Men'S Brand, IPO, Net Profit Fell 35.29%

July 25th, Chengdu's leisure

The IPO application was submitted to the SFC this month. It intends to issue no more than 50 million shares in A shares, and plans to add 221 new stores and 20 strategic cooperative stores.

However, according to the figures in the prospectus, Ray Tibor's revenue and net profit fell sharply. Its operating income from 2013 to 2015 was 542 million 400 thousand yuan, 448 million 970 thousand yuan and 370 million 730 thousand yuan respectively, with net profit of 71 million 424 thousand and 400 yuan, 64 million 881 thousand and 200 yuan and 41 million 981 thousand and 900 yuan respectively, and two performance indicators showed a continuous downward trend for a continuous period of three years.

Ray Tibor attributed the decline in performance to the recession in recent years. The number of stores in 2014 and the end of 2015 decreased by 53 and 4 respectively compared with the end of last year.

In addition, Ray Tibor's three brand stocks are still large, leading to a decline in net profit.

At present, Ray Tibor owns four major clothing brands, namely "Raidy Boer", "GHILARO" and "Mesimia", and the Italy "Ferrante" brand, which has been authorized exclusively in mainland China, Hongkong and Macao.

Among them, "Raidy Boer" accounts for the largest proportion.

From the regional distribution, Ray Tibor's main sales area is concentrated in Southwest China, followed by East China and central China.

Only southwest accounted for 89%.

It is reported that the number of franchisees that account for 72.99% of the main revenue is 425, while that of self operated stores is only 91, accounting for 27.01% of the main revenue.

Ray Tibor said that after the completion of the fund-raising, it will increase the cooperation of the electronic business platform, so as to widen the channels for selling over season goods, and at the same time increase the maintenance and development efforts of VIP customers.