Huge Compensation To Boost Huafang Textile Strong Trading

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The business scope of the company is: Needle textile, clothing manufacturing, textile raw material sales, industrial investment, operation of the export business of self produced products and technology of the enterprise; operation of import and export business of raw and auxiliary materials, instruments, meters, mechanical equipment, spare parts and technology required by the production and scientific research of the enterprise (except for commodities and Technologies Prohibited and exported by the state); and processing of feed processing and "three to one complement" business; sewage treatment and environmental protection project construction and management.

On the 18 day, textile stocks were active.

Among them, Huafang textile (600273) received a refund of principal and interest of 12 million 317 thousand yuan due to disputes over enterprise loan contracts.

For this windfall, the amount is not small.

A quarterly report shows that the company lost 24 million 579 thousand and 600 yuan, so the compensation for the company's financial data can be significantly improved, yesterday's stock price increase played a boost role.

Yesterday morning, the price of Huafang textile rapidly jumped to the limit and was firmly sealed until close.

In the end, the price of Huafang textile rose 0.5 yuan on a single day, and its share price closed at 5.45 yuan / share, or 10.10%.

From the point of view of the capital flow of the stock market, the main inflow of 942 thousand yuan yesterday, outflow 382 thousand and 400 yuan, retail investors inflow 1 million 664 thousand and 700 yuan, outflow 6 million 357 thousand and 900 yuan.

As for the limit of Huafang textile, the market believes that it is affected by the good effects of the plate and its own good.

Yesterday, Hua Fang textile announcements indicated that additional funds were obtained for disputes over loan contracts.

According to the announcement, the company recently received the civil judgment of the Zhangjiagang people's court, and sentenced the defendant, Zhangjiagang huadai new Mstar Technology Ltd, to return the plaintiff's 12 million 14 thousand yuan principal loan and 303 thousand yuan yield.

Prior to the company's quarterly report,

It is still in a deficit of 24 million 579 thousand and 600 yuan.

Therefore, the windfall will effectively alleviate the company's current financial situation.

In addition, in addition to the basic conditions of the stock market, plate factor is another reason to induce the stock to go up.

NDRC recently reported that last month, the domestic and foreign market prices of cotton continued to decline last month, and the price of cotton in the international market was significantly lower than in the domestic market.

The cost of cotton imports continues to be lower than domestic cotton prices, and the gap has widened.

Affected by this, the average selling price of standard cotton in the domestic market was 18562 yuan per ton in June, down 3.4% from last month, which is 24.1% lower than that of the higher price level in the same period last year.

The decline of raw materials will bring overall benefits to the downstream textile industry.

The Huafang textile Limited by Share Ltd is approved by the Jiangsu Provincial People's government, [1998]6, and is jointly sponsored by Huafang Group Co., Ltd. (Hua Yuan Fang Industrial Corporation), Zhangjiagang Tong Qiao welfare woolen mill, Zhangjiagang Qinglong copper factory, Zhangjiagang City Tong Qiao flower factory and Zhangjiagang Everbright computer printing factory. The Limited by Share Ltd was founded in April 3, 1998.

Approved by the China Securities Regulatory Commission in April 28, 2003 (2003) 41, the company publicly issued Renminbi in June 12, 2003.

90 million shares were listed on the Shanghai stock exchange in June 27, 2003.