The Joint-Stock Joint-Stock Joint-Stock Has Been Renamed Today. It Has Been Supplied To H&M, C&A And Other Big Brands All The Year Round.

Zhejiang Jie Jie digital knitwear Limited by Share Ltd (hereinafter referred to as "bar Jie stock") announced in the evening of May 9th that in order to further establish the brand image of the company, the company changed its name to "Zhejiang bar holding group Limited by Share Ltd".

However, the company changed its name only, the securities referred to as "bar shares" and the securities code "002634" remain unchanged.

Bar Jie shares said that according to the company's strategic planning and operational development needs, the company will continue to use the resources of the capital market to expand its business scope, improve the industrial chain, actively seek new profit growth points, and strive to develop into a comprehensive and group company.

According to public information, Jie Jie shares is a seamless garment manufacturer, such as underwear and sportswear. At present, the company has its own brand, such as "French poetry", "pill beauty" and "BAJ".

Over the years, the company has focused on the design, research and development, production and sales of seamless garments. It has strong R & D capability, large scale production capacity and fast delivery capability. It is a leader in seamless apparel industry in China, and is also one of the important suppliers and application developers in the seamless apparel industry chain.

After many years of sales channel operation, rod Jie shares with C&A (European famous clothing retail chain), LIDL (European large supermarket chain), ALDI (European large supermarket chain), PINK (American professional clothing retail chain), H&M (European professional clothing retail chain), Kik (European professional clothing retail chain) and other international high-end brands and foreign large retailers, buyers established long-term, good cooperation relationship, has many excellent customer resources.

According to the results of the report, in 2018, rod Jie shares achieved 420 million yuan in business revenue, down 4.3% compared to the same period last year, and net profit attributable to parent company was 18 million 150 thousand yuan, down 62.4% compared with the same period last year.

As of the end of the reporting period, we have a set of 379 sets of seamless knitting machines, more than 800 sets of sewing equipment and 3000 square meters of provincial high-tech enterprises research and development center, forming a product development system integrated with product proofing and sewing, which can help the international advanced CAD aided design system meet the special requirements of orders in delivery time.

At the same time, in December 2014, the company raised 140 million yuan by way of rights issue, of which 99 million 520 thousand yuan was planned for the "annual output of 2000 tons of nylon DTY and 1200 tons of coated yarn technical pformation project".

By the end of 2018, the company had invested 56 million 700 thousand yuan in the above projects and invested 57%.

Unexpectedly, the company announced the termination of the project.

Bar Jie shares said that due to the growth of consumer demand for textile and apparel products is not as expected, the prospect of the original stock raising fund-raising project is uncertain. If it continues to implement, it may face the problem of whether the new production can be effectively digested, and the efficiency of fund-raising is low.

In August 2018, it was decided to use the about 40000000 yuan capital of the project to be used for the expansion project of 7500 tons of garment products in Zhejiang Shan e knitting.

But financial reports show that the company will use the remaining fundraising to expand its apparel expansion projects, and has been in a state of deficit since 2014.

Bar Jie shares said that as a leading enterprise in the seamless garment industry and an important product supplier and application technology developer in the global seamless apparel industry chain, the company will continuously strengthen the core competitiveness of the company, seek new profit growth points in a timely manner, and actively respond to the challenges posed by uncertainties in macroeconomic operation, market environment and consumer demand changes, so as to achieve long-term development of enterprises.

In 2019, we will continue to adhere to the main business of seamless clothing while developing the strategic planning and business development needs. We will continue to use the resources of the capital market to expand our business scope, promote the work in the pformation process orderly, seek new profit growth points, and strive to develop into a comprehensive and group company.