Xinye Textile Receives 580 Thousand Loan Subsidy

　　 Xinye textile Announcements on Wednesday evening, the company recently received a total of 579 thousand and 200 yuan for the surplus subsidy of the fourth quarter of 2013.

Xinye textile said that the corresponding accounting treatment should be carried out according to the relevant regulations. government grants Will be recognised as non operating income, increased in the third quarter of 2014. Profit 。

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In the first quarter of 2014, the merger and acquisition events of textile and garment industry reached 11 cases, and the amount of mergers and acquisitions reached US $223 million, and the sum of mergers and acquisitions exceeded the whole year of 2013. The textile and garment industry as a basic light industry has certain stability. After the financial crisis, its steady returns once again attracted the attention of the investment community, and the scale of M & A increased significantly in 2011.

Since 2013, the high inventory of clothing industry has caused many garment industry to get into a predicament, and have made transformation and upgrading by adjusting the business strategy. Among them, the leveraging capital market has also become an important means, which will also lead to the explosive growth of the scale of the textile and garment industry in 2014.

Data show that 2001-2009 years, the textile and garment industry mergers and acquisitions are relatively cold. The total amount of M & A in 9 years was 850 million yuan. From 2010, the merger and acquisition of textile and garment industry began to accelerate. In 2010, it was 3 million 890 thousand US dollars, increased to 301 million US dollars in 2011, 140 million US dollars in 2012, and 176 million US dollars in 2013. In the first quarter of 2014, the merger and acquisition amount of textile and garment industry reached US $223 million.

Judging from the number of mergers and acquisitions in China's textile and garment industry, it is also accelerating upward trend. 2001-2009 years, an average of 1 pieces per year, up from 8 in 2010, 15 in 2011, 8 in 2012, and 15 in 2013. In the first quarter of 2014, the number of mergers and acquisitions in the textile and garment industry reached 11. These data once again prove that the textile and garment industry as a basic industry has been favored by investors.