Textile Sector Continued Expansion Of Financial Investment Territory

[world clothing shoes and hats nets]

In such an era of keen investment, few listed companies can resist the temptation of all kinds of investment, and the textile enterprises with small profits and fierce competition are attacking and looking for investment opportunities everywhere.

Looking through the annual reports of Listed Companies in 2009, we found that the layout of financial and securities investment of textile and clothing listed companies continued to expand, and YOUNGOR, the leader of the company, went on to attack in 2009 and participated in the private placement of Shanghai Pudong Development Bank and Suning Appliance Company.

29 home textile enterprises invest more than 7 billion 400 million yuan.

At the end of 2009, financial and securities investment assets (including stock investment, fund investment and long term equity investment assets) of listed companies remained high.

According to WIND statistics, as of April 19th, 594 of the 1324 listed companies that had disclosed annual reports in the Shanghai and Shenzhen two cities had financial securities assets, with a total investment amounting to 267 billion 331 million yuan.

By contrast, at the end of 2008, 782 of the 1718 listed companies in Shanghai and Shenzhen two cities had securities assets with a total investment of 277 billion 941 million yuan.

It is worth mentioning that, by the end of 2009, the ten largest listed companies in the investment amount, the name of YOUNGOR, a textile enterprise, was on the list, occupying eighth place with 5 billion 176 million yuan, an increase of 51.28% over the same period last year.

Although as of April 19th, 18 listed companies did not publish the 2009 annual report of the textile and garment sector (SFC), but the total investment in the financial securities issued by the company has exceeded 2008.

According to incomplete statistics, at the end of last year, 29 listed companies in the sector held a total scale of 7 billion 430 million yuan of financial securities assets.

By contrast, at the end of 2008, a total of 37 listed companies in the textile and garment sector held such assets, with a total investment of 6 billion 190 million yuan.

A large number of enterprises last year significantly raised the scale of investment is the main reason for the rapid rise in the overall scale of the textile and apparel sector investment in securities.

According to statistics, last year, YOUNGOR's investment in this area increased by 1 billion 755 million yuan, while the red bean share was pferred from the previous "one hair to another" and invested in 105 million yuan and 50 million yuan respectively in the red bean group finance Co., Ltd. and the Xishan Wuxi District Alfred rural microfinance limited company.

Stock investment accounts for nearly 10 billion.

Stock investment is still the most important investment mode of textile and garment sector.

According to statistics, at the end of 2009, the total investment in the A shares was 5 billion 423 million yuan, accounting for 72.98% of the total investment.

In fact, this investment last year also brought huge returns to listed companies.

At the end of last year, the initial investment amount of about 5000000000 yuan was reflected in the book value has changed to 14 billion 912 million yuan, float 9 billion 490 million yuan.

From the perspective of single stock investment, the most profitable project is YOUNGOR's investment in CITIC Securities and Shanshan stock investment bank of Ningbo.

Among them, CITIC Securities brought a profit of 3 billion 400 million yuan to YOUNGOR, which was 35 times more than the initial investment; Shanshan stock also earned a profit of 2 billion 419 million yuan on the Bank of Ningbo, which was 13 times that of the initial investment.

However, stock investment is not always a big profit. At the end of last year, textile listed companies "lost their fortune" on 16 stocks, resulting in a 68 million 526 thousand and 100 yuan Book loss.

Among them, the most serious loss is *ST Hua Kong, which has shrunk nearly half of its long-term equity investment in the deep crown last year. The initial investment amount of 101 million 540 thousand yuan was reduced to 59 million 167 thousand and 100 yuan at the end of last year, but the investment brought 822 thousand yuan to the company last year.

Jinlong shares offer Dongguan securities

In addition to stock investment, textile enterprises invested most in unlisted financial enterprises. At the end of last year, total investment amounted to more than 2 billion yuan, accounting for 26.91% of total investment.

From a single investment, the most generous investment was Jinlong shares. At the beginning, the company took 676 million of the 40% shares of Dongguan securities and successfully realized the two pformation (the first shift from textile to utilities and second to the financial sector), which brought 168 million yuan revenue to the company last year, accounting for 84% of the net profit of that year.

