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in recent days, with the limited sale of DSM x Air Jordan 1 is quite similar, now this use of full Blue Patent Leather collocation black details and white presented at the end of the air jordan 1 hi just as the sample exist, the city no sale plan. search app store to download and install when guest artifact, the hot shoe money grab single worry free; forum posting shoes identification, God distinguish between true and false, Taobao to buy shoes more at ease; detailed inquiry micro channel dunkhome, microblogging "when off, the interaction does not stop! source: dj_sneakerhead& 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 yuan, down 3.5 percent, weaker than market expectations Retro jordans for sale 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 Cheap air jordans for sale Preview & nbsp; & nbsp; & nbsp ; Meike International (953.HK) originally footwear original equipment 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 cheap foamposites 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), clothing (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, an cheap jordans online d 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 favorable 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 amo cheap jordans for sale mens ng 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, value 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; & nbs Cheap air jordan 12 for sale online free shipping p; & 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 retailers 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 acc cheap jordan shoes for men ounted 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 order 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 a Retro jordans for sale ctivities, 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 the production capacity of the clothing one hundred thousand to five hundred and eighty, Cheap air jordan 12 ovo 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 calcula cheap jordans for sale tion, 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%. the Federal Reserve released 15 data show that in August industrial production including factories, mining and utilities output, a slight decrease of 0.1%, for the first time negative growth this year. : data show that in August, manufacturing production in the United States dropped by 0.4%, mining production rose by 0.5%, and public utility production increased by 1%. The report also shows that in the same month, the U.S. industrial equipment start-up rate of 78.8%, lower than 1972-2013 years, the United States industrial average of 80.1% of the overall equipment operating rate. : analysts believe that despite the first negative growth in industrial production in August, the United States overall economy is still showing signs of recovery. Since July, U.S. manufacturing activity, consumer spending, and new housing starts have been growing strongly, showing macroeconomic stability as a whole. first correction data released by the U.S. Department of Commerce show that the two quarter of this year, U.S. real GDP grew at an annual rate of 4.2% in the first quarter, reversing the cold weather caused economic contraction trend. (editor in chief: Asia shoes industry)In addition to Roshe Run, Air Max, Free, Lunar and so on, Nike has also created new shoes Nike Lunarfly 306 for all sincerity. The exposure of the new color black shoes collocation fluorescent yellow bottom protection belt Just Do It is still a prominent, and can provide adequate protection. 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