Recently, guirenbird co., LTD. (603555, hereinafter referred to as "guirenbird") released its financial report for the first half of 2018. Net profit attributable to 0.344.2 billion yuan, down 73.51% year on year; Deducted non-net profit revenue of 0.3 billion yuan, down 71.57 percent year-on-year.
On September 12, a reporter from changjiang commercial daily sent an interview letter to your esteemed bird about the future layout.
In addition, in the past two years, the poor management of the rich bird ushered in a "closed shop tide." In 2017, guirenbird shares opened 503 new retail terminals, closed 879 retail terminals, and closed 376 net, equivalent to the net closure of one store in less than one day on average. In the first quarter of 2018, guirenbird opened 78 new retail terminals and closed 133 retail terminals.
Weak net profit fell 74% year-over-year
In fact, the company's net profit has been falling since 2016, and it has fallen even more in the middle of this year. In the middle of 2016, the net profit attributable to guibirds dropped 9.9% to 157 million yuan, and the deducted non-net profit decreased 1.12% to 157.4 million yuan. The interim financial report of 2017 showed that the net profit of guijianbird had a double-digit decline, with the attributable net profit falling 17.26% to 1.299 billion yuan, and the deducted non-net profit falling 32.5% to 106.3 million yuan.
Is Shanghai roost Cheng Weixiong brand management co., LTD., general manager in the Yangtze river business newspaper reporter interview, "double decline in revenue and net profit is normal performance, noble bird listed after overlooked the normal input and main business transformation and upgrading, and instead take own professional ability is not enough of the capitalization of the sports industry operation, in addition, a large number of noncore capitalization operation, from the investment of time, time, output and main differentiation are not very good at helping."
Close one store per day on average

As a matter of fact, the bird has long been known to narrow and diversify. In early 2015, guidry announced that the company became the second largest shareholder in tiopo sports. In 2016, guirenbird invested in Spanish football brokerage company, the exclusive operation right of American basketball equipment brand AND1 in greater China, the holding company of offline retail channel business champion and mingshoku network technology co., LTD. In 2016, noble bird acquired 100% stake in viacom fitness, the parent company of fitness club brand "welsh fitness".
After a series of mergers and acquisitions, guidry's performance does not appear to have achieved substantial growth. This "go with the flow" type of capital play, but for the enterprise added to the burden. Sir Bird's balance sheet ratio rose to 65.96 per cent from 46.84 per cent in 2014. At the same time, the equity pledge ratio of its controlling shareholder guirenbird group (Hong Kong) co., ltd. accounts for 96.93% of the shares held by it, and the shares held by it account for 76.22% of the total share capital.
In the past two years, the poor management of the rich bird ushered in a "closed shop tide." In 2017, guirenbird shares opened 503 new retail terminals, closed 879 retail terminals, and closed 376 net, equivalent to the net closure of one store in less than one day on average. In the first quarter of 2018, guirenbird opened 78 new retail terminals and closed 133 retail terminals.
In cheng's opinion, the diversity of guirenbird is the integration of the all-around sports industry across the boundary utopia.