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5 Textile And Apparel Stocks Increased Substantially Last Year.

2011/3/17 9:26:00 43

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Textile And Garment Investment Income Huamao Shares

Yesterday, the textile and garment industry disclosed that the net profit of the 7 comparable companies in the 2010 annual report has increased year by year, while the investment income of 5 companies has increased more than 1 times compared with 2009, and the investment income has made a greater contribution to net profit.

4 companies invest more than ten million dollars.

In the 7 comparable companies that disclose annual reports in the textile and garment industry, except for Tianshan textile (15.67,0.00,0.00%) (641 thousand and 100 yuan), the other 6 companies have more than 6 million investment income in 2010.

And *ST yuan fa (8.11,0.00,0.00%) (998 million 106 thousand yuan), Huamao shares (8.99,0.00,0.00%) (335 million 656 thousand and 500 yuan), Shenda group (9.25,0.00,0.00%) (127 million 652 thousand and 900 yuan) and 9.25,0.00,0.00% (14 million 484 thousand and 800 yuan) and so forth 4 investment income of the company last year exceeded 10 million yuan, the amount is relatively large.

And from

Income from investment

In terms of growth, the above 7 companies, except -1070.80%, have increased investment income in 2010 compared with the other 6 companies.

Among them, *ST yuan fa (56724.54%), Xinmin Technology (15.12,0.00,0.00%) (1622.06%), Fu Tian stock (394.86%), Huamao shares (255.60%) and Shenda shares (169.01%) and other 5 companies last year's investment income has increased by more than doubled, reflecting better financial management capabilities.

A typical example is *ST source. Its investment income in 2010 was as high as 998 million 106 thousand yuan, far higher than 1 million 756 thousand and 500 yuan in 2009, an increase of 567.25 times compared with the same period last year, while its net profit in 2010 was only 851 million 926 thousand yuan, an increase of 319.72% over the same period last year. In 2010, the investment income was 1.17 times of its net profit, most of which came from the implementation of its reorganization plan.

Its annual report 2010 revealed that the company reorganization plan has been completed during the reporting period.

In terms of the profit statement, the company has incurred a huge amount of impairment in assets, investment income and operating expenses.

This year the company is in bankruptcy reorganization stage, the company's original assets are all sold, the debt is exempt from Liquidation Liability, and the company assets and profits constitute a major change.

During the reporting period, the total amount of purchases made by the company's five suppliers totaled 221 million 716 thousand and 600 yuan, accounting for the year.

Purchase

The total sales amount is 38.31%; the total sales volume of the forward five sales customers is 96 million 681 thousand and 700 yuan, accounting for 15.34% of the total annual sales volume.

The net profit of 3 companies depends on investment income.

The above 7 companies accounted for more than 1% of their net profit in 2010.

Among them, Tianshan textile, 6.91,0.00,0.00%, 3 of the company's investment income accounted for a relatively low proportion of net profit, respectively, 7.93%, 1.72% and 1.02%.

The sharp contrast is made by *ST yuan FA, Huamao shares and Shenda shares. The net profit in 2010 is mainly derived from the relatively high investment income in that year. The contribution of investment income to net profit is above 63%, and it is not necessarily a good phenomenon for the main textile and garment companies.

More typical is

Huamao stock

。

Its investment income in 2010 was as high as 335 million 656 thousand and 500 yuan, much higher than that of 94 million 392 thousand and 200 yuan in 2009, an increase of 255.60% over the same period last year, while its net profit in 2010 was only 360 million 31 thousand and 700 yuan, up 406.40% over the same period last year.

In 2010, 93.23% of its net profit came from the investment income of that year. The proportion of these companies is only lower than that of *ST originating in the reorganization plan.

The increase in investment income last year is related to equity participation in financial institutions.

In its 2010 annual report, it disclosed initial investment of 79 million 420 thousand yuan, holding 79 million 420 thousand shares of Guotai Junan Securities Company, accounting for 1.69% of its equity; initial investment of 50 million yuan, holding 57 million 230 thousand shares of GF Securities (42.09,0.00,0.00%), accounting for 2.5% of its shares, and ending value of 3 billion 41 million yuan; initial investment of 78 million 700 thousand yuan holding 64 million 990 thousand shares of Hui Merchants Bank, accounting for 0.79% shares; and initial investment of 2 million yuan holding shares of Anqing Zhen Feng pawn Co., Ltd., accounting for its fractional share.

In addition, the company also participated in Guotai Junan Cci Capital Ltd (registered capital of 1 billion 376 million yuan) 2.15% of the shares.

In the first half of 2010, it received 20 million 481 thousand and 900 yuan of dividends from GF and received 6 million 498 thousand and 800 yuan from the Bank of Huizhou merchants.

In July 2010, the investment income of Guotai Junan was estimated to be about 7 million 941 thousand and 700 yuan, attributable to the investment income in 2010.

In January 2011, it disclosed that the company's GF Securities had expired in February 12, 2011.