Business management, corporate governance, branding, and financing channels all achieved impressive results
"Today, where do you want to show?" This is a classic slogan for a seven-wolves double-faced jacket.
As a listed company of small and medium-sized boards, Septwolves has achieved good results in operations management, corporate governance, brand building, and financing channels since its listing in 2004. No wonder investors laughed, "Seven wolves, 'show' which side are wonderful!"
Quality change starts from listing
Before listing in 2004, although seven wolves are not small, but the actual scale is not large.
Judging from the scale of assets, as of December 31, 2003, the company’s total assets were 194 million and its net assets were 93 million. From the perspective of operating performance, sales revenue in 2003 was 184 million, and net profit was 25 million. From the point of view of corporate profitability, although the company has been promoting store brand sales for many years, its brand influence is still relatively weak, and the number of shops is relatively small. By the end of 2003, there were only about 550 franchised stores, and most of them were located in eastern and southern China. Some of the areas belong to regional apparel brands. The company’s sales revenue and profits also mainly come from the apparel manufacturing business. The company is in a relatively low development stage.
In July 2004, the company completed the initial public offering, raising funds of 178 million yuan, mainly for the expansion of production capacity and the construction of sales terminals. After the rapid development over the past three years, the company’s scale and business operations have reached a new level. From the perspective of asset size, as of December 31, 2006, the company’s total assets were 596 million, an increase of 207% from the end of 2003, and net assets of 362 million, an increase of 289% from the end of 2003; Sales revenue was 484 million, an increase of 163% over 2003, and net profit of 52 million, an increase of 108% over 2003. In the first half of 2007, with the continuous production of fund-raising projects, the company's sales revenue has entered a more rapid development channel. As of June 30, 2007, the company achieved sales revenue of 336 million yuan, a year-on-year increase of 70%.
Through the changes in financial figures, with the continuous reflection of the benefits of the initial public offering of raised funds, the company's business model and the scale of the company have also undergone qualitative changes. According to the company's strategic positioning, brand, channel, and design are the company's future core competitiveness. Among these factors, the construction of channels is crucial. Driven by the IPO fundraising project, the company's sales terminal has expanded rapidly. As of June 30, 2007, the company's total number of stores reached 1,663, an increase of 1,113 compared to the end of 2003, and the national performance of the seven wolves clothing brands The sales network has been initially established, which marks the historic transformation of the seven-wolf brand from a regional apparel brand to a national apparel brand in a short period of three years with the help of capital markets. The company has firmly established a profit model centered on brand and channel control, and the company's development has entered a new realm.
More than three years after its listing, Seven Wolf has rapidly grown from a regional clothing brand to a national clothing brand with considerable popularity and reputation. Seven wolves have also become one of the leading companies in the China Garment.
Development has never stopped for three years
Since listing in 2004, seven wolves have made considerable progress in corporate operations and corporate governance. Annual sales revenue increased from 184,468,800 at the end of 2003 to 480,823,100 in 2006, net profit increased from 24,974,400 to 15,574,800, and the number of stores increased from 550 to 1,457. In the past three years, Septwolves have formed an effective nationwide sales network, and its brand awareness and reputation have been continuously improved.
As the first company listed on the SME board in Fujian, Septwolves enjoy a reputation for integrity and innovation in the capital market. In 2005, Septwolves responded to the call and became the first batch of pilot enterprises for the reform of non-tradable share reform in Fujian Province. In 2006, Seven Worms once again introduced the implementation of equity incentive programs in Fujian Province and achieved good results. Since listing, seven wolves have continued to improve their corporate governance structure, focused on the interests of small and medium shareholders, and paid attention to investor relations management. In 2006, Septwolves won the honorary title of “Outstanding Board of Directors†selected by the “Board of Directorsâ€; in the “New Fortune†rating of SMEs, the Seven Wolves ranked third, and the Integrity Rank ranked five-star; the Secretary of the Board of Directors of the Company 2005, 2006 The year was reelected as the “gold medal director secretâ€; the Shenzhen Stock Exchange gave an “excellent†rating on corporate information disclosure for 2 consecutive years. In the past three years, Septwolves has established a responsible and trustworthy listed company in the capital market.
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