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There are 431 stores in two years, and half a year net profit has dropped by 70%.
From: Guangdong bravebull intelligent cutting technology co., LTD Post date: 2018-09-20


In the first half of 2018, Guiren Bird Company Limited (603555, hereinafter referred to as "Guiren Bird") released its financial report. The results showed that the revenue of Guiren Bird in the first half of the year was 1.536 billion yuan, down 2.67% compared with the same period last year; the income of net profit was 0.3442 billion yuan, down 73.51%; the income of non-net profit was 0.30 billion yuan, down 71.57%. .
On September 12, a reporter from the Yangtze River Business Daily sent an interview letter to the bird of honor on its future layout, and no reply was received as of the time of publication.
In addition, in recent two years, the poor birds have ushered in "closing shop tides". In 2017, Guirenbi shares opened 503 new retail terminals, closed 879 retail terminals and closed 376 net, equivalent to an average of less than a day of net closure of a store. In the first quarter of 2018, there were 78 new retail outlets and 133 retail outlets were closed.

Weak performance, net profit fell 74%
In the first half of 2018, Guiren Bird reported a 2.67% decrease in revenue of 1.536 billion yuan, a 73.51% decrease in net income of 344.42 billion yuan and a 71.57% decrease in non-net profit of 0.30 billion yuan.
In fact, net profit has been declining since 2016, and the decline in net profit has widened again in the middle of this year. In mid-2016, net attributive profit of the bird dropped 9.9% to 157 million yuan, while net non-net profit declined 1.12% to 157.4 million yuan. In mid-2017, net attributive profit declined 17.26% to 129.9 million yuan, and net non-net profit declined 32.5% to 106.3 million yuan.
Cheng Weixiong, general manager of Shanghai Liangqi Brand Management Co., Ltd, said in an interview with Changjiang Business Daily: "It is normal for both revenue and net profit to decline. After the listing of the noble birds, the normal investment and transformation and upgrading of the main business were neglected. Instead, the capital operation of the pan-sports industry with insufficient professional ability was emphasized." In addition, a large number of non-principal capitalization operations, from the input time, timing, output and the main industry differences do not look very helpful.


On average, close a store every day.


In fact, the narrowing of pluralism has been an early move. In early 2015, the company announced that the company became the second largest shareholder of tiger sports. In 2016, the bird invested in Spanish football brokerage company, the United States basketball equipment brand AND1 exclusive rights in Greater China, the holding line of off-line retail channel merchants and famous shoe warehouse network technology Co., Ltd. In 2016, Guirenbi acquired 100% ownership of Welsh Fitness, the parent company of Welsh Fitness.
After a series of mergers and acquisitions, nobody's performance seems to have grown substantially. This kind of "capital flow" style of capital plays a heavier burden on enterprises. The gearing ratio increased from 46.84% in 2014 to 65.96%. Meanwhile, its controlling shareholder, Guiren Bird Group (Hong Kong) Limited, holds 96.93% of its shares and 76.22% of its total capital stock.
In addition, in recent two years, the poor birds have ushered in "closing shop tides". In 2017, Guirenbi shares opened 503 new retail terminals, closed 879 retail terminals and closed 376 net, equivalent to an average of less than a day of net closure of a store. In the first quarter of 2018, there were 78 new retail outlets and 133 retail outlets were closed.
In Cheng Weixiong's view, the diversification of noble birds is the integration of all-round sports industry across the border Utopia, "and stripping off bad business, gathering resources to return to noble birds, there will be new opportunities."

本文来源于网络,由 纸箱切割机打样切割机 拓荒牛整理发布 

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