Textile And Clothing: May Monthly Investment Income Is Unprecedented

1. summary of the Canton Fair - the direction has been clear.

The export situation of the 103 Canton Fair is not optimistic, with a total turnover of US $4 billion 990 million, down 11.4% from the previous year.

2.2007 performance review - investment income contribution to the past

The profit reached a record high: the share of textile and apparel sector reached 0.28 yuan, gross profit margin reached 17.61%, and the clothing sector reached 26%; the main business of garment industry was superior: in 2007, the main business profit growth rate of textile sector dropped sharply to 0.45%, while the garment sub sector showed a solid growth rate of 33.2%, far exceeding the growth rate in 2006. The net profit after deducting non recurring gains and losses reached 1 billion 713 million 170 thousand yuan, a significant increase of 57.08% over the same period last year. The investment income was unprecedented. In 2007, the investment income of textile and garment sector reached 3 billion 808 million 190 thousand yuan, an increase of 1078.89% over the previous year, accounting for 64.6% percent of the total profit of textile and garment industry, accounting for half of the net profit of the textile and garment industry.

3.2008, the first quarter is dull and dull.

In the first quarter of 2008, the textile and garment sector dropped by 82.77% compared with the same period last year. Net profit also dropped by 28.69% compared with the same period last year. Net profit in garment sub sectors was down by 42.21%.

4. industries maintain "neutral" rating

As we all know, the pressure on the textile and garment industry has springing up in 2008. The number of factories moving and closing down has been increasing. We expect that the profit margins will decline and the deficit will further expand.

The European Union and the United States remain the main trading areas of textiles and clothing, accounting for 37.3% and 14.5% of exports to the EU and the United States, accounting for more than 50% of the total volume of pactions.

Among them, the number of purchasers in the EU dropped by 9.8%, the Hongkong area decreased by 8.1%, the US decreased by 9.2%, and Taiwan, Korea and Japan fell by 6.9%, 9.5% and 28.4%, respectively.

Two, 2007 performance review - investment income contribution to the past

2.1, profits hit a new high.

From the 2007 annual report, the textile and garment industry has a record high profit, with earnings per share of 0.28 yuan, of which two of the textile and clothing sectors share earnings of 0.07 and 0.56 yuan respectively, and the profits of the clothing sector are particularly attractive.