Fifteen Years Of Pformation Of China Leather City In Haining
Due to the pressure from the textile and garment industry and the changes in fair value of trading financial assets, the Chinese garment industry has achieved net profit of -1594.80 million in 08 years and 1-9 months.
Chinese clothing (000902) announced quarterly reports, 08 yuan 1-9 months earnings per share -0.062 yuan, net assets of 1.246 yuan per share, net assets yield of -4.96%, operating income of 1 billion 434 million 575 thousand and 100 yuan, down 2.24% over the same period last year, net profit -1594.80 million yuan, up to the year from profit to loss company's main business is textiles, knitwear, leather products, clothing, clothing, shoes and hats production and sales. Because of the appreciation of the renminbi, the export business of the company has been greatly impacted and restricted, and many unfavorable factors such as the rising price of raw materials and labor have also brought pressure on the operation of the company. At the same time, the company is also affected by factors such as the fair value of trading financial assets held, resulting in the three quarter 08 years ago. But the company is actively promoting structural adjustment, while controlling trade volume and paying attention to trade structure adjustment.
The company intends to build a Chinese garment (Xiantao) industrial city in Xiantao to undertake the pfer of garment industry. The total investment of the project is about 1 billion 200 million yuan (the intensity of investment is not less than 80-100 yuan / mu), and the gross output value can reach 30 - 5 billion. The people's Government of Xiantao, Hubei province has promised that in the light of the overall investment amount of the garment industry city project, the corresponding support from the local banks to credit and financing should be given to the local banks. The preliminary plan will be completed by the end of 2008, and 500 mu of infrastructure construction will be completed before the end of the year. The construction of 500 mu of infrastructure will be completed in late June 09, and the first phase of construction will be completed by the end of 09.
The textile industry has a tendency to shift from coastal to inland. In the outline of the textile industry "11th Five-Year development" issued by the development and Reform Commission, the "advancing gradient pfer of textile industry" is an important measure for the next five years.
Sun Huaibin, director of the China Textile Industry Association Information Center, said that the growth rate of investment in the central textile industry was much higher than that in the eastern and western regions. For Hubei, the textile industry is facing great opportunities. Hubei province efforts to build "hundreds of billions of projects", by 2010, the textile industry sales revenue of the province "strive to reach 100 billion yuan". Because of the relatively strong foundation of the garment industry in Xiantao, the company set up a garment city here, which is conducive to the use of local raw material resources and labor advantages.
The company announced in August 12, 2008 that the company intends to sell Foshan Shunde District Zhongfu textile printing and dyeing Co., Ltd. 70% stake. If the pfer price is 48 million 925 thousand yuan, the impact of the paction on the company's profits will be 1 million 895 thousand yuan; if the share pfer price is full 39 million yuan within one year from the date when the agreement comes into effect, the impact on the company's profits will be -803 million yuan.
Data released by the Customs show that in 2008 1-9, China's textile and apparel exports totaled 136 billion 940 million US dollars, an increase of 8.12% over the same period of 07 years, and the export growth rate continued to slow down. Among them, the total exports of textiles amounted to 49 billion 860 million US dollars, and clothing exports totaled 87 billion 80 million US dollars, with the growth rates reaching 21.34% and 1.76% respectively, up 7.14 percentage points and 21.24 percentage points respectively over the same period last year.
The Ministry of Finance announced that from November 1st, the export tax rebate rate of some labor-intensive, high technology and high added value commodities should be appropriately raised. The export rebate rate of some textiles, clothing and toys increased to 14%. This will lighten the burden of export enterprises and enhance their export competitiveness.
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