Hundred Round Pants Industry Half A Year'S Share Price Rose More Than 110%, Fundamentals Still Tend To Downstream Channels.

< p > < strong > 200 channel target is difficult to achieve < /strong > < /p >.

< p > Company insiders said on Wednesday that the company's channel plan is slowing down, and it is expected that channel targets will not be achieved during the year.

"The goal of setting up the channel at the beginning of the year is equal to last year, about 200 stores."

The person said, "in the first half of this year, the company's channel plan slowed down, and the target progress was not completed.

In the second half of the year, we maintained a prudent trend in the first half of the year, and we expect that the annual target of the channel can not be achieved.

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< p > because the domestic retail market is depressed, and the rental cost of shops continues to rise.

The expansion of 100 round pants industry is facing pressure, resulting in limited performance imagination space.

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< p > according to the 2013 semi annual report of 100 round pants industry, the company's revenue in the first half of this year was 189 million yuan, down 16.89% from the same period last year.

The company's short-term liabilities were 113 million, up 4.5% from the beginning of the year, and maintained high.

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< p > at present, the company's existing account capital of 215 million yuan, tight capital, will also lead to 100 billion round pants industry is difficult to expand a large area of channel expansion plan.

The company said that during the year, the main goal of the company was to maintain the old store and develop the new market.

Those people also said that the company had little room for short-term loans from banks.

"The company mainly collateralized each floor property of the headquarters office building as collateral for short-term loans."

The person said, "at present, the company's headquarters building has been fully mortgaged, the company lacks the assets to be mortgaged, and the short-term loan space of banks is limited, roughly between 1-1.3 billion yuan."

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< p > according to the 2013 semi annual report of 100 round pants industry, the company's short-term liabilities were 113 million, up 4.5% from the beginning of the year, maintaining high position.

In contrast, the company's revenue in the first half of the year was only 189 million yuan, down 16.89% compared to the same period last year.

The cash received from the sale of goods is only 177 million yuan.

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< p > < strong > the market questioned the performance of the 100 round pants industry and overly relied on the liquidity support provided by the bank's short-term loans < /strong > /p >

< p > this person said that the assets and liabilities ratio of 100 round pants industry is still good, resulting in high short-term liabilities and cash flow tensions, mainly due to the delay of downstream customers' repayment time, the market downturn, and the increase in the credit policy of the downstream franchisees.

The source said recently, a number of brokerages contacted the company to discuss financing options.

But at present, the company has not decided to do so because of the conditions of the parties.

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Less than P, the 100 round pants industry, which lacked good performance, rose more than 110% in the first half of this year.

Market rumors, 100 round pants industry benefit from the Shanxi plate effect, the future may have policies, assets injection and reorganization and other favorable.

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< p > the insiders said that the company had no plans for asset injection and restructuring. "The reasons for the rise in share prices are often discussed inside the company, but we have not found the cause."

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