Inventory Turnover Has Dropped Rapidly, And Clothing Companies Have Been Frustrated Repeatedly.
Inland
clothing
Enterprises to become A shares this year IPO (initial public offering) applications
Upper Conference
The worst hit area.
According to statistics, this year, a total of 11 clothing enterprises IPO applications, 6 of which were not, the rate of only 45%.
An investment bank of Ping An Securities believes that the rapid decline in inventory turnover or the risk of sales and finance is one of the important reasons for the IPO application this year.
The investment bank further explained that the cost of clothing enterprises in the mainland has increased substantially since last year.
In order to ease the upward pressure on costs, the enterprises began to substantially increase the selling price of products, which rose by about 10% to 20%. This led to a sharp increase in the inventory of garment enterprises which were too interested in gross profit margins, and a substantial decline in inventory turnover, which concealed larger sales risks, and continued profitability was affected.
This year, IPO applications have no clothing enterprises basically exist such problems.
Facts have proved that the rapid decline of inventory turnover has a great impact on the stable operation of enterprises.
On the other hand, the mainland
Garment industry
Competition is very fierce and industry entry threshold is also low. Therefore, whether or not it has strong core competitiveness determines the listing prospect of clothing enterprises to a certain extent.
Haitong Securities, an investment bank, suggested that R & D and design
Marketing
Channel construction is the two core competitiveness of garment enterprises. On the one hand, the listed apparel enterprises should increase investment in R & D design, and on the other hand, they should increase the average sales volume and sales ability of single stores (sales outlets).
However, the low passing rate did not affect the IPO enthusiasm of such enterprises.
It is reported that many garment enterprises have submitted A share IPO application, and are queuing up for review.
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