Metersbonwe'S First ESOP "Clearance": 180 Million Yuan To Buy Two Years Or 50 Million Loss

In May 28th, the Shanghai Metersbonwe apparel Limited by Share Ltd announced that the company's first phase of the employee stock ownership plan was sold in May 27, 2020.

The announcement shows that as of July 26, 2018, the United States apparel (002269) the first phase of the employee stock ownership plan established by the "Warburg trust limited liability company - poly Xin 8 Securities Investment Trust Scheme" through the two market bidding transactions to buy a total of 58190814 shares of the company's stock, accounting for 2.32% of the total share capital of the company, the average transaction price is 3.13 yuan / share, the total amount of transactions 182 million yuan.

It is understood that after the expiration of the lock up period and the expiration of the plan, the twenty-first meeting of the Fourth Board of directors of the United States and the State Council examined and approved the motion on the renewal of the first phase of the employee stock ownership plan of the company, and agreed to extend the duration of this ESOP for 12 months to December 25, 2020.

The announcement shows that since December 30, 2019, the US state apparel ESOP shares have been reduced through centralized bidding. As of May 27, 2020, 58190814 of the 2.32% shares of the company's total share capital were sold out. According to the relevant provisions of the employee stock ownership plan, the subsequent liquidation and distribution of related assets will be carried out and the ESOP will be terminated.

By the end of May 27th, the price of Smith Barney apparel was only 2.04 yuan / share. During the reduction period, the price of Smith Barney apparel was 2.93 yuan / share, with a minimum price of 1.80 yuan / share, with an average price of 2.29 yuan / share during the period.

Compared with the average stock price of ESOP in July 2018, the price of Smith Barney apparel fell by 26.84%. Based on the average price reduction period, the US state apparel ESOP lost about 48 million 880 thousand yuan.

At the same time, Sohu financial found that in 2018 and 2019, the United States Bona dresses were not allowed to make cash dividends on the grounds of the existence of uncompensated losses.

It is reported that the United States Bon apparel performance in 2018 rebounded sharply, to achieve profitability. According to the 2018 financial report, the operating income of Smith Barney clothing in 2018 was 7 billion 677 million yuan, an increase of 18.62% over the same period last year, and net profit was 40 million 361 thousand and 600 yuan, an increase of 113.24% over the same period last year.

However, in 2019, the United States and the United States wore poor performance and sustained losses throughout the year.

According to the financial data, Smith Barney's revenue last year was 5 billion 463 million yuan, down 28.84% from the same period in 2018, and its net profit reached -8.25 billion yuan, a sharp fall of 2145.2%. At the end of the reporting period, the cash flow of Smith Barney clothing was only 117 million yuan, compared with 622 million yuan in the same period in 2018, a 81.25% drop.

In addition, Smith Barney said that in the first quarter of 2020, it was expected to lose 150 million -2.5 billion yuan.

In May 12th, the United States announced that it would increase the business scope of "e-commerce, daily masks (non medical), food business (only selling pre packaged food)", or layout masks.