Horse Race Enclosure: Continuous Expansion Of Financial Sector Investment In Textile Sector

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 transferred 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.