Intensive Clothing Supply Chain Finance Busen Shares Prospects For Future

(Stock Code: 002569) issued a notice some time ago, "

The new development strategy of "new retail + new chain fusion" is committed to "becoming the world's leading fashion industry and the new development of supply chain finance technology application integration".

How will Busen move towards this goal?

For more than 80 textile and garment industry suppliers and potential partners from Zhejiang, Jiangsu, Fujian, Guangzhou and other places, we vigorously promote Busen's supply chain finance brand.

Reporters linked Busen shares to understand the specific circumstances.

It is revealed that this conference aims to invite partners, gather high-quality resources, and achieve strategic synergy with quality chain partners.

Busen said: it is aiming to win the leading position in the supply chain finance of Zhejiang garment industry.

"At present, clothing consumption is changing to the direction of fast fashion, individuation and intellectualization. To keep pace with the times, garment enterprises must solve the problem of how to innovate the way of industrial organization and business mode innovation through supply chain innovation.

Busen will rely on its strong financial strength and talents, technology and management advantages to introduce domestic first-class information technology enterprises as partners to build Busen's big data resource advantages, vigorously develop garment supply chain finance, and finance technology innovation for Busen's brand upgrading and main industry development.

Chen Jianfei, chairman of Busen group and Busen general manager, said.

Recently, the national high frequency release

The relevant encouraging policies, such as: in August 2017, the Ministry of Commerce and the Ministry of Finance jointly issued the notice on carrying out the construction of supply chain system; in addition, the supply chain management service industry was added to the GB/T4754-2017 formally implemented in October 1, 2017; in October 2017, the general office of the State Council issued the "guidance of the general office of the State Council on actively promoting the innovation and application of supply chain" (State Office [2017] 84), pointing out: "actively and steadily develop the supply chain finance."

Promote supply chain finance services to the real economy.

With the landing of the national series of regulations and incentives, 2018 is the first year of the supply chain finance standard development.

Busen shares took the lead. In December 2017, it invested 100 million yuan to set up a supply chain management (Zhuji) Limited company in the field of supply chain finance.

Subsequently, due to the fine division of supply chain functions, Busen re injected 100 million yuan at the beginning of this year to set up the supply chain management (Zhuji) Limited.

The former is responsible for the construction of the supply chain finance system and related systems, and participates in the supply chain product services such as collecting and collecting products, while the latter participates in all kinds of supply chain product services in the form of non trade.

"The listed companies have entrusted the supply chain management company with the mission of industrial integration, industrial collaboration, and increasing revenue and expenditure. Through the efforts of more than 8 months, we have formed a fixed product and service mode. At the same time, we are striving to build relevant software systems and strive to implement the software system by the end of this year."

Luo Hongping, President of the new chain of Busen shares, President of supply chain management company.

At present, the two companies are still in the initial stage, and their businesses are not yet fully developed. But in the first half of this year, the two companies have achieved a good start, and have worked with many well-known enterprises in the industry, putting together nearly 50 million yuan supply chain projects.

In the future, Busen will mainly provide financial services to business partners in the textile and garment industry, giving energy to the development of the main business and the development of new retail stores in the future.

"The development of our main business, whether it is brand upgrading or category development, is always inseparable from the integration of resources in the industrial supply chain. Our supply chain financial services will not only provide the necessary financial support for the supply chain partners, but also provide some trading structure design and provide strategic support."

Luo Hongping said.

The short product cycle and large seasonal fluctuation result in the backlog of inventory and the slow flow of funds in small and medium-sized textile and garment enterprises.

At the same time, the clothing industry is considered to be a low profit labor intensive industry, and small and medium-sized textile and garment enterprises are hard to get the favor of investment institutions.

Based on this situation, Busen is committed to making capital blood flow to supply chain entities in a low cost and precise way through financial innovation, thus forming a positive cycling financial ecosystem.

According to the refined data model, Busen will grasp the operation and profitability of the financing enterprises in real time, and truly realize quantitative credit, so that garment supply chain finance can get rid of the traditional wind control means such as mortgage and guarantee, and build a garment industry chain ecosystem with a combination of industry and finance, and win win development. It will boost industrial pformation and upgrading and supply side reform.

The advantages of supply chain finance emerged in the case of an order financing case completed by Busen supply chain not long ago. At that time, a private enterprise bid for a clothing order of a state-owned listed company. The private enterprise had more than 200 yuan of its own capital. However, the project needed to invest about 1 million 300 thousand yuan in the guarantee fee, 300 yuan in raw material procurement, plus processing fees, etc. the whole project needed nearly 10 million yuan of operating capital, and the private enterprise financing gap reached 8 million yuan.

If an enterprise orders a bank or other financial institution through order, because the enterprise assets are few, the bank credit line can not meet the project demand.

Busen uses its own industry's digestion capability to build the corresponding financial service model, quickly passed the tune, and launched the first payment to the enterprise within 5 days, and put in operation funds through industrial coordination to ensure that the enterprise successfully completed the project and realized the industry's multi win.

The core attraction of industrial supply chain finance is that it is an industrial integration channel, which has natural advantages in optimizing resource allocation and reducing the operation cost of a single enterprise. It is flexible enough to meet the individual needs of each participant and bring returns to the participants far beyond the single dimensional business model.

Luo Hongping introduced.

After a long period of accumulation, Busen has full talent, technology and management advantages in supply chain financial services, and has strong product design capabilities. It can provide customers with a full set of solutions based on personalized needs, and avoid risks from the design of product structure.

It is worth mentioning that Busen relies on its own funds to develop the supply chain finance business without the need for bank lending, which is different from the "drum beating" mode adopted by many core enterprises of supply chain finance, which has more advantages in financial cost and decision-making efficiency.

Busen said: we hope that suppliers will have enough confidence to carry out in-depth strategic cooperation with Busen and create a new situation of supply chain cooperation, win-win cooperation and development through financial science and technology, so that every participant can get tangible benefits.