8 Of The Textile Enterprises Reported &Nbsp, YOUNGOR'S Net Profit Ranked 1 Billion 200 Million.

WIND information statistics show that 72 of the 85 textile listed companies are profitable, and the net profits of the parent companies are over one million yuan, and only 13 companies have lost their performance.

The Securities Daily reporters found that 24 of the 72 listed companies in the textile industry accounted for more than 100 million yuan in net profit, and YOUNGOR ranked first in terms of the net profit of 1 billion 200 million yuan attributable to the parent company.

8 spinning enterprises report good news

YOUNGOR ranks first

According to the data released by the Ministry of industry and information technology, in the first three quarters of 2011, China's textile enterprises above Designated Size realized a total industrial output value of 39558 billion yuan, an increase of 29% over the same period last year. The growth rate dropped 1 percentage points from the first half of the year, and maintained a steady and rapid development.

The Ministry of industry and Commerce predicts that the textile industry will maintain a steady growth in 2011, and the growth rate will be basically the same as in 2010.

According to WIND information statistics, 24 companies belonging to 85 textile listed companies have a net profit of over 100 million yuan, such as YOUNGOR (1 billion 238 million yuan), Tong Kun shares (938 million yuan), Ordos (749 million yuan), Lu Tai A (717 million yuan), Hua Maogu (387 million yuan), nine Mu Wang (361 million yuan), Huafu color spinning (320 million yuan), seven wolves (289 million yuan), Luo Lai home textiles (280 million yuan), and wedding birds (280 million yuan) in the textile industry listed companies can enter the former name, while half of the listed companies in the top ranking companies are in the clothing industry.

Xiong Xiaokun, a light industry researcher at CIC, said: This shows that garment enterprises can pfer some of the cost pressure to consumers to a certain extent by raising the price of terminal products, and the price increase has become the main reason for the rapid growth of the profits of Chinese garment enterprises.

Data show that YOUNGOR's first three quarters of clothing sales revenue of 2 billion 700 million yuan.

For this relatively high achievement, Liu Xinyu, director of YOUNGOR Dongfang, said that garments did not include textile products to earn 463 million yuan, an increase of 28% over the same period last year, and the gross profit margin of clothing was as high as 65%.

Sales revenue of YOUNGOR clothing has been increasing this year.

According to Liu Xinyu's public data, "the growth rate in August was 35%, and the growth rate was 40% in September, and the sales situation is rising step by step."

She said: "the best selling is shirts, sales increased by 30%, casual pants increased by 48%, jackets grew by 55%."

Cotton price "roller coaster" sequela

Huafang textile lost 110 million yuan

Compared with the big profits made by garment enterprises, the profitability of other listed companies in the textile industry is weak. Especially cotton textile enterprises are faced with difficulties due to the ups and downs of cotton prices, and the performance of textile enterprises such as cloth, cotton and sand has also declined.

Such as: ST Xinlong, ST Maya, ST de cotton all lost more than ten million yuan, while Huafang textile ranked first in the bottom because of a loss of 110 million yuan.

Xiong Xiaokun, a light industry researcher at CIC, told the Securities Daily reporters: "from the data surface alone, the textile enterprises performed well in the three quarter, but this bright data has obscured the serious business situation facing the textile enterprises. Because the cotton price" roller coaster "has made the textile enterprises accumulate a lot of high priced stocks, the major textile enterprises are in a slow inventory digestion.

Xiong Xiaokun said that at the same time, overseas market orders fell sharply, and domestic labor costs rose and other factors became a difficult problem in the development of textile enterprises. Textile enterprises have not yet come out of the trough.

Data show that Huafang textile company lost three yuan net profit to its parent company in the 110 million quarter.

The company said that the weakening of the peripheral economy caused the international cotton price to fall sharply. China's open purchase and storage had tamped down the bottom of the cotton price. The international price differential will increase the import of cotton and the new cotton will be listed in October 2011. Therefore, cotton prices will not rise sharply in the short term.

In the early days of the company, a large number of high priced cotton stocks and high cost products were produced. The company forecast that the net profit from the beginning of next year to the end of the next reporting period will continue to suffer losses, which will drop sharply compared with the same period last year.

Sun Liwu, an information analyst at Zhuo Chuang, said that the lowest point of cotton prices this year appeared in August. Compared with the highest level of more than 31000 yuan / ton in March, it dropped by more than 60%, even though it was supported by 19800 yuan / ton reserve price, the current cotton price dropped by about 40% compared with the March high point.

Cotton prices change and accumulate high inventories

Orders decline and export shrinks

As a matter of fact, most spinning mills are more or less the same as China Fang textile, which has the situation of buying large quantities of high priced cotton stocks in the early stage and late selling products with high cost.

Data show that in 85 listed companies, 72 companies stock more than 100 million yuan; 12 companies inventory of over 1 billion yuan.

Such as: YOUNGOR (2 billion 395 million yuan), Ordos (4 billion 633 million yuan), red bean stock (3 billion 523 million yuan), Huafu color spinning (2 billion 52 million yuan), Zhongyin wool industry (2 billion 18 million yuan), URI Japanese stock (1 billion 844 million yuan), Rutai A (1 billion 757 million yuan), Rebecca (1 billion 420 million yuan), navigation day communication (1 billion 350 million yuan), Tong Kun stock (1 billion 95 million yuan) inventory is above 1 billion.

CIC consultant light industry researcher Xiong Xiaokun told reporters: "the large fluctuation of cotton prices has made the major textile enterprises accumulate more expensive stocks, which can be said to be the sequelae of cotton price changes, and is also the result of the current market environment. Compared with last year, the overseas market, especially the European and American market orders fell sharply, and the amount of single orders fell sharply. In some varieties, the overseas orders fell by more than 70%, and the textile factories in the eastern coastal areas started serious shortage, which to a certain extent affected the company's inventory."