Major Textile And Garment Enterprises In Winter Are Changing.

"Freezing three feet is not a cold day".

For the textile and garment industry, the winter they face is not over.

The appreciation of the renminbi and the price of raw materials are only a fuse for China's textile and garment industry. The key to the problem lies in the way of processing cheap processing fees.

As a result, some textile and garment enterprises began to pform into different fields.

Of course, not all textile and garment enterprises are pformed because of the "cold current". But through pformation, some textile and apparel listed companies have achieved good results or even reinvented. This is an indisputable fact.

The name of "Silk Market" may not be familiar with the name of "Oriental market", but if you say "Silk shares", you may feel familiar.

Yes, the "Eastern market" was renamed from the original "Silk shares".

In July 23, 2008, the company held a general meeting of shareholders and deliberated and passed the motion concerning changing the name of the company and amending the corresponding provisions of the rules and regulations of the articles of association, and deliberated and adopted a motion to increase the scope of the business license of the company.

In July 30th, the "Silk share" stock was officially changed to "Oriental market". The name of the company was also renamed the original Wujiang silk Limited by Share Ltd as Jiangsu, Wujiang, China's Eastern Silk Market Limited by Share Ltd.

The change of name marked the strategic pformation of the company, and the main business shifted from traditional textile production to market development, operation and service.

The company has evolved from a traditional comprehensive listed company to a modern service listed company based on the medium and long term spot trading and has financial service functions and comprehensive support.

It is learnt that China's Eastern Silk Market Limited by Share Ltd was formerly known as Wujiang silk Limited by Share Ltd.

The company successfully landed on the A share market in 2002, and its main business was textile production, thermoelectricity, real estate and trade.

In the context of the urgent need to upgrade the textile manufacturing industry, the company actively explored the strategic pformation, and carried out a major asset replacement in December last year with its controlling shareholder, silk group.

The assets of the textile enterprises such as chemical fiber, weaving and other textile enterprises which are less profitable in the main business of the listed companies are all put out. At the same time, some assets such as land, commercial real estate and market environment governance in the Eastern Silk Market have been put into place, which has opened a prelude to the adjustment of the industrial layout and the creation of high-end market.

Since February this year, on the basis of maintaining and rolling the tangible market, the company has also set up the first online trading platform for bulk textiles, "Oriental Silk Market Exchange", which has set up a nine day advertising company in Wujiang, and has acquired high-quality assets such as Jiangsu Shengze Logistics Co., Ltd. and Shengze textile finishing demonstration zone.

Under the business mode of "market centric textile market modern service providers", the company is incorporated into the management service system of the three major departments of invisible market, tangible market and circular economy, and its business structure is pformed from heavy assets, strong volatility to light assets, anti cycle and high returns.

However, although the name of the company has been changed, the performance of the company in the first half of the year does not seem to be ideal.

The announcement showed that the operating income in the first half of 2008 was 481 million 70 thousand yuan, a decrease of 70.40% over the same period last year, and operating profit of 22 million 18 thousand and 100 yuan, a decrease of 77.56% over the same period last year, and a net profit of 115 million 122 thousand and 300 yuan, an increase of 33.03% over the same period last year.

The reason is that during the reporting period, with the appreciation of the renminbi and the decline in the export tax rebate rate, the gross profit margin of silk textile processing products has been reduced, and the domestic silk textile processing industry has been fiercely competitive.

With the continuous improvement of the state's environmental protection efforts, the price of raw materials, electricity, coal and other energy prices continues to rise, and the production cost of silk textile processing enterprises is further improved.

However, as the company's strategic pformation, whether the Eastern market can pull back a bureau in the three quarterly report, we will wait and see.

ST Hsien Cheng's pformation goal is to lock the mining industry. If silk shares are not completely divorced from the textile and garment industry, ST has completely said goodbye to the textile and garment industry.

Statistics show that through asset replacement, ST Hyun Cheng's main business has changed from textile and real estate development to coal mining and its dominant sales.

It is reported that ST has been exploring pformation since 2004, but the road is not smooth.

After several twists and turns, the company chose to enter the mining industry and start a new journey again.

ST Xian Cheng listed in the initial stage of textile business, in the background of China's accession to the WTO, once achieved good market performance.

However, with the adjustment of the textile industry, the export rebate rate has been lowered, the price of textile raw materials has fluctuated greatly, the trade friction between China and the United States and the EU has been affected by macroeconomic policies.