In view of the successful experience of the investment, Jinlong shares said that the company will also actively grasp investment opportunities in the financial sector in the future and continue to increase the proportion of financial assets held by the company through acquisitions or other means.

However, there are analysts who are worried about the continued contribution of Dongguan securities to the company's performance in the future.

Guotai Junan Securities Industry Analyst Liang Jing and Dong Le judged that the proceeds of the company's equity and asset pfer have dried up, while the water business will maintain a steady growth trend, and the future performance will depend on Dongguan securities.

Dongguan securities is still in a period of rapid expansion. The new business department and the IB qualification will help share and performance growth. But whether the new sales department outside the region can replicate the advantages of the region and whether the advantage of the region can continue under the background of the opening of the business department is still doubtful.

Coincidentally, a single investment in second shares of Hua Sheng shares is also aimed at securities companies.

The company invested 226 million yuan to hold 2.45% of Xiangcai securities, and the book income of the investment last year shrank to 11 million 350 thousand yuan.

However, Hua Sheng shares had another way of making money. By investing in shares and fighting new products, it gained 44 million 424 thousand and 700 yuan investment income in 2009, which successfully reversed the main loss situation and realized 5 million 563 thousand and 200 yuan net profit.

YOUNGOR's investment amount raised

Whether from the investment project or the amount of investment, YOUNGOR ranks first in the textile and garment sector.

Thanks to its taste in CITIC Securities Investment, YOUNGOR has increased its financial investment business in recent years, and has become a A share investment expert.

In 2009, through Dongfang Electric, Shanghai Pudong Development Bank and many other additional issuance, it made a big step in stock investment.

According to statistics, as at the end of 2009, the investment scale of the company in financial and securities has reached 5 billion 176 million yuan, which has risen by more than 5 yuan at the end of 2008, and the number of holdings has increased from 10 to 26.

In its financial securities assets, stock investment accounted for most of the initial investment amount of about 4 billion 846 million yuan, accounting for 93.62% of the total investment.

The book value of its shares rose to 11 billion 493 million yuan at the end of last year due to the investment.

In addition, YOUNGOR also held 18% and 14.97% stake in Zhejiang Merchants Property Insurance and Tianyi securities, with initial investment amount of 180 million yuan and 150 million yuan respectively.

YOUNGOR gained a lot of equity investment last year.

Data show that last year, the company's equity investment business achieved net profit of 1 billion 625 million yuan, an increase of 404.71% over the same period last year.

Combined with textile and clothing and real estate benefits, the company's net profit in 2009 reached 3 billion 264 million yuan, an increase of 106.18% over the same period last year.

The potential of future investment can not be ignored

In addition to YOUNGOR, investment in the past year took a larger step when the number of red beans shares, in 2009 the company invested 105 million yuan and 50 million yuan to invest in the red bean group finance company and Wuxi Xishan District Alfred rural microfinance company.

The two investments did not bring substantial gains to the company last year.

In 2009, the increase of foreign investment was also the essence of Vico.

Compared with the end of 2008, the company's total investment in financial and securities increased by nearly 4 times to 60 million 449 thousand and 500 yuan, and the number of shares increased from 6 to 11.

Up to the end of last year, the floating assets of these stocks amounted to 4 million 893 thousand and 100 yuan.

The main stock holdings of VIC essence are big business shares, chengshang shares and ST Portuguese. The initial investment amount is 44 million 123 thousand and 600 yuan, 6 million 721 thousand and 600 yuan and 3 million 286 thousand and 600 yuan respectively.

The bank benefited most from the Bank of communications, which gained 5 million 119 thousand and 400 yuan at the end of last year.

Although Vic's performance increased substantially last year, the absolute amount is still relatively small.

2009's performance was general.

According to the annual report, in 2009 1~12, the company achieved a main revenue of 2 billion 198 million yuan, down 10.62% compared to the same period last year, and net profit was only 23 million yuan, up 410.3% over the same period last year.