The Extensive Growth Of Home Textile Industry Is Difficult To Follow. Roley'S Home Textile Forecast Has Changed Face.

Due to macroeconomic and internal management factors,

The revision of the earnings forecast from the growth to the decline.

Roley's home textile stocks closed on the 11 day, and home textiles stocks such as Meng Jie home textiles were plunged.

Securities companies, social security, insurance funds and other funds, such as Guotai Jinma and other funds to step on the performance of "mine stock".

Analysts pointed out that

Extensive growth has been difficult to sustain, and the two quarter is the selling season for home textile industry.

Three major factors, such as internal management, etc.

According to the Shenzhen stock exchange information, Luo Lai home textile July 11th released the mid day performance correction announcement. It is estimated that net profit in the first half of this year will be 113 million 700 thousand yuan -16243 million yuan, a decrease of 0%-30% over the same period last year.

Roley home textiles said that the main reason for the difference between the revised performance and expected performance is that sales revenue growth is lower than expected under the macroeconomic environment and internal management factors. Two, the cost increase exceeds revenue growth; three, government subsidy income is less than that of the same period.

A quarterly report showed that the net profit of home textiles was 106 million 343 thousand and 800 yuan, down from 55.27% in 2011 to 6.33%.

In a quarterly report, Luo Lai home textile expects net profit in 2012 1-6 months attributable to shareholders of listed companies increased by 0.00%-30.00% over the same period last year, due to the company's efforts to increase product development, strengthen channel construction and control.

Chief executives' change and resignation of chief financial officer and former auditor

It is worth noting that during the two first half performance notice issued by the Luo Lai textile company, the company has experienced personnel changes in financial executives.

In May 18th, the announcement of Luo Lai home textile showed that Mr. Tian Lin, the head of the former internal audit department, submitted his written resignation to the board of directors due to changes in internal work, and applied for resignation from the head of the internal audit department.

He agreed to replace Mr. Xie Shubin as the head of the company's internal audit department.

At the same time, Luo Lai home textile announced that the chief financial officer, Zhong Li, resigned from the company's chief financial officer for personal reasons and appointed Mr. Tian Lin as chief financial officer of the company.

Home textile stocks have plummeted insurance, brokerages, funds to see eye trampled "landmines"

According to the performance notice "increased by reducing", Luo Lai home textile opened in July 11th, and increased during the opening period, but it was eventually sealed at the limit plate and reported 64.70 yuan.

Roley's home textile price hit a record high of 94.75 yuan last year.

This year, there has been a broad trend of concussion, which has fallen by 12.06% in recent days.

Affected by the home textiles of Luo Lai, Meng Jie home textile also fell sharply on the 11 day, and once down, it closed 8.73% yuan for the whole day, or 8.73%, and fuanna dropped 3.86%, closing at 44.57 yuan.

As of today's closing, Meng Jie home textiles has fallen 20.37% this year, and fuanna has increased 13.01%.

Because of the change in the first half of the year's performance, home textile stocks plummeted to a large number of institutional investors.

Roley family textile quarterly report shows that as of March 31st, Guotai Jinma steady returns and other 16 funds held 15 million 262 thousand and 900 shares, accounting for 37.81% of the circulation shares, and the Orient Securities held 1 million 864 thousand and 900 shares, accounting for 4.62% of the circulation shares.

Similarly, Meng Jie home textile has also become a large number of large number of institutions. In the first quarter, social security, insurance funds and 7 funds hold 17 million 916 thousand and 100 shares, accounting for 38.56% of the total circulation shares. Fuanna is also holding 12 million 895 thousand and 700 shares by brokerages, social security and 8 funds, accounting for 38.15% of the circulation shares.

The rapid growth of home textile industry slows down and shops

Some analysts pointed out that the profit of home textile industry is generally lower than the market expectation in the first quarter of this year. Due to the slow growth of the macro-economy and the severe regulation and control of the real estate market, the pace of rapid growth of the home textile industry began to slow down.

The low growth of leading enterprises' operating income also reflects the sustainability of extensive growth in the home textile industry.

Combing the above three listed companies' performance forecasts in the first half of the year, it is found that the performance of the three companies has dropped to varying degrees in the first quarter.

The first quarter net profit of Meng Jie home textiles was 23 million 496 thousand and 800 yuan, up to 17.68% compared to the same period, while the net cash content of the net profit fell to -392.50%.

The net profit attributable to shareholders of Listed Companies in the first half of this year is 0.00%-30.00% higher than that of the same period last year. The net profit of fuanna in the first quarter was 76 million 919 thousand and 100 yuan, up to 29.77% compared to the same period last year. Its net profit attributable to shareholders of listed companies in January -6 is up 0.00%-30.00% over the same period last year.

Minsheng securities

Analyst Wu Xiaoyu said that the two quarter was the off-season sales of home textile industry, and the proportion of sales accounted for less than 20% in the whole year.

Considering that this year's franchisee's willingness to open shop is generally not strong, high quality growth takes time to pition, so the outlet for home textile enterprises is still open shop.