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Chinese Apparel Net Profit For The 08 Years Increased By 124.62% Compared With The Same Period Last Year.

2008/8/12 14:42:00 63

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The 08 annual report shows that the company achieved a business income of 965 million yuan in the 08 year period, down 2.72% from the same period last year. Net profit -1248.62 million yuan, compared with -555.89 million in the same period of 07 years, the loss increased by 124.62%; the basic earnings per share of the company were -0.048 yuan.

The August 12th mid term report of Chinese clothing showed that during the reporting period, the company achieved operating income of 964775715.46 yuan, an increase of 12.29% over the same period in 2007, operating profit of -12577698.53 yuan, and -1359165.83 yuan in 2007, and net profit of -12486221.42 yuan, compared with -5558940.99 in 2007 -5558940.99, the loss increased by 124.62%; and the basic earnings per share of the company were -0.048 yuan.

In the first half of 2008, the company began to adjust its main business, promote asset restructuring, actively expand its business, optimize its ownership structure and improve its management level.

We should develop and adjust our main industries and foster competitive advantages.

In order to stabilize exchange rate risks, China Textile Federation has focused on import and self business development while maintaining stable export business, and has achieved the improvement of export business quality and the coordinated development of import and export business.

Bao, cashmere business basically stopped, special products business grew faster, developed the customers of Georgia, Armenia, Canada and other countries, expanded the business of professional clothing; Huili printing and dyeing met the difficulties of rising energy and raw materials prices, enhanced management and actively developed, while gaining sales growth, strengthened the development of special function finishing and high value-added products such as coating and fluorescent products, and optimized the sales structure. Bei'an company has developed in the aspects of variety selection, retting methods, equipment pformation, organic certification and identification, etc. the quality index and performance index of hemp fiber and yarn have basically been formed, and the cost accounting system has been initially established, and began to cooperate with Zhaorong, HANKOOK, VICCO and other companies in processing and marketing business. At the same time, the trade in the company is under pressure.

Promote asset restructuring.

In order to improve the quality of the company's assets, the company carried out an asset replacement with the major shareholder, and the Han Bo made a replacement with the 39 million yuan receivables of Zhejiang building and COSCO International Center, which solved the company's office space and improved the quality of the company's assets.

In the increasingly serious trade environment, from the perspective of reducing management level and avoiding risks, China Textile Federation will pfer the 51% stake in China Unicom through listing, and the listing price will be 4 million 641 thousand yuan based on the audit evaluation value.

Actively develop business.

In order to open up business, various units and departments participated in the March national clothing and accessories fair, and set up special booths on clothing, fabrics and yarn exhibitions respectively.

The yarn exhibition is mainly made of hemp products, and more than ten kinds of yarns have been developed, which has played a good publicity effect.

The fabric exhibition is based on Huili, exhibiting some special and new fabrics, and reaching some cooperation intentions with some customers.

In 2007, China spinning Union obtained the franchise of DuPont Co's COOLMAX (high moisture sports and sweaty top quality sports leisure fabric) and the domestic sales of Anti Japanese pilling fiber tow fiber 80% in Dongli, Japan. In the first half of 2008, it chose men's business dress as the main development direction, registered the trademark of Pohl Gene, screened the fabrics, optimized the style design, and prepared the series of men's business clothes with business characteristics and fashion features. It made the home textile products as the breakthrough point, and has already obtained the supplier of the direct supplier of WAL-MART, the largest company in the world.