Huafang Textile Reorganization Financial Report Is Wrong, Garment Industry Will Welcome New Opportunities.

< p > to Hua Fang < a target= "_blank" href= "http://www.91se91.com/" > textile < /a >, it is a bad luck in the near future. After the reorganization plan was opened, it received the rectification decision of the regulatory authorities, which added a few variables to the reorganization.

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< p > it can be seen that in addition to the correct disclosure of the sales revenue and cost of the "cotton spinning" and "new spun fabrics" in the draft reorganization, Huafang textile has also acknowledged the fact that the part of the data is wrong in 2011.

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< p > data show that Huafang textile is an old listed textile enterprise in Zhangjiagang city of Jiangsu province. The largest shareholder, Huafang group, once wanted to break the dream of the overall listing of textile business by the depressed industrial environment. Eventually, the company will be backdoor after being sluggish, and the backdoor party is a chemical enterprise withdrawn from IPO.

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< p > Huafang textile is "backdoor" can be described as twists and turns.

On the evening of December 3rd, the 4 consecutive trading days of Huafang textile "a href=" http://www.91se91.com/news/index_c.asp "> restructuring" /a "announced the company's share price.

However, after a short adjustment, the company began to jump downward.

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< p > December 17th evening, Huafang textile also announced that the company was ordered by the regulatory authorities to rectify and reform, focusing on the company's independence and information disclosure issues.

The announcement shows that the OA system and financial system of the company are all maintained by the group. The group is relieved of its duties as deputy general manager of Xiajin textile, Chen Jiandong, a wholly owned subsidiary of the company.

At the same time, the company's annual report in 2012 also failed to make a true, accurate and complete disclosure of the existence of independent and independent management capabilities between the company and its controlling shareholders in accordance with the relevant regulations.

In addition, the company still has the contract text to be signed by the group legal affairs department for approval. The company's equipment purchase list appears to be approved by the group leader and directly signed by the group leader.

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< p > in fact, the rectification also shows that China Fang textile is lack of independence as a listed company.

However, in the announcement issued in the evening of December 20th, Huafang textile did not mention anything about correcting the 2011 Annual Report.

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< p > the terminal demand environment is low, the traditional department stores are shrinking and the electricity providers are developing rapidly.

(1) in 2013, the retail growth rate in 2012 was the next step; (2) since the growth rate of large retail enterprises has been decreasing from month to month, the rate of decline is higher than the total retail sales of Enterprises above Designated Size; (3) < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > the growth rate descends more than the overall downlink speed, and the garment growth rate above 10% of the above quota enterprises has descended from 12 15%-20% platform to 10%-15%, and the proportion of large retail enterprises accounted for 30% of the clothing 13 years 7-11 month growth has slowed down to the upper and lower 0-5%.

It is expected that this trend will continue in 2014, and clothing and home textiles will not have big opportunities.

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