Clear New Strategy Busen Shares Profit Growth In The First Quarter Of Double Growth

In textile and clothing

In the general downturn, the first quarter performance of Busen shares is undoubtedly a shot in the arm. It also gives the market more confidence in the performance of Busen shares after its restructuring.

In late May, Busen shares issued the first quarterly report for 2018 (hereinafter referred to as the report).

The report shows that Busen's first quarter operating income was 126040272.09 yuan, an increase of 55.75% over the same period last year, the largest increase since the company's listing.

At the same time, net profit attributable to shareholders of listed companies has also increased by 31.29% over the same period last year, which has also achieved the largest increase since the listing of companies.

In textile

In the general downturn of the industry, the first quarter performance of Busen shares is undoubtedly a shot in the arm. At the same time, it also strengthened the confidence of the market in the performance of Busen shares.

Clear new strategy, reorganize stop loss and achieve results

At the same time, Busen shares also issued the "reply to the Shenzhen stock exchange's annual bulletin of the 2017 annual bulletin" (hereinafter referred to as the announcement), from which we can find the answer to the growth of Busen shares in the first quarter.

Announcement shows that Busen shares this year clear the company's future development strategy, and Unifi Inc's future development direction.

A month ago, the announcement issued the company's strategic planning outline for the next five years (2018-2022 years).

In this outline, Busen shares its firm confidence and execution capability: the company plans to take the clothing and apparel business accumulated by Busen in the past thirty years as the starting point, make full use of the resources and competitive advantages accumulated by the apparel industry over the past thirty years, take the fashion dress as the core, vigorously layout the fashion industry, integrate new retail businesses, and vigorously develop the business of financial and technological solutions with the main direction of supply chain management, implement the strategy of "fashion industry's new retail + new chain integration", take the solid fashion industry as the foundation, and supply chain finance technology as the tool, actively explore the way of "integration of industry and finance", and make the company become the world's leading fashion industry and the 100 billion new economy of the supply chain finance technology application integration development.

In the case of clear strategy, Busen's management team has made many adjustments to internal management and operation.

It includes establishing 360VIP management system, carrying out deep marketing for members, expanding the joint store with the help of peer resources, rearranging the portraits of target customers and strictly following the work of satisfying the needs of target consumers.

At the same time, Busen shares are more scientific and reasonable in cost control, reducing unnecessary expenditures and optimizing channels.

A series of combined punches became the basis for a large number of indicators to achieve substantial growth in the first quarter.

Inject new blood and bring vitality to traditional industries

In addition to integrating the existing clothing business, the strength of the new business has also added another engine to Busen shares.

In the next five years' development plan, the company released the strategic direction of "fashion industry new retail + new chain fusion", which can not only give play to the traditional business and brand advantages of Busen stock, but also give play to its advantage of industrial integration capability as a leading industry, and revitalize the industry, enhance efficiency and profit by integrating new financial elements.

This strategy has been fully implemented in the past few months.

In November 30, 2017 and December 15th, Busen has set up two supply chain companies, namely, supply chain management (Zhuji) Co., Ltd. and Andrew Han time supply chain management (Zhuji) Co., Ltd., the former through supply chain financial services, to help enterprises revitalize their liquidity assets to solve their financing problems, the latter provides supply chain software system services and supply chain advisory services, and the two forces work together to provide the core enterprise with the overall supply chain solution.

This action is aimed at reforming the vitality of traditional industries. The announcement shows that, on the one hand, the development of supply chain companies can help listed companies to optimize and upgrade the industrial chain and integrate them, further reduce the procurement cost of main garment business, improve the operation efficiency of funds and other resources, and control the manufacturing cost reasonably. On the other hand, supply chain companies are also part of the overall industrial layout of the company, and share the customer resources and financing platform of the listed companies with the help of the existing platform, technology and talent resources of the listed companies, so as to develop new ones.

Developing opportunities to form a pattern of coordinated development of all sectors of the capital industry.

As of the date of the inquiry letter, the supply chain has already launched two supply chain operations, operating income of 26 million 978 thousand yuan, and is actively developing new businesses around garment and textile industries.