Because Of The Sharp Decline In Net Profit Growth In Textile And Garment Industry, A Large Number Of Layoffs Have Been Made.

In May 4th, the annual reports of Listed Companies in Shanghai and Shenzhen two cities in 2011 ended in late April.

73 listed textile and garment enterprises totaled 166 billion 753 million yuan last year, an increase of 15.63% compared to the same period last year. Compared with the double-digit growth of revenue, the profitability of textile and garment enterprises dropped to a single digit. Last year, the net profit of shareholders belonging to the parent company was 12 billion 470 million yuan, an increase of only 2.16% over the same period last year. The growth rate dropped sharply, and the data increased by 28.95% in 2010.

Performance growth fell sharply, Huafang textile surplus loss 295 million yuan first

According to Wind statistics, the 73 listed companies

The overall profitability of enterprises declined significantly, of which 26 companies net profit fell.

ST de cotton, ST Xinlong, ST Zhong Guan, ST Miya, Huafang textile and phoenix bamboo textile appear to be damaged by profit, leading to net profit falling the top six, down 1612.88%, 1070.64%, 523.15%, 506.34%, 310.55% and 117.93% respectively.

Net loss of net profit attributable to parent company is 98 million 949 thousand and 300 yuan, 28 million 713 thousand and 300 yuan, 17 million 361 thousand and 600 yuan, 74 million 36 thousand and 200 yuan, 294 million 866 thousand and 700 yuan and 16 million 777 thousand and 800 yuan.

Huafang textile lost 295 million yuan, becoming the most serious loss company in the textile and garment industry.

And Mei Xinda, Jinying shares, Jiangsu three friends, cashmere industry, Fujian Nanfang textile industry has become the industry's top five growth. In 2011, the net profit attributable to parent company shareholders has increased by more than doubled.

Five the net profit attributable to parent company last year increased by 934.02%, 163.37%, 153.83%, 117.66% and 109.79%, respectively.

Total inventory rose red beans and other 10 companies accounted for over 50% of current assets.

Statistics show that 73 textile and garment enterprises last year inventories of 66 billion 298 million yuan, compared to 54 billion 942 million yuan in 2010, an increase of 20.67%.

Inventories rose to 43.32% of current assets, up 1.39 percentage points from 2010.

According to sub enterprises, five companies, such as the Jiangsu group, the search engine, the Zhejiang sunshine, the Zhejiang rich and the Pathfinder, ranked the top five in inventory growth last year.

Their inventory last year was 269 million yuan, 349 million yuan, 464 million yuan, 235 million yuan, and 178 million yuan, respectively, which increased by 154.25%, 142.42%, 112.75%, 110.53%, 99.46%, while the five company's inventory growth rate in 2010 was relatively low, namely, five, five, -12.98%, 99.46%, and 154.25%.

The increase in inventories has also led to a corresponding increase in the proportion of some companies' inventory in current assets.

China Securities channel combing shows that ST, Maya, Hong Kong shares, YOUNGOR, cashmere industry, URI shares, China Textile shares, Huasheng shares, Huafang textile, San Mao Pai Shen and Lu Tai A10 stock account for more than 50% of liquid assets.

ST Miya 84.52% topped the list, followed by Hong Kong shares, YOUNGOR 81.28% and 75.09% respectively, compared with 2010 increased by nearly 10 percentage points.

In the same period of overall inventory growth, 16 companies' inventories declined year-on-year.

ST crown, Victor essence, ST de cotton, Huafang textile, Chinese clothing inventory fell 62.19%, 52.06%, 42.89%, 36.15%, 24.45%, compared with the same period.

However, it is noteworthy that ST Zhong Guan, ST de cotton and Huafang textile industry all suffered heavy losses last year.

The number of employees is reduced, and YOUNGOR has laid off 17 thousand and 200 people.

In the 73 textile and garment enterprises, excluding the two companies listed last year, the number of employees in the 71 companies decreased by 22179 to 347068 last year, a decrease of 6% over the same period last year.

Combing shows that last year, a total of 36 companies were downsizing, that is, half of the companies listed on textile and clothing companies were implementing the staff reduction plan.

Among them, the number of employees is reduced by more than 1000.

, Huafu color spinning, ST de cotton, Jihua Group, Xinye textile, Xun Xing shares and Changshan shares decreased by 17199, 3314, 3131, 1837, 1478, 1317 and 1210, respectively.

YOUNGOR's loss of 17199 people has undoubtedly become the most tragic company in the industry, and its number of layoffs exceeds the total of the remaining 35 textile and garment enterprises, accounting for 77.55% of the total number of 71 companies in the last year.

Data show that YOUNGOR's profitability continued to decline.

In 2009, 2010 and 2011, the growth rate of YOUNGOR's net profit was 106.17%, -18.13% and 34.03% respectively.

Net profit in the first quarter of 2012 was 256 million yuan, down 34.26%.

Compared to YOUNGOR's layoffs, Saturday, fuanna, keno technology, home textiles,

Last year, the number of employees increased by the top five, increasing by 1579, 1121, 1119, 784 and 710 respectively.

But it is worth noting that the stock of the group rose 1.5 times over the same period last year.