Expansion Period "Magic Spell" - 21 Listed Textile Enterprises Three Quarterly Report Divulging High Cost Worries

Fourth quarter, along with A shares continued upside, the textile and garment sector continued to rise. Since October, as of November 19th, Shenyang Wanguo textile and garment sector index rose 7.72%.

According to WIND statistics, in the first three quarters of this year, 67 listed companies of shwan textile and garment sector (excluding major change Hong Kong Holdings and four ring organisms) achieved operating income of 94 billion 295 million yuan, an increase of 26.15% over the same period last year, and net profit of 4 billion 741 million yuan, down 3.61% from the same period last year.

The decline in overall profit margins is mainly driven by a decrease in YOUNGOR's investment returns.

Data show that the company's investment income in the first three quarters of this year decreased by 31.65% compared with the same period last year, resulting in a decrease of 215 million yuan in net profit from the same period last year.

After YOUNGOR was removed, the net profit of the textile and garment sector in the first three quarters increased by 23.2% over the same period last year.

Most of the companies in the sector grew in business revenue.

According to statistics, in addition to *ST Far East, ST crown A,

Among them, 25 companies operating income grew by more than 30% over the same period, and 6 companies increased by more than 50%.

ST Miya, Hong Kong Group and cashmere industry settled the top three companies. Operating income in the first three quarters of this year increased by 139.45%, 135.4% and 88.15% respectively.

The net profit of 47 companies in the plate improved year by year, accounting for 70.15%.

17 companies had an increase of more than 100% in profits.

ST crown A, Haixin shares and phoenix bamboo textile are among the best. Net profit increased by 2537.16%, 1088.27% and 419.21% respectively over the same period.

Comprehensive evaluation of the two indicators shows that Hong Kong shares,

From the comparison of the upper and lower plates, the overall level of development is basically balanced.

The 37 textile companies achieved an operating income of 47 billion 900 million yuan, an increase of 25.15% over the previous year, and a net profit of 1 billion 702 million yuan to shareholders of the parent company, an increase of 22.05% over the same period last year.

The 26 apparel companies achieved operating income of 46 billion 395 million yuan, an increase of 27.21% over the same period last year. The net profit of the parent company was 3 billion 39 million yuan, a decrease of 13.76% over the same period last year, and net profit rose 24.06% after the YOUNGOR was eliminated.

It is noteworthy that, at the same time facing the "high cotton price era" and "inflation expectations strengthening", the downstream collectives suffer from high cost.

The shift of upstream raw material costs will force garment companies to upgrade and seek high added value competitiveness.

Before the value-added front end of the subsidiary companies, had to overcome the expansion period of anxiety, in the issuance of shares, while optimizing product lines and talent team to accumulate stamina.

The completion of the first phase of the financing of downstream new shares, because of the expansion of business scale caused by phased risks, growth slowed down or even a fait accompli.