Half Of The Performance Of Half Of The Textile And Garment Enterprises Declined

< p > "thirty years Hedong, thirty years Hexi."

However, it is reflected in < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > a target= "_blank" href= "http://www.91se91.com/" > dress less than "industry" cycle changes, but shortened to three years.

In 2011, when the industry was booming, the fixed increase was forced to cancel after two years because of a sharp decline in the industry.

Xun Xing shares yesterday announced that the company's board of directors has passed the "motion on terminating the implementation of the scheme for non-public development banks" and agreed to submit it to the shareholders' meeting for consideration.

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< p > this decision, the company said that because of the economic downturn, the downstream textile and garment industry did not show signs of recovery in the short term, such as increasing investment in zippers and buttons industry is expected to produce no expected benefits; at the same time, in view of the stable operation of the company, the use of its own funds to meet the necessary equipment renewal and automation pformation needs, so the company will terminate the implementation of the issue of non-public offering of shares.

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< p > check up the plan at that time. The company intends to make a specific stock with no more than 10 investors at a price of not less than 6.86 yuan per share, issuing no more than 47 million shares of the non-public offering, and raising the total amount of funds no more than 320 million yuan. It is intended to be applied to the "zipper production line technical pformation project", "marketing network construction project", "R & D center construction project" and "new button production project".

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< p > we have to mention that when the Xun Xing share was proposed to be issued in 2011, it was in the demand of the downstream industries, and the international competitive advantage was obvious. The company intends to raise the level of automation through non-public offering, and realize the comprehensive upgrading of the company's marketing service network.

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< p > however, contrary to expectations, since 2012, due to many factors such as sluggish external demand, slowing domestic demand and rising prices of production factors, the economic growth of China's textile industry has shown a significant slowdown. Textile and apparel listed companies mostly suffered from "Waterloo" last year, and Xun Xing shares were also not immune.

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< p > financial data show that the company achieved operating income of 934 million yuan last year, down 10.03% compared to the same period last year, and realized net profit of 36 million 228 thousand and 100 yuan, down 44.02% compared with the same period last year.

From the main products, the company's code zipper, zipper and pull head business income decreased by 14%, 9.43% and 3.29%, respectively.

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< p > in the first half of this year, the company expects net profit to grow by 60% to 90% over the same period last year.

The company said that the acquisition of good performance was due to the decline in the prices of main raw materials, the effect of cost and expenses, and the adjustment and optimization of the product structure of customers and companies.

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< p > however, looking at the entire textile and garment industry, the performance of the whole industry in the first half of this year is obviously divided.

Flush iFind data show that 56 textile and garment enterprises, 24 listed companies in the first half of this year, a decline in performance.

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