Garment Enterprises In 2014: Thrilling And Confused

< p > recently, the road of IPO of textile and garment enterprises is changing. According to the change of the audit status of the first audit companies released by the SFC, 597 of the 637 first round enterprises that were accepted and pre disclosed by the SFC were not. Of these enterprises, there were 589 enterprises that stopped censorship. < /p >
< p > in other words, over 90% of the pre disclosure enterprises that submit the listed materials are in a state of "suspension review". Among them, the number of enterprises in textile shoes and clothing (including chemical fiber, fur products and textile sewing equipment enterprises) has increased to 25, accounting for 3.92% of the total number of queuing enterprises in two cities, IPO. < /p >
< < p > and in the Zhejiang Securities Regulatory Commission's "list of the basic information on the suspension of examination and termination of the examination of the initial public offerings issued by the Ministry of supervision", the nine companies of silver textile, small pig banner, Weis man, border town sports, delhui, Xuchang Hengyuan hair products, Taihua new material, AB group and Eagle Xiang Chemical Fiber Company have terminated the examination, and the IPO process has stopped abruptly. < /p >
< p > < strong > financial data expired < /strong > < /p >
< p > < strong > stop < a href= "http://www.91se91.com/news/index_c.asp > > censor < /a >" fixed action "< /strong > /p >
< p > according to the securities and Futures Commission, only one Jordan sports company has been in the textile and footwear industry. However, due to the trademark lawsuit against American basketball star Jordan, up to now, Jordan sports has not yet been able to sign up for two years. < /p >
There are 5 textile and clothing enterprises in 25 submitting applications for listing, namely Zhejiang new Australia textile (main knitting yarn, wool strip processing and dyeing), Jiangsu Dan Mao textile (main wool dyed, recombing, weaving and dyeing and finishing), Jiangsu Shenli Industrial (main outdoor leisure wear fabric), Zhejiang Taiwan China New material (Main nylon fabric), and Hua Mao (Xiamen) new material technology (main industrial textiles, including automobile airbag cloth, clip net cloth, sailboat cloth, bulletproof cloth, etc.), Zhejiang and Jiang Yinyu textile (main adhesive lining material, base cloth). < /p >
< p > there are 4 women's clothing enterprises. They are Nanjing Vigna S fashion, Xiamen, Xiamen, Shenzhen, Shenzhen, Zhuhai, South Korea, and costumes. There are 1 Golf and casual wear enterprises, including the clothing of the company (including some women's clothing business); 2 sporting goods enterprises, respectively, Jordan sports and del Hui; 3 men and women leather shoes enterprises, Zhejiang Red Dragonfly shoe industry, Hasen trade (China), Guangzhou Tian Chong fashion shoe industry (Jie Wenmao), outdoor goods enterprises 1, Nanjing border town sports goods, 1 traditional underwear enterprises, Jiangsu AB group. < /p >
< p > besides, there are 1 home textile enterprises, 2 for home textiles in Hunan, 2 for women and baby products, 1 for ladies and children, and 1 for knitting, 2 for chemical enterprises, 1 for textile machinery and textile equipment, 1 for export and 1 for Xuchang Hengyuan. < /p >
< < p > and the 15 textile and footwear enterprises that have suspended the review, in accordance with the issuance supervision question and answer about the suspension examination of initial public offerings issued by the SFC, are due to the incomplete application documents, which leads to the failure of the audit process. < /p >
< p > in fact, the main reason why the application documents are not complete at present is that the financial data exceed the validity period and suspend the examination. < /p >
< p > the SFC said that after the issuer restores the financial information, he will resume the queuing audit according to the procedures. It can be said that these enterprises will not pose a big problem. < /p >
< p > the root cause of this phenomenon lies in the "barrier lake" which is currently listed on A shares. According to the arrangement of the SFC, from June to the end of the year, it is expected that 100 companies will be issued, that is, no more than 15 companies will be listed on a monthly basis. Most companies need to continue to line up for the next year or the following year. < /p >
The waiting for several years of < p > has led many IPO companies to face the problem of overdue data and frequently making up financial information after pre disclosure. Therefore, the suspension of the review is likely to become a "fixed action" for the textile shoe and clothing enterprises queuing up. < /p >
< p > < strong > > a href= "http://www.91se91.com/news/index_c.asp" > SFC < /a > "stop" < /strong > /p >
< p > < strong > the embarrassment < /strong > /p > being terminated.
< p > for textile enterprises suspended due to overdue financial data, their hopes for listing are still there. For enterprises that have been halted by the SFC and terminated the examination, the < a href= "http://www.91se91.com/news/index_c.asp" A share market < /a > is not expected. < /p >
< p > data show that Zhejiang silver textile, piglet, Wyman, border town sports, delhui, Xuchang Hengyuan hair products, Taihua new materials, AB group and Eagle Xiang Chemical fiber 9 companies have terminated the examination, most of these enterprises are garment manufacturing and upstream textile enterprises. < /p >
This is the second time that P, the women's clothing company, has been sprinting IPO. The first day before receiving the examination and approval of the issuance examination committee, the SFC announced that there were still other related matters needed to be further implemented and decided to cancel the audit. From the perspective of public information, it has been exposed that the quality of products is not up to standard and the large number of affiliate companies quit. < /p >
< p > there is no coincidence that in the enterprises that have stopped censorship, children's clothing brand pig pig has also been exposed to quality problems many times before. In May 2011, the sampling results of Xi'an Quality Supervision Bureau showed that nearly 20% of local children's clothing had quality problems. In the two quarter of the same year, in the sampling inspection of the Wuhan Bureau of industry and commerce, the children's round neck short sleeved knitted sweater was also found to be unqualified. < /p >
< p > in addition, sports shoes and clothing enterprises, such as del Hui, have launched IPO almost simultaneously with the great bird and Jordan sports, but the fate is quite different. With the increasing pressure of the macro-economy, the financing gap of the textile and footwear enterprises is getting bigger and bigger. Capital has become a stumbling block for the development of these enterprises. < /p >
P has been terminated and has to find other financing channels. For enterprises, when the A share financing channel fails, most of them will choose Hong Kong stocks to go public. < /p >