China's Apparel Net Profit, Loss And Inventory Backlog Is The Main Problem.

< p > > China a href= "http://www.91se91.com/news/index_cj.asp" > clothing < /a > after issuing the announcement of the asset restructuring plan, the stock price has risen for three consecutive days, and the cumulative increase in the three trading days has reached 32.8%. However, under the premise that the net profit attributable to the owner of the parent company was 44 million 174 thousand and 800 yuan in 2012, whether the company can guarantee such a rise is still to be observed. < /p >
< p > recently, the annual report of Chinese clothing announced that in 2012, the company's operating income was 1 billion 565 million yuan, a decrease of 11.82% compared with the same period last year. Net profit attributable to shareholders of listed companies was 44 million 174 thousand and 800 yuan, 1608.32% lower than the same period last year, and the basic earnings per share were -0.17 yuan. < /p >
< p > a certified public accountant analyzed to reporters: "according to the annual report data, the main reasons for the company's loss include the decrease of gross profit and the increase of expenses. Among them, the increase in cost is mainly the increase of sales and financial costs. Among them, the financial cost increased by about 13000000 yuan, and the sales cost increased by about 8000000, the two combined nearly 21 million yuan. < /p >
< p > reporters found that in 2012, China's apparel industry still had a backlog of inventory problems except net profit. According to the annual report, in 2012, the company's inventory reached 245 million yuan, an increase of 110 million yuan over the beginning of the year. Reporters found that the increase in inventory is mainly due to increased inventory of goods. As can be seen from the report, the company's stock in 2012 increased by about 90 million yuan, while the company did not mention the provision for price decline. < /p >
< p > "from the balance sheet, the company's inventory increased by about 110 million yuan, resulting in an overstocking of assets, which may lead to the expansion of company's capital demand and financial costs." The CPA believes that the funds of < a href= "http://www.91se91.com/news/index_c.asp" > Chinese dress < /a > are rather tight. < /p >
< p > announcement shows that the financial cost of Chinese clothing in 2012 was 39 million 783 thousand and 900 yuan, and the reporting period increased by 52.37% over the same period. The company explained that it was mainly due to the increase in the loan principal period. < /p >
< p > above, the CPA believes that the increase of company's financial cost should be related to bank loans. He said that although the loan increase in the company's < a href= "http://www.91se91.com/news/index_f.asp > > balance sheet < /a > is not obvious, but from the company's fund-raising activities cash flow, the company's financing activities increased by about 60 million yuan, and the outflow of financing activities increased by about 120 million yuan. In the year, the demand for loans increased greatly, and the company's asset liability ratio has reached 68%. If we do not work hard to reduce the proportion of liabilities, it is likely to touch 70% of the red line of the banking theory. About 80% of the company's loans are mortgages and guaranteed loans, which shows that borrowing is more difficult. < /p >
When compared with reporters, the reporter also found that Chinese clothing also secured 65 million 310 thousand yuan for a subsidiary. Among them, the amount of debt secured by the secured object whose assets and liabilities ratio exceeded 70% was as high as 45 million 310 thousand yuan, accounting for nearly 70% of the total guarantee amount. P "From the annual report, we can see that the company provides guarantee for the object whose assets and liabilities exceed 70%, and accounts for a relatively large proportion, which has a certain contingent liability risk for listed companies." < /p >