• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    "False, Casual, Unknown" Constitutes The Three Major Problems In The Market Of Textile Enterprises.

    2011/7/14 14:47:00 37

    False Listing Of Textile Enterprises

    stay

    Spin

    clothing

    list

    In July, when the company's semi annual report was about to begin, the standardization of information disclosure became the focus of the market.

    The author notes that in the textile and apparel listed companies, information disclosure is not only too unexpected, but also has many defects, such as information disclosure is not detailed, information disclosure is inconsistent.

    As a result, investors are suffering from losses.

    capital

    The market is not uncommon.


    Taking the performance notice of listed companies as the observation point, we can often see the characteristics of the changing trend, especially when the semi annual report is about to begin.

    It is noteworthy that the performance notice of the listed companies is "patch" phenomenon, which is obviously suspected of false statements. The typical representatives of the textile and garment sector are Xinmin technology, fuanna, Huafeng spandex and Jiangsu broad-minded.

    Except for fuanna, the other three companies have revised their earnings forecasts downwards.


    Stubborn disease one: very false


    From the notice to the "patch", the interval was only two or three months in the middle. When they first announced, did they not have any idea about their business?


    Xinmin Technology issued an unexpected announcement in July 2nd: it announced that the net profit of the company in the first half of the year dropped by 15% to 35%, about 40 million yuan to 31 million yuan, while the company posted a quarterly report in April, and the net profit in the first half of the year increased by 60% to 90%.

    In the first quarter, the company has realized net profit of 34 million 220 thousand yuan, which means that the company may lose its business in the two quarter.

    10 days after the July 2nd performance amendment announcement, the company disclosed its performance Bulletin: in 2011, its earnings per share were 0.1 yuan, 1-6 yuan in net assets per share, 3.03 yuan in net assets, 3.46% in net assets yield, 1 billion 341 million yuan in operating income, 66.78% increase in the same period last year, 38 million 293 thousand yuan in net profit, and 17.64% decrease in the same period.

    According to the express analysis, the increase in total business income during the reporting period is due to the increase in the production of polyester FDY filament products in the first phase of the first phase of the production line of the differential fiber polyester filament production line during the reporting period, and the increase in the yield of synthetic filament yarn has been caused by the increase in the production of polyester filament FDY products.

    Net profit reduction is due to the sharp decline in the average gross profit margin of polyester FDY filament in the two quarter, resulting in a significant reduction in operating profit and an increase of about 11 million 500 thousand yuan in terms of R & D expenses.


    Huafeng spandex July 11th announcement, the company announced in the April 25, 2011 "first quarter 2011 report" revealed that the 2011 half year attributable to shareholders of listed companies net profit decreased by less than 30% over the same period last year, is now revised as expected in the first half of April 25, 2011 net profit of 96 million 681 thousand and 400 yuan, a year-on-year decline of 45.8%, basic earnings per share of about 0.13 yuan.

    The reasons are as follows: raw material purchasing price and labor cost increase a lot from the same period last year. Due to the severe fluctuation of the price of main raw materials, the demand for Spandex Products in downstream textile enterprises is restrained, resulting in a decline in sales of spandex. The sales price of spandex has been greatly reduced since the beginning of May 2011.


    The announcement of Jiangsu's broad-minded July 6th and 2011 1-6 month net profit were revised up to 10% to 25% over the same period. The estimated profit was 60 million 360 thousand yuan to 68 million 500 thousand yuan, and the net profit was 54 million 871 thousand and 800 yuan in the same period last year.

    Performance correction reasons: 1, gross profit margin fell compared with the same period last year. In 2011, the automotive industry was affected by policies and the boom degree decreased. At the same time, the upstream raw material prices rose year by year, resulting in a significant decrease in the gross profit margin of the company in the first half of the year. 2, the R & D expenses increased year by year, and the R & D expenses in 2011 increased by about 5 million yuan compared with the same period in 2011. In the 3 and 2011, the investment income decreased in the same period last year. In the first half of 2010, the company sold 75% shares of Changzhou Damon dyeing and finishing Co., Ltd., with an investment income of 9 million 51 thousand and 300 yuan.


    In July 2nd, fuanna announced that in 2011, net profit in 2011 increased by 30% to 50% compared to the same period last year, and net profit was 47 million 786 thousand yuan in the same period last year.

    The net profit attributable to shareholders of listed companies is now increased by 70%-90% over the same period last year, and the profit is 81 million 236 thousand yuan -9079.3 million yuan.

    The reason for performance correction is that the growth of the industry is in line with expectations, and the sales situation of the company is relatively satisfactory. The company accurately predicted the price trend of raw materials, appropriately increased the stocking amount of raw materials, and effectively controlled the cost, resulting in an increase in gross profit margin over the same period.


    There are more listed companies in the "patch" of listed companies and small and medium-sized companies. This also shows that these companies are less able to resist risks and their performance is uncertain.

    According to the regulatory department's requirements for information disclosure of listed companies, timely, objective, complete and true is the basic criterion that listed companies should follow in the process of information disclosure.

    A brokerage analyst believes that the rapid change of performance notice is neither objective nor realistic.

    Moreover, from the notice to the "patch", the interval was only two or three months in the middle. When they first announced, did they not have any idea about their business?

