The Tiger Issued A Profit Warning And Expected A Sharp Increase In Losses In 2019.
March 11th, tiger capital Men's wear A profit warning is issued. The loss attributable to shareholders of the company recorded in the year ended December 31, 2019 will be substantially increased compared with the loss attributable to shareholders of the company in the year 2018 to about 44 million 139 thousand yuan.
Hu believes that the increase in expected losses is mainly affected by the following aspects: firstly, the export earnings of the group, the consolidation strategy of the retail outlets and the wholesale orders have been reduced due to the distribution relationship between the group and the distributors who are not satisfied with the repayment records. Secondly, the impairment of goodwill was recognized as a result of the unsatisfactory performance of China's retail business in 2017, and the impairment loss of potential construction projects was confirmed.
It is understood that the Chinese tiger, founded in 1988, focuses on designing, purchasing, producing and selling menswear products of its own brand. In the first half of 2019, the group reported a loss of 55 million 900 thousand yuan, with a net loss of 44 million 100 thousand yuan in 2018. In recent years, tiger has also taken measures such as expanding distribution channels, subdividing the consumer market, exploring business expansion and other measures to reduce losses. However, at present, the exploration tour of tiger has not been satisfied.
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