Traditional Garment Industry Downturn Performance Decline, Listed Textile Companies Are Frequently Held

< p > according to the summary of the takeover report disclosed by China's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a >, after the completion of the reorganization paction, Yang Feng shares will hold 290 million shares of Chinese clothing shares, accounting for 48.24% of the total share capital of the Chinese clothing issued, and become the controlling shareholder of the listed companies.

At this point, Chinese clothing will be pformed from state-controlled listed companies into private enterprises.

In terms of business, its main business will be pformed from the former a target= "_blank" href= "http://www.91se91.com/" to "textile" /a "printing and dyeing and textile trade business to the development, production and sale of phosphor compound fertilizer.

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< p > public information shows that Chinese clothing is a leading textile and garment industry, which integrates brand marketing, industry consultation, clothing, fabrics, printing and dyeing, cashmere and so on. It was listed on the market in 1999, with the highest annual sales revenue reaching nearly 2 billion yuan.

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< p > at present, the leading textile industry has been bought, and it has come to a close.

The real progress of this dust settles the local textile industry.

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< p > "is" shelling "and is backdoor listed.

Chinese clothing is completely divorced from the textile industry and turned into the fertilizer industry.

Local textile industry laments.

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< p > another incident that has caused the industry to be nervous is from the local energy conservation of China.

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Less than p days ago, China energy conservation Haidong single largest shareholder in Chongqing energy savings through a wholly owned subsidiary, Hongkong Rong an investment limited, and another major shareholder Yan's Brothers Holdings Limited, a 3 year shareholder contract.

Although the founder of the company stuck to Jiang and Nian Weicheng brothers remained 25.09% of the shares, there was no chance to challenge the largest shareholder status in Chongqing during the contract period.

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"P" and similar events, many people in the industry believe that perhaps in the near future will be staged in the industry.

Giving up the position of the largest shareholder has stirred up a long-standing psychological obstacle for the Minnan Enterprises: the control of control has led to a series of speculation in the industry.

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< p > "business owners in Southern Fujian have long been" better off "than" Phoenix Tail ". If they do not encounter certain bottlenecks, they will not give up control of the company.

And two enterprises have retired to the second place, which shows that the development of traditional textile enterprises has encountered unprecedented difficulties.

Mr. Deng, a senior executive in the textile industry for over ten years, said.

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Last week, P reported its results.

In the first half of 2013, the group's income was about 3 billion 116 million yuan, up 4.8% from the same period last year, while the profit margin reached 242 million yuan, down 38.7% from the same period last year.

Its profit in 2012 was 750 million yuan, down 16.94% year on year.

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< p > Chinese clothing is also poor.

Before the announcement of the takeover report, Chinese clothing has just released its semi annual performance forecast for 2013. It is estimated that the net loss attributable to shareholders of Listed Companies in the first half of this year is 25 million yuan ~3000 million yuan.

The deficit was 18 million 905 thousand and 400 yuan in the same period last year.

In 2012, the company's revenue was 1 billion 565 million yuan, down 11.82% compared with the same period last year. The net loss attributable to shareholders of listed companies amounted to 44 million 174 thousand and 800 yuan.

At the same time, inventory reached 245 million yuan at the end of 2012, accounting for 20% of total assets.

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< p > the decline in performance is due to the decline in gross margin resulting from the overall downturn in the industry.

The main reason for the decline in gross revenue and net profit is the decline in gross margins, the industry said.

Its main business polyester filament products and polyester film products production and sales, the first half of this year, the main raw materials PTA and MEG market prices have declined, resulting in polyester filament products prices follow their raw material prices.

In addition, the fierce competition in the market has led to an increase in gross profit margins and relative selling costs.

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"P > Xincheng textile, weaving, weaving and other enterprises have said that due to the sharp rise in rents and human capital and high inventory, the domestic garment industry is experiencing a relatively serious downturn. The upstream textile industry has been most directly affected, and many small textile enterprises have serious losses in orders.

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< p > "before the textile enterprises in the market are too numerous and too scattered, the change now is just a normal process of collecting high-quality resources and eliminating backward production capacity."

This situation will continue for some time, and the phenomenon of acquisition and backdoor will also appear frequently.

In particular, the enterprises which mainly produce conventional textiles will disappear from the market if they do not have a timely pformation. "

Mr. Deng thinks.

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< p > remove the previous communication and contact, from the March plan to the end of July, the Chinese apparel and Yanfeng shares have been docked for 5 months.

This reporter learned that Chongqing's energy conservation has entered China's energy saving Haidong and Bai Hong industries. During that time, it has been through more than a year's communication and research.

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< p > insiders believe that for each side, every negotiation in this period is an invisible contest and game.

"How much initiative can the original major shareholders have?"

Jinjiang government officials believe that.

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< p > in addition to buying shares of China energy saving Haidong and Bai Hong industries, China energy conservation and environmental protection group, the parent company of energy conservation in Chongqing, has invested in Nanan to set up a new material company.

Its appearance frequently appears in the industry chain related to Quanzhou's manufacturing industry, and ambition can be seen.

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< p > fortunately, the local textile enterprises rely on their own advantages to ensure a certain initiative.

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< p > at the time of the purchase of China's energy saving Haidong Qingdao, Chongqing's energy conservation position was not intended to make significant changes to the existing operation and business of China's energy saving Haidong due to share offer, or to reconfigure fixed assets and employees, nor to purchase or sell its assets or businesses.

China energy conservation Haidong also responded that the founder's brother's stake will not change, and will continue to focus on the new material business in the future.

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