Last Year, Nanjing Lost Nearly 500 Million Of Its Domestic Shoes And Clothing In Spring.

Headquartered in Nanjing, the mainland's shoe enterprises have lost 475 million 700 thousand yuan a year, which is nearly six times that of the surplus police before losing 80 million yuan. However, the company's previous surplus police said that the 80 million yuan loss did not include goodwill and intangible assets impairment.

During the reporting period, the income of 100 thousand yuan recorded a decrease of 4.6% to 2 billion 923 million 700 thousand yuan, compared with 3 billion 63 million 500 thousand yuan in 2017.

Sales of core retail businesses plummeted 10.5% to 2 billion 49 million yuan, while toy business Hamleys recorded an increase of 1.7% to 645 million 600 thousand yuan, while the contract production business rose 65.4% to 229 million 100 thousand yuan.

As of the end of December, the number of self operated shoe retail stores decreased by 245, while authorized stores also decreased from 39 to 1417 and 293 respectively.

Hamleys, a British Toy retailer under the group, closed 12 stores last year, but opened 41 new stores.

As of the end of December, Hamleys operates 158 stores worldwide, including 30 self operated stores and 128 franchised stores.

During the reporting period, 27 UK stores recorded a comparable sales growth of 3.5%.

In 2018, C.banner International Holdings Ltd. (1028.HK) 100 million gross profit recorded a decline of 10.2% to 1 billion 863 million 200 thousand yuan, gross profit margin 57.2%, a sharp drop of 360 basis points.

In 2018, under the deleveraging policy, the company experienced an extremely turbulent year. The company experienced no acquisition of House of Fraser, and even heard that it even sold its toy brand Hamleys.

The turbulence of the company was mainly caused by the Limited by Share Ltd (600682.SS) of the Xinjiekou department store in Nanjing, Xinjiekou.

Nanjing Xin Bai appeared a liquidity crisis in 2018, and tried to sell its House of Fraser, which is an old British department store (HoF), while Chen Yixi, executive director of the company, is Yuan Yafei's brother-in-law of the new hundred actual controller of Nanjing.

But in the end, HoF failed to complete the restructuring of the CAV voluntary bankruptcy agreement. The 100 billion and Nanjing new hundred pactions were blown off, and HoF was also trapped by the bankruptcy trusteeship. It was bought by the British billionaire Mike Ashley Mike Ashley through the bankruptcy administrator of Sports, Direct International PLC (SPD.L), the largest sporting goods retailer in the United Kingdom. It was 90 million pounds.

The price of 90 million pounds has shrunk considerably compared with the previous paction price of Nanjing new hundred and 100 billion.

At the beginning of May 2018, Nanjing signed the agreement between new 100 and 100 billion. In order to buy shares and increase capital, the company took 1 billion 236 million steps to acquire the controlling stake of HoF 51%, corresponding to the valuation of about 275 million pounds.

In October, British Sky News quoted sources as saying that the company has hired Vermilion Partners silver Zhu Partners Limited as a consultant to deal with potential acquisitions of Hamleys, a century old toy chain operator.

In 2015, the company announced that it was buying Hamleys for 100 million pounds, with a 258 year old Hamleys and three hands before Chinese intervention.

After the completion of the Hamleys acquisition, it was not until the end of 2017 that it opened a store in Wangfujing, Beijing. Yuan Yafei, chairman of Nanjing Sanbai group, chairman of the three cell group, and his brother-in-law and Chen Yixi, chairman of the board, attended both.

Wangfujing store is the 137th Hamleys store in the world and third stores in China.

In 2018, when the huge losses were not paid, the market value of the company was only about HK $400 million.