Belle Group is the largest manufacturer of women's shoes in China and one of the largest sellers of women's shoes in China. However, in recent years, Belle's performance is not satisfactory. In 20 18, Belle's revenue and net profit declined, and the decline rate was not small. Under such circumstances, Belle decided to withdraw from the market, which also became the big news in the industry.

Bell's history

Belle was founded in 1988 with only 30 employees. After decades of development, Belle has become a giant in China women's shoes industry. As a brand of women's shoes, Belle has always attached great importance to product quality and design. In Belle's product line, there are both high-end customized shoes and civilian casual shoes. This diversified product line also gives Belle a great advantage in the market.

The decline of belle

However, Belle's good times did not last long. In 20 14, Belle's share price was as high as 70 yuan, but in 20 18, its share price has fallen to less than 10 yuan. There are two main reasons for this decline. First of all, it is the change of the market. With the constant changes in consumer demand, Belle's product line has been unable to meet the market demand. Secondly, it is the management of Belle. In the past few years, Belle's management failed to effectively respond to changes in the market, resulting in a decline in Belle's performance.

Reasons for Belle's announcement of delisting

Under such circumstances, Belle decided to withdraw from the market. The reason for delisting is mainly because Belle's share price has fallen below the minimum market value requirement. According to the regulations of China Securities Regulatory Commission, if a company's share price falls below the minimum market value for 30 consecutive trading days, then the company will be forced to withdraw from the market. Belle's share price has been below the minimum market value for several months in a row, and delisting has become an inevitable thing.

Delisting operation steps

The operation steps of delisting mainly include the following aspects:

1. The company needs to announce the delisting plan before delisting and submit relevant application materials to the CSRC.

2. The company needs to send a notice to shareholders before delisting, telling them the time and reason of delisting.

3. The company needs to submit an application for delisting to the Exchange before delisting, and at the same time submit relevant application materials to the CSRC.

4. The Exchange needs to review the company's financial status to ensure that the company's financial status meets the requirements of delisting.

5. The exchange needs to delist the company's shares and delete the company from the list of the exchange.

6. The company needs to announce the delisting results to shareholders and investors, and submit relevant application materials to the CSRC.

The influence of Belle's delisting

Belle's delisting mainly affects the shareholders and investors of the company. For shareholders, delisting means that their shares can't be traded on the exchange, and they can't get dividends and bonuses. For investors, delisting means that their investment may suffer losses, because the stock price may be lower after delisting.

In addition, Belle's delisting also means that the competition in China women's shoes industry will be more intense. As a leading enterprise in women's shoes industry in China, Belle's delisting will bring more opportunities and challenges to other women's shoes brands. Therefore, for China women's shoes industry, Belle's delisting is also an important event.