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J.Crew, x, Onitsuka, Tiger join 〉& nbsp; & nbsp; & nbsp; Chinese shoes Network February 1 hearing, next Monday listed Meike International (0953), the public offering was recorded oversubscribed 438.74 times, the market for its high hopes, but yesterday the dark the disc has forced a public supporter disappointed. & nbsp; & nbsp; & nbsp; According to Phillip transaction field data show that the United States grams of dark disk edged up 3.5% in the early stages, but the middle of the start down nearly to close at 1.38 Retro jordans for sale yuan, down 3.5 percent, weaker than market expectations of an increase of at least 10%, to 2,000 shares per hand count, the retail book eclipse 100 yuan per hand. & nbsp; & nbsp; & nbsp; on the other hand, the first day of offering the IMM (1683) a total of 448 million yuan loan amount of margin has been in full; As for the second day of the Pearl oil prospectus trachea (1938) the accumulated $ 54 million loan, not yet full. Another news that yesterday cut fly Scarlett Group (1863) public offering recorded more than seven times oversubscribed. & nbsp; & nbsp; & nbsp; Meike oversubscribed 430 times, to be the upper limit of 1.43 yuan pricing & nbsp; & nbsp; & nbsp; Market sources noted that recreational sports Meike International 00953.HK oversubscribed more than 430 times the limit of 1.43 yuan more than planned pricing, ultimately failed one man single-handedly. & nbsp; & nbsp; & nbsp; stock IPO price range 1.2-1.43 yuan, raising up to 357.5 million yuan, Lot 2000 shares, listed on the main board next month on the 1st, sponsor investment Securities (Hong Kong). & nbsp; & nbsp; & nbsp; SHK: Meike International shares Preview & nbsp; & nbsp; & nbsp; shares Preview & nbsp; & nbsp; & nbsp ; Meike International (953.HK) originally footwear original equipme Cheap air jordan 12 ovo nt manufacturers, in 2003 began to establish its own brand. After the service the focus shift, expected the company not only because of the rapid growth of domestic demand and benefit while reducing cost and foreign exchange risk constituted export business. & nbsp; & nbsp; & nbsp; China's sporting goods industry is highly fragmented, hard-line foreign companies into the market. Meike International market share of only 0.7%, and the need to face historic brand competition at home and abroad. & nbsp; & nbsp; & nbsp; The company will most of the proceeds from the IPO, invested in the distribution network expansion and brand awareness promotion. & nbsp; & nbsp; & nbsp; recommends that the offer price is equivalent to the upper limit of the Unit 14 times 2008-09 estimated earnings, lower than the industry average of more than 20%. But the company's business is still in its infancy brand in the mainland market only a very small proportion. Its profitability also worse than peers. Thus, the low valuation is also a reasonable one. & nbsp; & nbsp; & nbsp; Company background & nbsp; & nbsp; & nbsp; Meike International design, development, production, marketing and distribution of casual sportswear products, including footwear (accounting for 74% of 2008 sales), clot cheap jordan shoes for men hing (24%) and jewelry (2%). According to Frost & Sullivan's information, according to the calculation of footwear sales in 2008, Meike International ranked tenth in the domestic brand sports footwear industry; by 2006-2008 compound annual growth rate of apparel sales was calculated the rapid growth of the third-largest brand. & nbsp; & nbsp; & nbsp; The company originally sole domestic producers, followed to carry out export sales, including original design manufacturing and original equipment manufacturers. In 2003, the company began selling in China brand products, the rapid growth of the business after its annual, proportion of total sales accounted for by 2006 27 per cent in the first nine months of 2009, 79%. & nbsp; & nbsp; & nbsp; in the first nine months of 2009, the company's own production of footwear products and 24% of all apparel products, and the rest outsourced to third-party manufacturers. The company's distribution business model in business (accounting for 96.5% of 2008 sales), its distributor in the country twenty-two provinces operate, directly or indirectly, one thousand three hundred and eighteen Meike stores. The company is also selling its own branded products through four stores in Fujian Meike. & nbsp; & nbsp; & nbsp; investment favor cheap jordans for sale mens able factors & nbsp; & nbsp; & nbsp; the focus shifted to brand products: Meike International to carry out its own brand of footwear products in 2003 and apparel business. Brand products increased rapidly, the proportion of revenue accounted for by 27% in 2006, surged to 79 percent in 2009's first nine months. Since China is committed to promoting domestic sales growth, coupled with export business involves higher costs and foreign exchange risks, the company