    {page_break}



    Stubborn disease two: too casual


    In a series of company information disclosure, investors never know the specific targets of the major asset acquisition and the specific issues of stock issuance.


    In May 17th, Huafang textile produced a farce which aroused strong doubts in the market.

    In April 11th, the company's controlling shareholder Huafang Group Co., Ltd. is planning a major asset reorganization for the company.

    The company stopped planning for major asset acquisitions and non-public offering of shares, during which it also said that the audit and evaluation of assets to be injected will be completed soon. The company intends to no longer disclose the reorganization plan and directly disclose the formal report of the reorganization.

    After less than a week later, the reorganization stopped abruptly.


    The explanation given by Huafang textile is: after argument, in view of the recent major changes in the market environment, the performance of assets to be injected will fluctuate greatly, and there will be major uncertainties in the continuation of the reorganization.

    In a series of company information disclosure, investors never know the specific targets of the major asset acquisition and the specific issues of stock issuance.


    In May 17th, the company shares the stock again.

    As of June 20th, Huafang textile company hit a new low of 8.55 yuan, which has fallen 41.39% in 24 pactions after resumption.

    Compared with the closing price before restructuring, the market value of the company was evaporated, and investors who had been fooled by information disclosure suffered heavy losses.

    The "integrity" of listed companies is publicly trampled.


    Stubborn disease three: big unknown


    "According to the rules of information disclosure of listed companies, we should disclose the total business revenue of the top five customers and the proportion of the total business revenue of the company."


    According to reports, Busen shares announced that it will use the 120 million yuan raised in the 6 major central cities in the country to purchase 6 square shops with a total construction area of 2250 square meters, and 6 direct shops and comfortable life concept stores. At the same time, 20 cities in 20 major cities under the 6 major central cities are leasing a total of 7500 square meters of business space and opening 20 direct flagship stores.

    The six major cities include Beijing, Hefei, Guiyang, Hangzhou, Shenyang and Lanzhou.


    It is understood that in the urban area of Beijing, there are no other stores in Busen stock.

    Of the 8 existing stores, 6 are mainly located in Guotai department store and Xidan shopping center in Shunyi, Miyun and Liangxiang; the other 2 are located in zhe Shun department store and Beijing Bai Rong World Trade Center.

    They are all in store stores. At present, there are no franchisees in Beijing.


    However, in the draft prospectus, Busen shares still used the words "Beijing franchisee" in the details of the top 5 accounts receivable arrears.

    According to the disclosure, as of December 31, 2009, Beijing franchisee still owes 4 million 648 thousand and 400 yuan to Busen shares.

    Since Beijing has no first tier franchisee, which legal person or individual does this allegation refer to?


    "This is not a financial analysis report for different regions. The disclosure should be specific to a single legal person or individual."

    A financial manager said, "according to the rules of information disclosure of listed companies, the total revenue of the top five customers should be disclosed, and the proportion of the total revenue of the company."

    • Related reading

    Zhejiang'S Textile And Garment Exports Increased By More Than 20% In The First Half Of This Year.

    Finance and economics topics
    |
    2011/7/14 14:41:00
    56

    China'S Textile And Clothing Export Volume Increased By 26% In The First Five Months.

    Finance and economics topics
    |
    2011/7/14 14:31:00
    43

    Venture Capital Tracks Taobao Store &Nbsp; "Amoy Brand" Usher In Capital Spring.

    Finance and economics topics
    |
    2011/7/13 13:48:00
    82

    China Has Become The Largest Importer Of Coconut Shell Fiber In India.

    Finance and economics topics
    |
    2011/7/13 11:32:00
    45

    The Depreciation Of The Euro Has Led To The Overall Rise In Global Luxury Prices.

    Finance and economics topics
    |
    2011/7/13 9:57:00
    64
    Read the next article

    Men'S Super Short And Fresh Wind Show Their Muscles And Legs.

    主站蜘蛛池模板: 亚洲性无码av在线| 国产精品亚洲片在线观看不卡| 四虎1515hh丶com| 国产乡下三级全黄三级bd| 亚洲欧美中文日韩欧美| 中文字幕在线观看亚洲日韩| 久久福利视频导航| 毛茸茸性XXXX毛茸茸毛茸茸| 大学生男男澡堂69gaysex| 午夜老司机在线观看免费| 一本高清在线视频| 色窝窝亚洲av网| 日韩欧美三级视频| 国产午夜亚洲精品不卡| 久久96精品国产| 青青国产成人久久91| 极品丝袜乱系列目录全集| 国产成人精品免高潮在线观看| 亚洲最大av网站在线观看| 拍拍拍无挡视频免费观看1000| 污污免费在线观看| 国产精品亚洲综合久久| 久热中文字幕在线精品免费| 六月丁香激情综合成人| 日韩高清在线不卡| 国产福利精品视频| 亚洲免费色视频| 91香蕉短视频| 手机看片福利在线| 国产一级特黄生活片| 一级毛片在播放免费| 男人把女人桶到爽| 天堂网最新版www| 亚洲日韩中文无码久久| 黑白配hd视频| 日韩欧美三级在线| 又紧又大又爽精品一区二区 | 欧美日韩国产在线人成| 夜先锋av资源网站| 亚洲综合五月天欧美| 99久久精品费精品国产一区二区|