He Decided To Charge 844 Million Of The Assets Of Real Estate, Shops And Land To The Agricultural Bank.

Limited by Share Ltd in June 8th announced that according to the needs of business development, in order to meet the needs of funds, the company applied for a comprehensive credit to the Dongguan branch of the Agricultural Development Bank of China, taking part of its own houses, buildings, shops and land as collateral. The final credit limit and time limit shall be subject to bank approval.

Reporters learned from the announcement that the assets searched for the mortgage are as follows:

Search special said that the mortgage assets to the bank to apply for comprehensive credit, in order to meet the company's financing needs, and optimize the company's cash assets, broaden the financing channels, reduce the impact of bank credit policy changes on the company.

In addition, search also announced that the company will convene the third provisional shareholders' meeting on 2020, 6, 24, when the following items will be considered.

1. The motion on expanding the scope of the company's business.

2. The motion to amend the articles of association shall be adopted by the shareholders' meeting with a special resolution.

3. The motion to amend the measures for the management of company raised funds.

Public information shows that the search started with the design and sale of the "frontline" youth casual wear. Since 2015, it has been carrying out strategic transformation since 2015. It has entered the supply chain management and brand management business, especially the supply chain management business. In recent years, it has been developing rapidly, and directly led to the total revenue scale spanning from 1 billion 983 million yuan in 2015 to 18 billion 494 million yuan in 2018, which has increased 9 times in the past two years. Many,

According to the financial report, in the first quarter of 2020, the search company achieved 1 billion 350 million yuan in operating income, down 57.92% compared with the same period last year, and the net profit attributable to shareholders of listed companies was -7403 million yuan, down 169.32% compared with the same period last year. Basic earnings per share -0.02 yuan.

After the outbreak of the outbreak, the company joined the production masks. In February 11th, he set up a wholly-owned subsidiary of Dongguan search special medical supplies Co., Ltd. with a total investment of 200 million yuan. As of May 21st, the company's wholly-owned subsidiary, medical supplies company, actually ordered 108 sets of cover machines, including 47 flat mask machines (including 6 children's mask machines and disposable medical masks). Machine (compatible with child mask production) 41 sets, 61 KN95 respirator machines. At present, it has arrived and has put into production 82 units, including 36 flat respirator machines (including 6 children respirator machines, 30 disposable disposable medical mask machines (compatible with child masks), and 46 KN95 respirator machines.

Search for the special side said that at present, medical supplies company masks daily output of 250-300 million, the market sales of government departments and domestic markets, but not yet exported.

Public information shows that the search started with the design and sale of the "frontline" youth casual wear. Since 2015, it has been carrying out strategic transformation since 2015. It has entered the supply chain management and brand management business, especially the supply chain management business. In recent years, it has been developing rapidly, and directly led to the total revenue scale spanning from 1 billion 983 million yuan in 2015 to 18 billion 494 million yuan in 2018, which has increased 9 times in the past two years. Many.

According to the 2019 earnings report, the search business achieved 12 billion 964 million yuan in revenue, down 29.99% from the same period last year, and realized operating profit of 430 million yuan, down 32.50% compared with the same period last year. The total profit realized was 431 million yuan, down 32.36% compared to the same period last year. The net profit attributable to shareholders of listed companies was 317 million yuan, down 14.12% from the same period last year.

In the first quarter of 2020, the search business achieved a profit of 1 billion 350 million yuan, down 57.92% compared with the same period last year. The net profit attributable to shareholders of listed companies was -7403 yuan, down 169.32% compared with the same period last year. Basic earnings per share -0.02 yuan.

Everbright Securities analyst Li Jie said earlier that since the three quarter of 2018, the search for special business income continued to decline, mainly in the context of terminal retail weakness. Sales of major businesses such as supply chain management, brand management and brand clothing were all under pressure. The supply chain management and brand management subsidiaries in 2019 decreased by 29.37% and 7.43% respectively. The proportion of imports and exports increased by 84% and 15% respectively, and net profit decreased by 70.38% and 50% respectively. According to the category, the income of materials and garments respectively accounted for 82% and 11% in 2019.

From the quarterly performance, the Shaoxing holding company, a large holding subsidiary, lost its controlling stake and shareholdings from 51% to 49% in October 2018. It turned to be a joint venture. The first half of the year was 2019. The decline in income and profit was relatively large. In the second half of 2019, the elimination of the table effect and the decline in the year-on-year income were improved, but in the first quarter of 2020, the income from the epidemic dropped again.

Li Jie thinks: in the short term, the pressure of special performance is still in store. The textile and garment industry, especially the upstream textile manufacturing industry, which is located in the supply chain management business of the company, is affected by the epidemic situation at home and abroad. The pressure on the demand side is bigger, and the price of cotton and cotton yarn continuously falling down on the raw materials can bring adverse effects to the company's supply chain management and other industrial chain, turnover and cash flow. Pressure is on all sides. In addition, the weak domestic consumption environment also affected the company's brand apparel business.

Yao Jiajie, an analyst at Huaxin securities, judged that with the spread of the new crown epidemic in foreign countries, the global commerce and retail industry has been greatly affected. Despite the growing scale of online retailing and the negative impact of the global economic slowdown on the disposable income of consumers, Yao Jiajie expects that the overall order of textile and garment enterprises will decline, and the upstream supply chain will also be affected. At present, the price of raw materials in the upstream is stable and the demand for falling demand is decreasing.