transferred its business focus to help improve profitability. & nbsp; & nbsp; & nbsp; successfully establish a brand image: Although Meike International in 2003 was to develop brand products business, but calculated by footwear sales, has been among the top ten brands of sports footwear manufacturer ; by 2006-2008 406% of revenue CAGR calculation, has become the third-largest fast-growing clothing brand. The company's sales and distribution costs account for only 8% of revenue (Hong Kong-listed sportswear companies an average of 17%), but due to the relatively short operating history, which occupies only 0.7% of the domestic market share. & nbsp; & nbsp; & nbsp; the average selling price is low: The company specializes second and third tier cities, customers in those areas of value is the price level, valu Cheap air jordan 12 for sale online free shipping e or fashion brand followed by anti genus. In the first nine months of 2009, the company's footwear and apparel business is expected to average price of 43 yuan (assuming that all products sold in the period), less than Xtep (1368.HK) and 80 yuan per pair 46 yuan each, and 361 degrees (1361.HK) for each pair of 71 yuan and 50 yuan each. Integrated production model the company used to allow more effective management of its costs, and thus the average price level in the low still profit. & nbsp; & nbsp; & nbsp; The main investment focus & nbsp; & nbsp; & nbsp; Distributor bring 96.5% of sales contribution: Meike International only has four Meike owned stores, all located in Fujian Province. The company began operations in 2006 distribution business, inexperienced, and therefore need to withstand high operational risk. & nbsp; & nbsp; & nbsp; dependent regulation of retailers and distributors expand its retail network: Meike twenty-three international brand products through distributors to sell, these distributors are now managed thirteen hundred eight hundred stores, among four hundred twenty-five direct business, the rest of the eight hundred ninety-three stores, the operations by entering into contracts with third-party retailers. Meike due to third-party retai cheap foamposites lers and not directly related to international, make it difficult to properly manage its stores. & nbsp; & nbsp; & nbsp; China's sportswear market is extremely fragmented, with nearly a hundred active Brand: Meike International at the same time to face the domestic and foreign brand competition. According to Frost & Sullivan's information, Meike international press in 2008 in terms of revenue accounted for 0.7% market share, far below the level of other Hong Kong-listed peers (ranked tenth person to occupy 2.5 percent of the share). However, the size of the company's footwear business is large, according to the 2008 ranking tenth in the country in terms of revenue, market share of 1.7%. & nbsp; & nbsp; & nbsp; IPO PROCEEDS & nbsp; & nbsp; & nbsp; as recommended by the offer price of HK $ 1.32 per Share median is the time for the first time The net proceeds from the public offering is expected to be HK $ 302.2 million (assuming the over-allotment option is not exercised). & nbsp; & nbsp; & nbsp; HK $ 9,190 ten thousand (30.4%) used to expand capacity apparel products; & nbsp; & nbsp; & nbsp; 9,220 Wan (30.5%) with to expand and improve coverage of distribution networks, and to provide its promotional materials and furnishings stores standard equipment, in or cheap jordans online der to subsidize the cost of innovative stores; & nbsp; & nbsp; & nbsp; HK $ 7,190 ten thousand (23.8%) the preparations for the trade exhibition and brand promotion, sponsorship sports leagues and events for media advertising and marketing activities, as well as hire celebrity as a spokesperson; & nbsp; & nbsp; & nbsp; HK $ 24.2 million (8% ) for enhancing research and development capabilities; & nbsp; & nbsp; & nbsp; the remaining HK $ 22 million (7.3%) for working capital and other general corporate purposes. & nbsp; & nbsp; & nbsp; first nine months, Meike International footwear annual capacity of 9.5 million pairs in 2009. Related capacity should be sufficient to meet the required level, because the company's own manufacturing plant utilization all footwear is only 60%. The company's new production plant was commissioned clothing in 2008, the annual production capacity of six hundred thousand. It also manufacture clothing, accounting for 24 percent yield ratio, plant use rate of 85%. & nbsp; & nbsp; & nbsp; by 2006-2008 compound annual growth rate of 406 percent basis, the company's rapid growth is the third largest sportswear brand, sales outlook. It also plans to enhance the quality of cost and quality control, which will be held in 2011 to enhance t Cheap air jordans for sale he production capacity of the clothing one hundred thousand to five hundred and eighty, in order to cope with the expected sales growth. After the capacity expansion, the net fixed assets of the company will