2011, What Is The Weakness Of The Market?

How big the heart is and how big the stage is.

According to the latest statistics of CAI Hui, the total amount of A shares actually raised in 2011 was 642 billion 535 million yuan, a decrease of 33 million 420 thousand and 300 yuan compared with 2010, a decrease of 34.22% compared with the same period in 2010, while the total textile and garment sector actually raised 11 billion 404 million yuan, representing a decrease of 5 billion 464 million yuan and a decrease of 32.39%.

"Seven warriors" bear market does not change the rhythm of IPO

Statistics show that in the textile and garment industry, there were 7 companies that passed IPO in 2011, together with a total of 10 billion 736 million yuan, while in 2010, 11 companies IPO raised 12 billion 882 million yuan.

That is to say, in this year's bear market, the IPO raised by textile and clothing only decreased by 16.66% compared to the same period last year.

Semir Costumes: slowdown in fund-raising expansion

Semir costumes issued 70 million shares in March 20th and listed on the Shenzhen Stock Exchange. After the issuance, the total share capital was 670 million shares, and the plan for raising funds was 1 billion 800 million yuan for marketing network construction, 256 million yuan for information construction, and 63 new shops were planned. Among them, Semir brand stores were 34, and balbala brand stores were 29, including two types of Direct stores and cooperative franchisees. IPO

It is worth noting that in the increasingly fierce competition in the industry, the growth pressure of Semir clothing on a large volume basis has gradually increased, the speed of the extension of the channel has slowed down, and the proportion of the period after the listing has increased significantly. Some companies expect the overall performance of the 2011 Report to be lower than the income growth.

Busen shares: fund-raising project urges high growth

Busen shares issued 23 million 340 thousand shares in March 30th. The main fundraising funds were invested in the marketing network construction project, the annual production of 400 thousand middle and high grade jacket production lines, the addition of 100 thousand sets of high-grade mid garment production line technical pformation projects, and the brand design and R & D Center technical pformation project.

Fortunately, the fund-raising has pushed the company's performance to grow.

After this IPO, the company will raise funds of 120 million yuan for 26 direct store construction, change the business pattern of outsourcing, and add 100 thousand new sets of high quality Western-style clothing production line technical pformation projects. The company will have 400 thousand sets of high-end suits, and the production capacity of 400 thousand middle and high grade jacket production lines will reach 400 thousand.

Therefore, after the IPO, the company entered a new growth journey.

Lukang science and technology: the two financing aims at alleviating the dilemma.

Lukang science and technology IPO issued 53 million shares in May 17th and listed on the Shanghai Stock Exchange. The net amount actually raised was 482 million yuan.

As of June 30, 2011, the total investment of the company's total investment projects was 48 million 442 thousand and 800 yuan, and the idle capital was supplemented by 45 million yuan of liquid capital, and the over raised fund paid 201 million yuan for bank loans and the book balance was 187 million 550 thousand and 200 yuan.

In October 25th, the board of directors of the company decided to issue corporate bonds of no more than 400 million yuan. In December 22nd, the refinancing scheme was approved by the securities and Futures Commission of the SFC.

The proceeds from the issuance of corporate bonds are intended to supplement liquidity, repay corporate debts and adjust the liabilities structure.

Obviously, the two companies focus on financing to alleviate the financial difficulties.

King of nine: raising funds to diversify

In May 18th, IPO issued 120 million shares and listed on the Shanghai Stock Exchange. The net amount actually raised was 2 billion 553 million yuan.

The offering funds will mainly be invested in marketing network construction projects, supply chain system optimization and upgrading projects, information system upgrading projects, and design and research center construction projects. The implementation of the project can speed up response, expand the capacity of core commodities, reduce logistics costs, improve operational efficiency and R & D design strength.

But the author noted that the nine Mu Wang raised money to diversify.

First of all, 251 million yuan to raise funds to replace pre invested funds, after the proposed cycle of not more than 400 million yuan to buy financial products, as well as the completion of the subsidiary company nine Mu Wang investment increased by 240 million yuan, completed the wholly-owned subsidiary of Mars company to increase the amount of 30 million yuan.

Long Zi shares: heavy gold to create brand myth

In August 19th, IPO released 50 million shares and listed on the Shenzhen Stock Exchange. The net amount actually raised was 1 billion 750 million yuan.

The company's fund-raising funds are mainly used for the construction of network marketing and the expansion of Beijing production base. I believe that in the future, the brand effect of the company will be further improved with the combination of clear and effective high-end brand management and rich high-end channel management.

