Search For Special 70 Million Set Up Fifth Supply Chain Management Subsidiaries

　　 Leisure clothes brand Search for special In the afternoon of August 12th, the company announced the implementation of the strategic plan for promoting the development of value-added services in the fashion industry, which is the core of supply chain management, brand management and Internet finance. The task of implementing the supply chain service system of the fashion industry in the whole country is implemented. The Shaoxing Xing Lian Supply Chain Management Co., Ltd. is set up with a registered capital of 70 million yuan.

Reporters noted that the announcement shows that Dongguan search special supply chain management Co., Ltd. invested 35 million 700 thousand yuan, accounting for 51% of the registered capital; Shaoxing City fufu business information consulting partnership (limited partnership) invested 34 million 300 thousand yuan, accounting for 49% of the registered capital.

It is reported that the Keqiao District of Shaoxing City, Shaoxing Province, is one of the regions with high agglomeration degree of China's clothing and textile industry. The Keqiao area is the "world factory" of chemical fiber fabrics, which has a relatively complete industrial chain from PTA, chemical fiber to weaving, printing and dyeing, clothing home textiles, textile machinery, and so on. At the same time, Keqiao has the largest textile distributing center in Asia, namely China Textile City. "Shaoxing" Li Weifu, a partner, has been engaged in textile, cotton and cotton yarn trade. He has more than 10 years of experience in textile raw materials, commodity trading and domestic and foreign cotton yarn market. At the same time, he supports the supply chain management company's funds, R & D and supply chain management experience, and will provide a series of supply chain management services for the local clothing and textile industry to provide efficient, low-cost procurement, warehousing, distribution and so on.

In search of specific aspects, the company said that the establishment of a supply chain management subsidiary is aimed at promoting the implementation of the strategic plan for the development of value-added services in the fashion life industry with the core of supply chain management, brand management and Internet finance.

Search also pointed out that, on the basis of consolidating and upgrading the existing clothing brand business, we will vigorously develop the value-added service field of fashion life industry with the core of supply chain management, brand management and Internet finance, and build the company into an integrated service provider with the leading edge of fashion life industry. Relying on the company's own industrial advantages, we have integrated the supply chain resources nationwide to build a supply chain service system with a large coverage, strong supply and great flexibility in fashion industry, and create a B2B manufacturing procurement platform with information and functional services.

Reporter observation found that, in terms of supply chain management, the "Shaoxing Xing Lian Supply Chain Management Co., Ltd." was established. It also established fifth supply chain management subsidiary companies in Jingzhou, Suzhou, Xintang and Dongguan at the end of 2015. The above four companies generated nearly 200 million yuan of business income and 6 million 258 thousand yuan net profit in less than 2 months (the gross profit margin of supply chain management business was 6%-8%, averaging 7%%, and net profit was about 4%-5%). )

The reporter also learned from the latest earnings report found that in the first half of this year, the search business achieved 2 billion 286 million yuan, an increase of 164.66% over the same period last year, and a net profit of 183 million yuan attributable to shareholders of listed companies, an increase of 68.53% over the same period last year. From the perspective of supply chain management, the first half of this year achieved a total operating income of 138 thousand and 300 yuan, of which: the subordinate supply chain management company achieved a total operating income of 124 thousand and 500 yuan, accounting for 54.44% of its operating income, and realized a net profit of 4 thousand and 100 yuan attributable to shareholders of the listed company, accounting for 22.47% of the net profit attributable to the shareholders of the listed company.

The reporter noted that in terms of supply chain management and brand management, he had said that as the textile and garment industry was in the historical period of supply side reform and spanformation and upgrading, the upstream and downstream industries were faced with high cost and low efficiency due to resource fragmentation, asymmetric information and low professional level. Taking advantage of years of resource accumulation and experience, the company has made great efforts to provide efficient, low-cost supply chain management services and professional brand management services to many customers and businesses of textile and fashion industry through centralized procurement.

Mi Hanjie, a researcher with GF Securities, said that he had set up a new strategic development plan in 2015, focusing on supply chain management, brand management and Internet financial business, and vigorously developed into the value-added service areas of the fashion life industry. Among them, the supply chain management is mainly through the wholly-owned subsidiary of Dongguan city search special supply chain management Co., Ltd. as a platform, with the quality suppliers across the country jointly set up two subsidiaries (company holding 51%, supplier shareholding 49%), centralized procurement, production management, R & D, warehousing, distribution and other supply chain services.

Mi Hanjie believes that supply chain management requires deep resource accumulation and experience accumulation. Since its establishment in the past ten years, it has developed rapidly, and has rich experience and resources accumulation in independent research and development, brand promotion, raw material procurement, production management and so on. At present, with two hundred or three hundred suppliers in the industry, we already have a wealth of resources. At the same time, as a listed company, there are more channels for financing. These are the foundation for the development of special supply chain management business.