Red Bean Shares Spanfer "Red Bean Home" Equity, Focus On The Development Of Clothing Industry

In June 5th, the announcement of red bean shares announced that it would spanfer the 60% stake of Hong Kong real estate holdings to cash spanactions. Hodo The spanaction price is 820 million yuan. After the completion of this spanaction, Hong Kong shares will no longer directly or indirectly hold the equity of red bean.

This means that Hong Kong shares will "cut" its entire real estate business.

According to the annual report of the 2016 fiscal year of the red bean group, the operating income of Hong Kong stock in 2016 was 3 billion 41 million yuan, an increase of 13.92% over the same period last year. The net profit attributable to shareholders of listed companies was 159 million yuan, up 95.52% over the same period last year. Among them, the red bean stocks Men's wear Business income of 1 billion 342 million yuan, an increase of 16.12% over the same period, accounting for 44.13% of the total revenue; real estate business revenue 1 billion 590 million yuan, an increase of 12.48% over the same period, accounting for 52.29% of the total operating income.

Although more than half of Hong Kong's share of its revenue comes from the real estate business, Hong Kong shares believe that the company's real estate business is mainly concentrated in the two or three tier cities with low competitiveness and low profit level.

After the sale of real estate business, Hong Kong shares will focus on resource development. Clothing industry We should further enhance our competitive edge, actively foster new growth points, strengthen the core competitiveness of our company, and enhance our company's sustainable management capability, so as to enhance our company's profitability.

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