Wang Ri-ming, the managing director of Nepalese Group (00891), recently shared his vision for the company's future strategy. He emphasized that the firm will concentrate on its men's business segment and further expand its presence in the Chinese market. According to Wang, these areas will be the main focus moving forward. When asked about potential acquisitions involving the parent company or foreign entities, he stated that both options remain viable.
The company currently enjoys a gross margin of 72.6%, which Wang attributed to the gradual decline in the impact of the financial crisis. He believes that the gross profit margin can continue to stay at around 70% in the coming years. Additionally, Wang addressed the recent sale of 33% of the company's old shares by major shareholders. He explained that this move is expected to enhance market liquidity, with the free float of the stock potentially rising to 60% in the future.
One of the key objectives of the recent fundraising was to repay the debt owed to Mitsubishi Tokyo UFJ. Wang confirmed that the company has a strong cash flow position, and while he did not reveal the exact debt-to-equity ratio after the listing, he indicated that the liability level could drop significantly. This suggests a more financially stable structure for the company going forward.
Shower Sponge,Exfoliating Sponge For Body,Body Wash Sponge,Body Scrub Sponge
ZHOUSHAN FOISON IMPORT AND EXPORT CO.,LTD. , https://www.foison-fashion.com