Focus On Meibang Clothing Turning Losses Into Profits In The First Quarter

      Meibang clothing released the first quarter report of 2021, and its operating revenue fell 13.4% to 797 million yuan year-on-year. Thanks to effective cost control measures and sales of some assets, the company successfully turned losses into profits, with a net profit of 121 million yuan and a net loss of 169 million yuan, and a loss of 219 million yuan in the same period of last year.

      Not long ago, Meibang clothing sold 10.10% shares of Shanghai Huarui Bank Co., Ltd., a joint-stock company. According to Meibang clothing, the correlation between the shares sold and the main clothing of Meibang is low, which is conducive to revitalizing existing assets. Now look at it again, this wave of selling capital back to blood is indeed a more beneficial choice for the company.

Meibang clothing generally refers to Shanghai MetS Bonwe Clothing Co., Ltd. the company's brand metsbawy carries the youth memory of most young people in Z era. Especially in the TV series "watching the meteor shower together" sponsored by the brand, the segment of male No.2 taking the heroine to visit metsbouray has also become a deep memory point of the brand.

Gradually, more and more consumers are focusing on foreign brands. Nike and Adi occupy a large number of young markets, while Meibang is going from bad to worse, not daring to buy money back for many times. Now consumers have begun to turn their attention to domestic brands. With the end of the epidemic, Meibang has gradually turned into a profit. May Meibang maintain this momentum.