Orient Securities believes that the multi brand cross regional development of the group, the rapid growth of high-end women's clothing can be expected, and the net profit growth rate will be 48% in the next three years.

Bar Jie shares: solve the bottleneck of capacity development

Jie Jie shares issued 16 million 700 thousand shares in November 25th, and the net amount actually raised was 302 million yuan IPO.

On the one hand, after the implementation of the project, the expansion of the existing capacity of the company has solved the development bottleneck caused by insufficient capacity, especially improving the supply capability of the high-end products of the company, which is conducive to further expanding the share of the international first-line brand market; on the other hand, it is conducive to bringing the effect of scale production into play and promoting the overall economic efficiency of the company.

The company plans to independently complete the dyeing process now completely outsourced within the next 2 to 3 years.

At present, the company has a high capacity utilization rate and a full order. The investment and extension of the seamless garment production line will reach an annual output of 2000.

The production capacity of 10000 high-grade seamless garments has increased 210 million yuan for the company's sales revenue.

CITIC Securities believes that the company has certain advantages in equipment, technology, customers, management and so on. In the future, it will seize the opportunity of industrial development to promote capacity expansion and mode upgrading.

Hundred round pants industry: sales expansion potential

The 100 round pants Industry issued 16 million 670 thousand shares in November 30th and listed on the Shenzhen Stock Exchange. The net amount actually raised was 430 million yuan in IPO.

The fund-raising project will build 220 outlets in Changsha, Zhengzhou, Hefei, Taiyuan, Nanjing, Nanning and other provincial capitals, and expand the marketing network scale of the two or three tier cities to fill gaps in some markets.

The project is fully released. It is estimated that the annual sales revenue will be 360 million 813 thousand and 700 yuan, which will become a strong support for the company's high growth.

China Merchants Securities believes that the three or four tier cities at the present stage are relatively well-off in terms of opening space and cost compared with the second tier cities. The company has certain channel advantages and has formed the basic pattern of national expansion.

Huatai Securities pointed out that the current provincial coverage rate of the company is 30%, the prefecture level city is 25.4%, and the county level city is 22.1%.

Refinancing shrinkage still "two tiger will"

Statistics show that in the textile and garment industry, there were 1 companies issuing and issuing shares in 2011, raising 668 million yuan in total, while in 2010, 5 companies received additional funds of 3 billion 986 million yuan.

That is to say, in this year's bear market, the scale of textile and clothing refinancing has dropped by 83.24% over the same period.

Cashmere industry: building the whole industry chain through capital

BOC cashmere industry announced in February 23rd that 29 million shares of non-public offering were listed on Shenzhen Stock Exchange.

The issue price is 10 yuan / share, and the total amount of the issue proceeds is 290 million yuan.

In November 23rd, cashmere company intends to distribute shares to all shareholders with no more than 3 shares per 10 shares and no more than 167 million shares, with a base of 556 million shares of the total share capital.

The rights issue is not more than 650 million yuan, of which 148 million yuan is invested in the "multi component special textile high-grade textile spinning technical pformation project". The remainder is used to repay bank short-term loans.

Some analysts believe that with the help of the capital market, the advantage of the cashmere cashmere industry chain is gradually improving and expanding, and has gained influential international brands and mature European sales network through overseas mergers and acquisitions.

If the rights issue is successful, it will play a positive role in improving the company's performance and further improving the industrial chain, and will also provide strong support for the development of the brand influence of Future Ltd cashmere products.

Weixing shares: two refinancing to boost performance

Weixing shares announced in March 2nd that the company completed 51 million 577 thousand shares (7.33 yuan / share) by placing 2.5 shares in 10 shares, and invested 366 million yuan to the company's laser engraving button technical pformation project, the company's high-end zipper technical pformation project, Shenzhen Lianxing Garment Accessories Co., Ltd. high quality button expansion project, and Shenzhen Lianxing Garment Accessories Co., Ltd. high-end zipper expansion project.

In October 18th, the shareholders' meeting agreed that the company issued 400 million yuan short-term financing coupons.

Affected by the downturn in the market, the company's performance in the first three quarters was not brilliant, and the growth rate of single quarter revenue slowed sharply in the three quarter.

The company's investment opportunities are mainly derived from the release of performance, but the expected improvement in the four quarter's performance is not strong.

It is recommended to wait for the investment opportunities brought about by the performance improvement next year after the mass production of the technology upgrading project.