Cotton Spinning Enterprises: Difficult Pformation Of Market Downturn

At present, the textile market is still in the doldrums, and textile enterprises are still in a difficult pition period.

International and domestic

Sluggish, fluctuating cotton prices and relocation of some old factories in the urban areas.

With the influence of diverting and resettlement, Changshan's share income has decreased, its cost has increased, and its profit level has declined.

The performance report shows that the company expects to lose 65 million ~6000 yuan in the first three quarters of this year, and the deficit will be further enlarged.

It is understood that in the same period last year, Changshan shares lost 47 million 420 thousand yuan.

At the same time, there are also losses in the German cotton shares, the report shows that in 2014 1~9 loss of 33 million 721 thousand and 800 yuan, an increase of 216.65% loss.

The company said that the company was mainly affected by the continued downturn in the market, operating performance declined and gross margin declined.

However, de cotton shares continue to peel.

The main industry is involved in iron ore business and fund management business.

In October last year, the restructuring of Tianshan textile realized losses, the company's net profit in the first three quarters of 39 million 186 thousand and 400 yuan, an increase of 95.12% over the same period, earnings per share of 0.0838 yuan.

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At present, the textile and garment industry is still in a difficult pformation, and the basic situation of the industry has not yet been significantly improved.

In this regard, GF Securities said that the brand clothing enterprises began to reflect more on the traditional management mode of horse racing enclosure, and the future test of brand clothing companies is more "internal strength" training level.

However, there are many bright spots in the performance report.

The three quarter is the traditional off-season for the clothing industry, but the performance of Hai Lan's home after the reorganization of assets is far beyond the imagination of the people.

According to its performance report, the company achieved operating income of 8 billion 145 million yuan in 1~9 months, an increase of 70.5% over the same period last year, and a net profit of 1 billion 613 million yuan, an increase of 83.57% over the same period last year.

In addition, in the whole industry "cold", the home textile industry has entered the "spring" early.

The three quarterly reports of the home textiles, Meng Jie home textiles and fuanna performance have gradually stabilized, and the net profit growth rate in the first three quarters has been maintained at 14%~17%.