increase 60 percent to 232 million yuan. & nbsp; & nbsp; & nbsp; is the initial public offering of income to HK $ 164 million (accounting for nearly 40% of sales in 2008; as the net profit margin remained stable in 2008-2009, accounting for 2009 It expects 22% sales), mainly for sales and distribution purposes. In 2006-2008, the company's annual sales and distribution expenses accounted for only 5-8% of sales, though far below the industry average of 17%, but in view of its only established in 2003, is sufficient to cope with the proportion required . In general, the brand products (especially highly fragmented market of sports goods) the main sales and distribution costs for market share, Meike International put large sums of money on the sale and distribution, reflect the increase through more resources brand awareness and expand market share, strategies consistent with other brands. & nbsp; & nbsp; & nbsp; valuation & nbsp; & nbsp; & nbsp; on a proposal by the offer price limit calculation, the stock trades at 14 times estimated 2008-09, Hong Kong-listed compared with the industry average lower than 20%. & nbsp; & nbsp; & nbsp; Meike International originally to original equipment manufacturers and original design manufacturers, since the establishment of the United States grams brand in 2003, he gave the business focus to own-brand products business. But exports are still accounting for sales of more than 20% lower than export margin branded products business, which dragged down the company's overall profitability. Because of its business is still in its infancy brand, to fight for market share in a number of competitors in the market, the company set the price at a low level, so that it is lower than the industry average selling price. This will make the profit margins under pressure, but with the future increasingly mature brand image and visibility improved, and its profitability could rise, but this situation may have to wait some time to appear. & nbsp; & nbsp; & nbsp; The company's return on average shareholders' funds increased from 42% in 2006, fell to 28 percent in 2008, lower than the industry average of 38 percent, mainly because of its business focus to original equipment manufacturing to brand products due. At this stage, the company's sales and profit there is not yet stable. After the IPO, the average return on shareholders' funds will be diluted to 14%. 2012-7-25 08:03 upload download attachment (206.58, KB) This is the Nike Air Force 1 thirty occasion, in addition to bouts of anniversary edition shoes released outside the Nike, there are many new moves, like earlier with Air Force 1 high version based on improved model Nike Air Force hit a new 1 High Boot, a High Boot army thing color inject a lot of new blood Air Force 1 series, has also been anecdotal praise. For additional voices, also taking advantage of the 30th anniversary has not in the past, Nike recently once again launched a Nike Air Force 1 Hi DCN Military Boot, a rough sense of the duck canvas as the dominant material, equipped with nylon and antique suede to create details of the location, to reflect the military grid material, compared to play military color, pattern it means, further improve the design standards, next month will be on sale, interested friends do not miss. 2012-7-25 08:03 upload and download attachments (138.01 KB) 2012-7-25 08:03 upload and download attachments (183.15 KB) 2012-7-25 08:03 upload and download attachments (188.57 KB) 2012-7-25 08:03 upload and download attachments (205.22 KB) 2012-7-25 08:03 upload and download attachments (224.09 KB) we previously reported for you the joint news of the famous singer DJ Muro, the Japanese Kinetics store and the famous sports brand Adidas Originals adidas. The three party cooperation released Metro, Attitude and Ultrastar two shoes, styles with some Gucci style. Among them, Ultrastar shoes on the use of some of the classic elements, such as shell head, Superstar, shoes and so on. In addition, DJ, Muro and Kinetics are also designed for the two joint shoes, bags, T-shirts and hats, the colors are similar to the color of the shoes. download (113.04 KB)〈br 2011-3-28="" 18:13in the late 90's of last century, when Brand Jordan officially separated from Nike into a separate entity. Along with Jordan Michael's personal signature shoes, the new model of the shoe models also operate, we call it Jordans Team. The first pair of Jordan Team shoes on sale in 1997, by ray Allen took the lead in 96 years on the foot. And this week is also mine - Allen, the first time wearing a classic team shoes, Pro Jumpman's 19 anniversary. We bring you the history of ten Jordan Team Jordan Brand shoes. Jumpman Pro Shake10.Jordan Super.Fly 29.Jumpman Team Pro 28.Jumpman Team Flow7.Jumpman Quick 66.Jumpman Swift 65.Jumpman Pro Quick4.Jumpman Pro Strong3.Jumpman Team Pro 12.Team I1.Jumpmansource: solecollector





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