Jay Chou speaks for Hailan house! Is 8.2 billion yuan in stock hopeful?

category:Finance
 Jay Chou speaks for Hailan house! Is 8.2 billion yuan in stock hopeful?


Source: screenshot of microblog

Source: screenshot of microblog

Many netizens said that Jay Chou speaks for me, I want to buy it, buy Jay Chou with the same style for my husband, please give me a home of Hailan to the one I love.

Last years increase in income did not increase profits

What is your first impression of Hailan house? Is it a mens closet that only goes shopping twice a year? In the latest copy, Hailan house has defined itself as a national brand holding hands with national idols.

Source: wind

Coincidentally, Hailan home stock has also rebounded recently. Some netizens jokingly said, this is the power of the top stream.

Wind data shows that the annual sales cost of Hailan home has increased from 186 million yuan in 2012 to 2467 million yuan in 2019. Over the same period, the revenue of Hailan home increased from 1.368 billion yuan to 21.970 billion yuan. However, from 2017 to 2019, the growth rate of sales expenses is higher than that of revenue in the same period, which may indicate that advertising has been gradually unable to carry goods.

Source: wind

In addition, in 2019, Hailans home will not increase profits for the first time. In the whole year of 2019, Hailan homes revenue increased by 15.09% year-on-year, but the net profit attributable to its parent decreased by 7.07%. Affected by the novel coronavirus pneumonia, the net profit of Hai Lan home returned to 55.42% year-on-year in the first half of 2020.

Can Hailans home, trapped by epidemic situation, be saved by top stream Jay Chou? This still depends on the future real gold and silver (sales volume) to verify.

In the face of inventory doubts, the chairman has been furious on the spot

High inventory is the most criticized by the capital market.

Source: wind

Wind data shows that since 2015, the inventory of Hailan home has not dropped more than 8 billion yuan. From 2015 to 2019, the companys inventory accounted for 60.5%, 50.8%, 46.7%, 49.6% and 41.2% of revenue respectively. In the first half of 2020, the inventory of Hailan home is as high as 8.217 billion yuan, even exceeding the revenue of the same period (8.102 billion yuan).

Although inventory is the pain of clothing industry, the inventory level of Hailan home is obviously high in the industry. The high inventory problem of Hailan house may be related to its asset light operation mode. According to the data, Hailan home adopts the management mode of quasi direct marketing for franchise stores. The franchisee owns the ownership of the franchise store and entrusts the internal management of the store to the company, but does not bear the risk of unsalable inventory.

It is worth mentioning that at the shareholders meeting of Hailan house in 2019, some shareholders once questioned the inventory and business model, and Zhou Jianping, chairman of the board of directors, if you have enough level, you will become the chairman of the board, if the revenue scale does not exceed Hailan home, you are not entitled to question Hailan and no one is allowed to question Hailans inventory problem.

Some people in the industry pointed out that in addition to the inventory problem, the production design of Hailan home products should also be concerned. It is reported that in the design process, Hailan home brand is mainly responsible for the development proposal and final selection, and the suppliers design team is responsible for proofing and other work; other retail brands are mainly independent research and development, and the supplier is only responsible for processing and production.

Spend 1.6 billion to build Equestrian Club

The most famous lace of Hailans home is nothing more than the amusing story of Zhou Jianpings horse raising.

In 2010, Hailan Group invested 1.6 billion yuan to build Jiangsu Hailan International Equestrian Club, covering an area of 400 mu.

Nanfang Daily reported in 2013 that the club has the largest scale, the best facilities and the highest grade in China. Most of the horses are imported from Germany, Spain, the Netherlands and other places. All of them work for the royal family, and each horse is worth 1 million to 3 million yuan. It is reported that Zhou Jianping has nearly 400 Tibetan horses, covering more than 60 countries in the world.

In this regard, Zhou Jianping once said publicly, some people say that I am not engaged in the business of running an international equestrian club. It has nothing to do with Hailans industry. But I think that to make clothing is to be a brand, and we must integrate a lot of culture. Strengthening horse culture is an important measure for the strategic transformation of the group. We use equestrian as a platform to make friends with the world. International exchange, mainly with friends in business, business communication in business Zhou Jianping said frankly. Zhou Jielun source: China Securities Journal Editor in charge: Yang Bin_ NF4368

In this regard, Zhou Jianping once said publicly, some people say that I am not engaged in the business of running an international equestrian club. It has nothing to do with Hailans industry. But I think that to make clothing is to be a brand, and we must integrate a lot of culture. Strengthening horse culture is an important measure for the strategic transformation of the group.

We use equestrian as a platform to make friends with the world. International exchange, mainly with friends in business, business communication in business Zhou Jianping said frankly.

Jay Chou