social security account also held 558 thousand and 600 shares in the two quarter of this year.

Social Security 417 group is in the two quarter of this year, the new ten largest tradable shareholders of the company entered into a total of 1 million 847 thousand and 100 shares, accounting for 1.48% of the total share capital, and the fourth largest shareholder of the company.

114 portfolios of social security hold 1 million 319 thousand and 400 shares, accounting for 1.06% of circulating capital stock, and sixth largest tradable shareholders.

Wind statistics show that up to August 16th, a total of only 4 companies were held by social security funds. Besides the king of nine herd, they also included China chemical, Hua Ren pharmaceutical and AOKANG international.

9 Mu Wang, China chemical and AOKANG international share price has been declining for a long time, and TTM has remained at a low level, 11.6 times, 12.2 times and 12.1 times respectively.

By contrast, the price earnings ratio of Hua Ren pharmaceutical company is slightly higher, 41.9 times.

in fact, the textile and garment sector has rebounded recently, and the stock prices of many listed companies have been rebounded recently.

From the perspective of the social security zore roadmap, it also has considerable interest in textile and apparel companies that underestimate the value.

In addition to the nine herdmen, the social security fund also bought some textile and garment companies in the first half of the year.