Seven Wolves Semir First Quarter Loss Clothing Industry 1-2 Month Revenue Decline

Recently, a number of clothing listed companies are running cold. According to the latest clothing industry data released by the Ministry of industry in 2020, 1-2 of the business revenue fell by nearly 30% over the same period last year.

The net profit of the seven wolves was 48 million yuan in the first quarter of this year. In April 14th, the results showed that the first quarter net profit of the seven wolves would be 37 million to 48 million yuan, which was 91 million 650 thousand yuan in the same period last year. Seven wolves said that the first quarter of 2020 was affected by the new crown pneumonia epidemic. Shopping hours in shopping malls and shopping centers all over the country were generally postponed, the consumption terminals stagnated, and the seven wolves and upstream and downstream enterprises resumed their work delays, leading to a sharp decrease in operating income in the first quarter of 2020 and a corresponding decrease in profits.

Semir apparel is expected to drop by more than 90% in the first quarter. In April 14th, Semir apparel expects to earn 15 million yuan to 22 million yuan in the first quarter of 2020, down by 93.66%-95.68% compared with the same period last year. Due to the impact of the new crown pneumonia epidemic at home and abroad, the company's first quarter revenue is expected to be reduced by more than 30% from the same period last year, while domestic business profits have declined, and the French Kidiliz group has increased its losses.

Net red company's net loss in the first quarter of was between 3700 and 50 million yuan, a net profit of 21 million 382 thousand and 700 yuan in the same period last year.

Smith Barney lost 779 million yuan in 2019. According to the latest performance Bulletin of 2019, the annual operating income of the company was 8 billion 482 million yuan, down 28.59% compared to the same period last year, and net profit of -7.79 billion yuan, down 1521.48% compared with the same period last year. Mei Bang clothing said that the factors that affect the whole year's performance are: affected by the factors of spring and summer commodity delivery, resulting in the new product listing postponed in spring and summer in 2019, which failed to meet the market demand in time, and the performance was negatively affected.

The net profit of urban beauty in 2019 is -12.98 billion. The urban beauty of Listed Companies in 2019 achieved operating income of 4 billion 82 million, down 19.91% compared to the same period last year. Net profit attributable to shareholders of the parent company was -12.98 billion, down 443.13% compared with the same period last year, and gross profit margin decreased from 41.7% in 2018 to 22.6%, almost cutting back.

In the 1-2 months, the business income of garment industry was 28.14% lower than that of the previous year. According to the press enquiries of the Chinese business daily, according to the economic operation of the national garment industry released in 2020, according to the website released by the Ministry of industry and commerce, in the 1-2 month, the apparel industry above designated size enterprises completed 2 billion 512 million garment production, a decrease of 36.61% compared to the same period last year, and achieved a total operating income of 148 billion 791 million yuan, down 28.14% from the same period last year. The total profit was 5 billion 496 million yuan, down 42.14% from the same period last year; 1-2. Operating profit margin was 3.69%, down 0.89 percentage points over the same period last year.

In 1-2 months, the retail sales of clothing products above the quota reached 110 billion 300 million yuan, down 33.2% from the same period last year. In 1-2 months, China's apparel and accessories exports totaled 16 billion 62 million US dollars, down 20% from the same period last year.

Enterprises that cannot be quickly adjusted will face a crisis.

A number of companies have reported in the report that the main reason for the first quarter losses is the sharp decline in revenues caused by the new crown. The high dependence on offline channels still weakens its ability to resist external risks, although in order to increase revenue, they have tried online channels during the epidemic. Xi'an financial commentator Wang Jianhong analysis, market changes put forward new requirements for garment enterprises, enterprises that can adapt to change can continue to operate, and enterprises that cannot be quickly adjusted will face crisis or even be eliminated.