The Nanjing based C.banner International Holdings Ltd. (1028.HK) Co., Ltd. issued a surplus police on Friday. It is estimated that the net loss will be 80 million yuan in 2018.

The Nanjing company also said that the loss was not included in the impairment loss as a result of the impairment of goodwill. At the end of January, a number of A share companies issued a pre tax surplus resulting from the impairment of large goodwill, with the largest loss of nearly 8 billion yuan.

For the whole year, thousands of degrees say, mainly due to the expiration of some agency brand distribution agreements, cleaning agent brand inventory results in losses, in the second half of the second half of employee stock incentive to increase the cost of payment.

Under the deleveraging policy, the company experienced an extremely turbulent 2018. The company experienced no acquisition of House of Fraser, and even heard that it even sold its toy brand Hamleys.

In addition to its own business downturn, the volatility of the company is mainly controlled by the associated company Nanjing Xinjiekou department store Limited by Share Ltd (600682.SS) (hereinafter referred to as "Nanjing new hundred"). The paction of House ofFraser also comes mainly from Nanjing new 100, but House of Fraser is finally unable to pass the rescheduling scheme, and after the application for bankruptcy trusteeship, it was bought by British sports tycoon Mike Ashley.

In the 7 months of 2018, it experienced a cliff breaking crash of more than 70% a day's share price, and the experience was related to the new hundred pactions in Nanjing.