Recently, the momentum of the new stock market is very strong. In addition, the Xuguang Resources listed in June began to show strong performance. It also gave a boost to the new shares that will be relayed in the future. Mainland sportswear companies have joined the battlefield public offering today since 361 degrees. The stocks from today to the 23rd IPO, offer price ranging from 3.15 to 4.35 yuan, with 1,000 shares per hand, an admission fee of 4393.89 yuan. According to the news, the 361 Degrees International Placement has recorded full subscriptions, and has received a Hong Kong Rich and several investment funds for the shares, each of which has reached 10-20% of the issued share capital. For the listed Li Ning and Anta (compared with the equivalent shares), Xia Youqun, vice president of 361 degrees, said that because the company's product positioning is mainly based on consumer groups aged 16 to 25, it is also used in promotion and packaging. The customer base is the core, which is different from the general sports goods suppliers. The future expansion of the flagship store’s business strategy is also to enrich its children’s wear products. Predicted net profit of not less than 550 million 361 Degrees currently operates in 31 provinces and cities in the Mainland and has more than 5,900 retail outlets. The company plans to increase its sales network to more than 6,900 in June 2010 and plans to open 25 flagship stores. However, there are no acquisition plans. The company predicts that the net profit for the year ending in June this year will be no less than RMB 552.5 million. The forecasted fully diluted P/E ratio is 10-13.9 times. In 2009, the capital expenditure was RMB 150 million, which was mainly used to purchase the land use rights and the construction costs of the related plants. Regarding earlier reports from the Mainland that the company had a worker strike last month and demanded an increase in wages, 361-degree President Ding Wu stressed that this is purely a rumor that the company is operating normally and local public security and the government have also clarified this rumor. Amber Energy Passes Listed Hearing The company is raising funds and about 677 million yuan is used to open self-owned and self-owned businesses through media advertising, sponsoring major sports events and leagues, marketing activities, and supporting athletes and sports teams, and in prime locations in major cities and emerging cities in the Mainland. The flagship store, as well as the development and promotion of brand awareness, approximately 560 million yuan for the development of a factory in Fujian; the remaining balance was used for the development of children's shoes and apparel branch brands, the establishment of product testing and R&D laboratories and other purposes. In addition, it was reported that amber energy, a clean energy supplier for natural gas power generation in Zhejiang Province, has passed the listing hearing and plans to start promotion in a short period of time, raising less than 200 million yuan, and the sponsor is Goldberg's Piaget Asia. The Tianfu Group, the mainland's largest Taiwanese-funded tea industry conglomerate, is also planning to list on the Hong Kong GEM in the next year and plans to introduce CCB (0939) as a strategic shareholder.
For the listed Li Ning and Anta (compared with the equivalent shares), Xia Youqun, vice president of 361 degrees, said that because the company's product positioning is mainly based on consumer groups aged 16 to 25, it is also used in promotion and packaging. The customer base is the core, which is different from the general sports goods suppliers. The future expansion of the flagship store’s business strategy is also to enrich its children’s wear products.