Taiping Bird Is Officially Listed On The Shanghai Stock Exchange Today.

According to the world clothing shoes and hats net, in January 9th, Ningbo Taiping bird

The apparel Limited by Share Ltd is officially listed on the Shanghai stock exchange and its stock code is SH603877.

The company became the first board to enter the A share market in 2017.

Fashion apparel enterprises.

According to its listing notice, Taiping bird will issue 55 million shares for the first time. Its investment fund will mainly focus on marketing network construction, Taiping bird East clothing finishing distribution logistics center and information system construction.

The company currently owns Peacebird Women, Peacebird Men, LED 'IN Lok Ting, Material Girl and Mini Peace, five brands of men's and women's wear and children's wear, more than 4208 retail outlets, and last year, shares in France's high definition brand AlexisMabille.

In the prospectus issued earlier, Taiping bird said its issuing price was 21.3 yuan / share, and the net proceeds were expected to be about 1 billion 81 million yuan.

The purpose of raising funds will be used to build marketing network, Taiping bird East clothing finishing distribution logistics center and information system, respectively, to raise funds 580 million yuan, 350 million yuan, 150 million yuan.

According to the announcement, the data show that from 2016 to September, its revenue was 3 billion 931 million yuan, up 4.4% from the previous year, but its operating profit was 176 million yuan, down 41.56% from the same period last year.

But the official also disclosed that its retail sales in 2016 exceeded RMB 10 billion yuan, and last year, double eleven sales of Tmall exceeded 615 million yuan, ranking second in clothing category.

At the same time, the announcement also pointed out that as of September 30, 2016, its current liabilities amounted to 3 billion 283 million yuan, an increase of 9.45% over the end of 2015.

The announcement indicates that the main reason for the increase in current liabilities is the continuous expansion of the company's operating scale.

As of September 30, 2016, Taiping bird's stores increased by 414 from the end of 2015.

This has increased the company's prepaid rent and decoration fees, inventory products and payable loans.

According to the industry, Taiping bird is highly competitive in the industry competition market. According to Euromonitor data, in terms of retail sales, Taiping bird ranked fifth in China's mid-range casual wear market in 2015, and its market share (by terminal retail sales) was 3.90%.

It ranks eighth and fifth in Chinese ladies and men's mid-range casual wear market respectively.

In the whole industry, at the same time, only five of the top ten enterprises in the ladies' and men's mid-range casual wear market, except the Pacific bird, are all internationally renowned clothing giants.

Its profitability, accounts receivable and inventory turnover are all in the leading position or above.

Zhang Jiangping, chairman of the board of directors, said: "after the listing, Taiping bird is not only a fund, but a consumer, investor and all people's trust in us, so we will be able to afford this trust and our initial heart.

In the future, we will continue to keep our hearts and minds at the beginning of our business and to learn from our excellent partners and even our competitors. We will always adhere to our mission and values, keep in mind the promise of consumers, partners and society, repay customers, repay investors and repay the society with better performance, and continue to move towards the goal of the outstanding fashion brand retail companies.

Earlier, in an interview with BoF, Zhang Jiangping also said: it will not turn to investment and real estate like some fashion companies after going public.

He said: the main business of the fashion industry as Taiping bird clothing will not waver.

China's fashion companies have gone through a period of dormancy before listing, but in recent years, the situation has begun to turn around. In 2016, there were mainly six clothing related enterprises listed in the main stock market, including Tian Chong fashion, South spin holdings, Hasen shares, Sino submarine shares, Jiangnan cloth and Brisbane, and 37 new companies such as Centrino fashion.

At the beginning of 2017, Taobao brand Han Du Yi house recently launched the new three boards, becoming the first "Taobao concept stock" landing on the new third board, and another fashion training institution, which is also listed on the new three boards.

At present, many clothing companies are waiting to be listed on the stock market.

Among them, the ANN Zheng fashion group is also expected to be able to issue the market this year.

More interesting reports, please pay attention to the world clothing shoes and hats net.