The company faces huge competition and shortage of liquidity.

As a matter of fact, as early as 2002, ST became the largest shareholder in Xining City, Xining Xinxin Klc Holdings Ltd, and jointly set up Yixian new town real estate development Co., Ltd., and began to set foot in the real estate field, hoping to diversify the risk of single main business with proper diversification.

After that, the company held a holding of the Guangzhou Guangda garden and the Real Estate Company of Shenzhen fan di.

However, due to a series of reasons, ST finally chose to put coal good assets into account and changed the main business of the company.

In March 12th, the company published a notice that the company increased its capital to Panxian Huayang coal limited company by 10 million 500 thousand yuan, holding its 51.22% stake. The matter has been examined and approved by the company's 2008 first annual general meeting in January 16, 2008.

At this point, the company has obtained the access qualification of the coal resources industry, officially "gorgeous" turn around.

Erdos from the textile industry to the coal chemical industry and mining related textile companies and Ordos.

It is reported that Ordos is one of the earliest wool and spinning enterprises that produce and produce cashmere products in China. It has a long development time, a large scale of production, a good technical equipment and a comprehensive competitive advantage.

But while expanding the traditional cashmere business, the company has begun to look elsewhere, looking for new profit growth points.

Silica gel is a test business for the company.

Although Erdos has been investing in silicone business for several years, it has started last year to really support the company.

Last year, thanks to the increase in prices and the increase in weight, silica gel business accounted for 27% of the company's main business revenue, and the annual performance of Erdos increased by 151%.

After years of efforts, the Ordos group has jumped from the leader of the global cashmere industry to the leader of the global silicone industry.

This year, the Ordos announcement shows that, after preliminary estimates by the financial department, the net profit is expected to increase by more than 200% over the same period last year from the beginning of the third quarter to the end of the year.

The reason for the increase is due to the continued release of the main capacity of the Inner Mongolia Erdos Power Metallurgy Limited by Share Ltd in the third quarter of 2008, with the growth of performance and the healthy growth of the company's performance.

It is reported that the Ordos group shifted from the textile industry to heavy industry based on a complete industrial chain.

When raw coal is extracted, the raw coal is cleaned and converted into fine coal for coking, and the second coal is used for power generation.

On this basis, the group has extended the industrial chain, developed the urea project with abundant natural gas resources in Ordos, collected coke oven tail gas from coking plants, used chemical fertilizer fuel gas, made fly ash from power plants into building materials, extracted alumina from the power plant, and produced silicon iron and silicon manganese from the power plant's electricity and nearby silica resources, thus forming the industrial chain of coal electricity and its waste utilization, coal electricity silicon alloy and its waste, coal coal chemical industry and its waste complementary recycling.

The pformation of Ordos can be described as perfect, perhaps not too much.

After the turnaround, the company's main business was pformed from the textile industry to the pharmaceutical industry, while the controlling subsidiary set up the Zhejiang Qian Wang pharmaceutical industry for Zhejiang Intel pharmaceutical and Zhejiang medical devices.

At first, as a textile listed company, the performance of the Intel group did not seem to be very prominent. But after the successful reorganization of the comprehensive pformation of pharmaceutical products, the company's appearance has taken on a new look.

According to the introduction, Intel group, as a leading enterprise in Zhejiang pharmaceutical circulation industry, is in a period of rapid development. Establishing the strategic development goal of modern pharmaceutical logistics center has important strategic significance for the rapid development of pharmaceutical industry resources and economy.

It is reported that the company plans to complete 3 billion 700 million sales revenue this year, 1500 new varieties were introduced throughout the year, more than 300 new sales terminals, consolidate and expand the company's operating characteristics and market position in the "new, special, famous and excellent" areas, and actively develop varieties suitable for the "new rural cooperative medical system".

Relying on the new ERP system and the new logistics base, we accelerated the speed of logistics operation, and actively promoted the third party logistics, and established the pioneer position of Intel pharmaceutical in the third party logistics field in the province and even in East China.

We should further strengthen communication and liaison with government departments so as to get support from public resources and policies.

The establishment of "two nets" in rural areas, the strengthening of medical and health infrastructure and the establishment of a new cooperative medical system will provide a very favorable market opportunity for the rapid development of the pharmaceutical economy.

From the textile industry to the pharmaceutical industry, the Intel group can not but say that it is a typical example of success.