Orient Venture: Construction Of Garment Production Base With Low Labor Cost

Both the annual revenue and net profit have declined, and the international economic situation has not improved. The prospect of Oriental entrepreneurship is not clear. But the company held yesterday's 2012 annual shareholders' meeting, still attracted nearly 20 retail investors to attend the meeting.

"Why did the company increase its equity investment in Huaan securities last year?" "now the macro situation is not good enough. How will the company respond?" asked the investors at the shareholders' meeting yesterday.

For the less satisfactory performance last year, Dongfang venture said that the economic recovery process of the major developed economies in the world was slow in 2012, the economic growth of the emerging economies slowed down, the yuan continued to rise, and the domestic raw material prices and labor force continued to rise, resulting in a decline in both the company's operating income and net profit. The content of the 2012 annual report shows that the annual business income of Dongfang venture company was 14 billion 114 million yuan, a decrease of 9.84% compared with the same period last year. The net profit attributable to shareholders of listed companies was 154 million yuan, down 18.94% from the same period last year.

In addition, investors are more concerned about "increasing equity investment in Huaan securities" matters. Oriental venture General manager Qu Yuanqing said that the company is optimistic about the future development of Huaan securities, and the road of Huaan securities listing is also advancing smoothly. At the end of the reporting period, the total foreign equity investment of Orient venture increased by 24.04% compared to 2011, mainly due to the increase in parent company's investment in Huaan securities. At the price of 1.78 yuan per share, the company increased 50 million shares of Huaan securities, with an investment of 89 million yuan. After the increase, Dongfang venture holds 245 million shares of Huaan securities, with a shareholding ratio of 8.68%.

When it comes to the future direction of development of the company, Qu Yuanqing, general manager, said that in terms of foreign trade business, the company will focus on design, research, production base and key points. brand We should create, invest and integrate key links such as sales channels and e-commerce platforms to further enhance the company's core competitiveness. In addition, the company plans to invest in areas where labor costs are relatively low. clothing Production base, the investment plan does not exceed 30 million yuan.