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The Resignation Of Chinese Clothing Announced After The 2013 Annual Report Was Reorganized

2014/3/26 22:16:00 90

Chinese Clothing Annual Report Reorganization

On the evening of March 25th, P, the newly completed Chinese garment released its annual report in 2013. 
 according to the annual report, China's clothing industry achieved a total operating income of 1 billion 768 million yuan in 2013, an increase of 12.94% over the same period last year, while net profit increased by 5.41% over the same period last year, but the company still lost 41 million 786 thousand and 200 yuan last year. 
 for the reasons of loss, Chinese clothing is mainly affected by the decline of international market demand. In 2013, the export orders of the company decreased. At the same time, domestic industrial production slowed down, and the import of bulk raw materials was suppressed. Because of the increase in raw materials and labor costs, the gross profit of printing and dyeing processing decreased. In addition, the company was at < a href= "//www.sjfzxm.com/news/index_c.asp" > restructuring stage < /a >, and the cost of audit and evaluation increased significantly. 
 and since the net profit of audited net profit in two fiscal years in 2012 and 2013 has been negative for a long time, according to the relevant regulations of the Shenzhen Stock Exchange Listing Rules, the Shenzhen Stock Exchange will implement a warning of delisting risks for its stock trading from March 27, 2014, and the stock stock abbreviation will become a *ST service. 
 in fact, this is not a href= "//www.sjfzxm.com/news/index_c.asp" > Chinese dress < /a > the first time to wear a hat. In 2008 and 2009, Chinese clothing lost 47 million 775 thousand and 900 yuan and 48 million 610 thousand and 600 yuan after losing money, which led to the company's early warning of delisting risk in early 2010. In 2010, the company realized 23 million 596 thousand and 700 yuan profit, Chinese clothing successfully removed its hat in April 2011, but then it fell into a loss again and finally had to choose to restructure. 
 according to the "reorganization agreement", the assets are set out as all the assets and liabilities of the Chinese garments, and the 100% equity interests of Hubei Xinyang Feng fat Limited by Share Ltd, hereinafter referred to as Xinyang Feng, held by 45 natural persons, such as Yang Feng and Yang Cai Xue, are replaced equally. After the reorganization is completed, Yang Feng shares and Yang Cai Xue will jointly hold 53.17% of Chinese garments and Yang will become the actual controller of the company. 
 at the same time, according to the reporter's understanding, Xinyang Feng's main business is the manufacture and sale of chemical fertilizer products. Yang Zhong Xue's brother Yang Caichao controlled chemical production in Central China was also engaged in chemical fertilizer production, and was competing with a href= "//www.sjfzxm.com/news/index_c.asp" > Yang Cai Xue /a. 
In its business operations, it will continue to be independent in terms of assets, finance, personnel, institutions and businesses. It will not take advantage of the kinship between Yang Caichao and yang to influence the independent decision-making and operation of the two sides, nor will it damage the interests of both sides by using kinship relations; eliminate all forms of capital transactions, raw materials and labor procurement, goods and services sales, or indirect transactions, and continue to eliminate any form of common assets, mutual occupancy assets and mutual guarantee of assets; and continue to insist on independent production or sale in the market area that can be reached, and maintain and seek business opportunities, customers and other production and operation core resources independently. for this, Yang Cai Xue and Yang Caichao promised that Xinyang Feng and chemical engineering in Central China will be in the future. 
 but for the above commitments, insiders believe that it is not so easy to carry out the implementation, but it is even more difficult to supervise effectively. After all, Yang Caichao was once one of the shareholders of Yang Feng, a big shareholder of Xinyang Feng, and had just withdrawn from the company last year. 
 for the whole chemical fertilizer market, some analysts also pointed out that at present, the supply of fertilizer market is oversupply, and the competition among enterprises is very intense, which will have an impact on the future performance of Xinyang Feng. 
 in addition, the announcement of the Chinese clothing day also said that in view of the completion of the restructuring work, the chairman Qiao Yu, director Pan Zhongxiang, Yang Canlong, Zhang Weiliang, Wu Biao, independent director Yu Shiquan, Qi Yudong and Qi Yudong submitted a written resignation report to the board on 25 March.