Will He Sell Or Rent 28 Shops And Real Estate, Will He Give Up Clothing Business In The Future?

On the evening of April 15th, he released the first quarter results in 2019, showing that business revenue increased by 424.5% over the same period last year, and operating costs increased by 482.22% over the same period last year.

Hinur said in the announcement that during the reporting period, the layout of the company's tourism business was initially formed, the scale of revenue grew rapidly, profitability improved steadily, and the company's comprehensive income continued to improve.

In February last year, he continued to find a new profit growth point after many years of loss. First, he changed the scope of the company's business, added cultural tourism, theatrical performances and other business, and then equipped with several senior executives with cultural backgrounds such as Wanda and Songcheng performing arts, and began to focus on developing cultural tourism.

Hinur's move has worked. In less than half a year, the company turned its profit into a profit by relying on the cultural tourism sector.

And this move to develop sideline outside the main garment industry has also provided a new way to turn losses into profits for other garment brands that have been losing money for years.

At the end of February, the 2018 annual earnings report of snore announced that its unaudited earnings in 2018 and net profit attributable to shareholders of listed companies were 1 billion 720 million yuan and 125 million yuan respectively, representing an increase of 122% and 114% respectively.

Obviously, in the first full financial year of the establishment of the tourism business sector, he has welcomed the explosive growth.

It will become the key to the rapid growth of our revenues and profits. In the future, he will take this opportunity to return to glory.

In addition to expanding the business of the tourism sector, he released a repurchase report last December.

The repurchase announcement said that the company would repurchase the shares of the company through centralized auction, and buy back shares or be used for employee equity incentive or ESOP.

As of March 31, 2019, no share repurchase has yet been taken.

It is noteworthy that in April 15th, Hinur also held the twenty-first meeting of the Fourth Board of directors to consider and adopt the "motion on continuing to adjust and optimize the marketing network". In 2019, according to the economic development and the business situation of different cities, the number of shops and real estate owned by the company and its subsidiary companies, not exceeding 28 yuan, and the original value of the book should not be more than 850 million yuan, sold or leased according to the fair price or assessment price of the market. The operation of the Licensing companies should be valid for one year.

During the reporting period, he has already rented 24 shops that have been purchased, improving the utilization rate of assets and optimizing the layout of online shops.

At present, the main business of the company is brand clothing and cultural tourism business, but according to the development and development of the two major plates, perhaps one day, the men's clothing will start to abandon the clothing industry.