Seven Wolves: Financial Company Established By Integration Of Production And Finance

< p > recently, the seven wolf company announced that it would jointly set up a finance company jointly with the controlling shareholder Fujian seven wolf Group Co., with a registered capital of 300 million yuan. At present, the project will have to wait for the approval of the CBRC.

It is reported that if approved successfully, it will become the first private enterprise group finance company in Fujian province.

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< p > > Fujian a href= "http:// www.sjfzxm.com/news/index_c.asp" > "seven wolves" < /a > Industrial Limited by Share Ltd Secretary of the board of directors and deputy general manager Wu Xingqun said that its significance is equivalent to the "quasi bank" within the enterprise. It will strengthen the linkage of hundreds of companies including the marketing companies, franchisees and accessories suppliers, reduce the financing cost of the upstream and downstream enterprises, adjust the main business capital surplus and deficiency, and grasp the opportunity to optimize the a href= "http:// www.sjfzxm.com/news/index_c.asp" > profit < /a >, which is also a powerful attempt for the private enterprises to enter the financial industry under the background of Quanzhou gold reform.

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< p > Wu Xingqun also said that at present, the company's "a href=" http:// "www.sjfzxm.com/news/index_c.asp" > capital flow < /a > abundant. In the first quarter of 2014, the report shows that the total amount of monetary funds at the end of the report is about 2 billion 376 million yuan, accounting for 35% of total assets, accounting for 50% of net assets. However, the problem of imbalance of funds among the members of the group is quite prominent, and the development of some enterprises needs larger credit capital input.

Against this background, it is an inevitable choice and effective way for seven wolves to set up financial companies.

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< p > seven wolves take the road of "integration of industry and finance" is a major breakthrough in the new situation.

By setting up a financial company, it can significantly improve the settlement efficiency of the members of the group, speed up capital turnover, and effectively collect idle funds for financial management.

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< p > last year, in the overall downturn of the industry, the seven wolves shares fell for the first time in the tenth years of their listing, and their revenues and profits fell by more than 20% over the same period last year.

The establishment of a financial company is intended to maintain capital and water conservation entities and achieve "integration of industry and finance".

It is reported that clothing will still be the main business of the seven wolves, which is also the brand support of the seven wolves, making the clothing business bigger and stronger and heading for the international market. This is the ideal of the seven wolves.

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