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Xinhua Jin Vigorously Promote The Development Of Textile Business

2014/5/12 9:28:00 28

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Xinhua Brocade Electricity Supplier Textile

> a href= "http://www.91se91.com/news/index_c.asp" > Xinhua Jin < /a > (600735) held the annual general meeting of shareholders in 2013. The management of the company introduced the business situation in 2013 and the 2014 development plan, and the relevant motions were also successfully passed. 
 2013, due to the weak market demand at home and abroad, the performance of Xinhua brocade was obviously dragged down, resulting in a decline in operating income and net profit, especially < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > a target= "_blank" href= "_blank" > clothing > business performance "bad". However, the export business of the company's products completed in 2012 was not ideal, but it successfully completed its expected target and profit commitments in 2013. In addition, from the quarterly report released by the company in 2014, performance has begun to pick up. 
 it is worth noting that the SN material processing business of the company has optimized the customer structure and stopped the supply of traditional product customers with low gross profit margins. The gross profit margin continued to increase substantially on the basis of 2012, and the gross profit margin at present is 15.83%, an increase of 3.81 percentage points compared with 2012. 
 in addition, in the case of a decline in the main business, the company has reduced its expenses by strengthening internal control, of which sales cost has dropped by 17% compared with last year. This alone will reduce the company's expenditure by about 25 million yuan. 
 for the 2014 development plan, the company expressed the hope that it could give full play to the advantages of the capital platform of the listed companies, butt the development ideas of the company's industrial sector, try to attract high-quality external resources to carry out the capital merger and acquisition according to the regulatory requirements, and do the main business of the existing hair products so as to ensure that the hair products enterprises achieve the profit making commitments for restructuring matters in 2014, and carry out meticulous management of tin materials processing business, and strive to achieve return on investment. 
 aiming at the textile and garment business which was not performing well in 2013, the company said that we should stick to two legs to walk steadily and expand export trade business. We should strive to improve the profit level on the basis of expanding the scale of customer business. At the same time, we should actively expand domestic trade and continue to push forward the business of electronic commerce under the premise of continuing to promote OEM business, so as to achieve new breakthroughs in network sales and provide a new profit growth point for the development of textile business. 
In addition, in February 2014, the General Administration of Customs formally agreed to carry out pilot projects related to cross-border e-commerce in Qingdao. Qingdao will enjoy a series of preferential policies to promote cross-border e-commerce development with 5 pilot cities such as Shanghai, Hangzhou, Ningbo, Chongqing and Zhengzhou. The market analysis will bring great convenience to companies engaged in the foreign trade industry, and nearly 80% of Xinhua's revenue in 2013 will come from abroad. 
 2014, the company's < a href= "http://www.91se91.com/news/index_s.asp" > business income < /a > the target is 1 billion 750 million yuan, and the company executives are also confident that the company's business improvement and the adaptability to the international market environment will enhance the rapid growth of its performance.