Seven Wolves: Looking For New Profit Growth Points

In the first quarter of this year, the revenue of seven wolves was 638 million yuan, down 2.33% year on year; The net profit was 67896700 yuan, down 39.3% year on year. Due to the slowdown of sales growth, the book balance of the ending inventory balance of Seven Wolves last year totaled 1.111 billion yuan, up 18.82% year on year compared with 935 million yuan in 2013. Last year, the number of net closing stores of Seven Wolves reached 681.

In February this year, Seven Wolves announced that they planned to participate in the establishment of Qianhai Reinsurance Company. The company said that the purpose of participating in the establishment of reinsurance companies is to "optimize the company's business structure, enhance the company's comprehensive competitiveness, and create greater value for shareholders".

In March, Seven Wolf Group Finance Co., Ltd. was approved to open. Previously, the company announced that the establishment of the finance company is conducive to optimizing the allocation of funds, saving capital costs, improving the efficiency of capital utilization, further broadening the financing channels, producing the effect of combining industry and finance, and enhancing the overall anti risk ability of the clothing industry chain, which is in line with the company's strategic development requirements.

This month, Seven Wolves again appeared in the list of sponsors of Straits Life Insurance, and planned to invest 150 million yuan to obtain 10% of the shares.

However, many years ago, Seven Wolves was the "elder" in the field of financial investment, and had already established the development strategy of "clothing, real estate and investment", the "three carriages" driving hand in hand. stay A-share The main business of the listed Seven Wolf Industrial Co., Ltd. is clothing, while the controlling shareholder of Seven Wolf Industrial Co., Ltd. The main business direction of Seven Wolf Group is foreign equity investment and real estate projects. According to the 2014 annual report, the assets involved in Seven Wolf Group exceed 10 billion.

According to statistics, Seven Wolf Bank equity held by the Group mainly includes Industrial Bank, Everbright Bank, Chongqing Rural Commercial Bank, Chengdu Rural Commercial Bank, Jinjiang Rural Cooperative Bank, Xiamen Bank, etc. Securities equity is mainly concentrated in Zhongshan Securities, Guotai Jun'an, insurance equity is concentrated in Sunshine Insurance, and venture capital management equity is successively Shenzhen Innovation Investment, Seven Wolf Venture Capital, and Hongqiao Venture Capital, Other types of financial equity participation also include Huixin micro loan, Jinjiang guarantee, Borong pawn, Baiying financial leasing, etc.

When asked whether the company will investment Wu Xingqun, Deputy General Manager and Secretary of the Board of Directors of Fujian Seven Wolf Industrial Co., Ltd., denied that it was inclined. He said that clothing will still be the main business of the seven wolves, which is also the brand support of the seven wolves. It is the persistent ideal of the seven wolves to make the clothing business bigger and stronger and go international.

In view of this phenomenon, the insiders believe that under the influence of the external environment, when the main business is not strong, enterprises engage in diversified investment in order to find new profit points. In addition, with the development of the main business for many years, the profits of some companies have become stable. If you want to increase profits, you can only consider other businesses.