More Than Half Of Zhejiang'S Clothing Companies Are In Danger.

Thirty years Hedong, thirty years Hexi. In recent years, China's garment industry has been attacked by internal and external businesses, and the survival of garment enterprises has been in trouble for a while. The latest statistics show that A shares listed 45 textile and garment industry listed companies in the first three quarters of 2014, with only 5 companies increasing in advance.

Analysis of the industry is expected that at the moment clothing terminal retail still no obvious improvement, short-term recovery is difficult. In this case, the vast majority of garment enterprises choose to find another way out, some of them are involved in real estate, some Rio Tinto online sales channels, want to borrow electricity providers to reverse the decline of performance, and even break the jars, and intend to set up the whole garment industry through mergers and acquisitions, and change the main business to rice planting.

　　 Only 5 of 45 textile and garment enterprises increased in advance.

Statistics show that as of yesterday (September 23rd), A shares listed 45 textile and garment industry listed companies announced the first three quarters of 2014 performance forecasts, of which only 5 companies increased in advance, 5 companies continued earnings, 14 companies slightly increased, 6 companies pre reduction, 7 companies slightly reduced, 2 companies first loss, 5 companies continued losses, 1 companies are not sure.

Among the 45 listed textile and apparel companies, only Hongda hi tech, Shandong Ruyi, Kai Kai Industrial, Weixing share and YOUNGOR 5 companies increased in the first three quarters of this year.

Among them, Hongda high tech expects the net profit in the first three quarters of this year to be 85 million 360 thousand and 910 yuan to 105 million 59 thousand yuan, an increase of 30% to 60%; Shandong Ruyi expects net profit of 13 million 260 thousand yuan to 13 million 500 thousand yuan in the first three quarters of this year, with a growth rate of 450.57% to 460.54%; the net profit of the first quarter of the previous quarter is expected to increase by about 20% compared with the same period of last year; Weixing stock expects that the net profit of the first quarter of this year will increase to a year-on-year growth rate; and YOUNGOR has not announced the specific net profit expected amount, only saying that the cumulative net profit from January to September will have a larger increase compared with the same period last year. "

In the above 45 textile and garment industry listed companies, 7 companies are expected to lose the first three quarters of 2014, namely Busen shares, Hinur, Xinlong holdings, German cotton shares, Hua Ding shares, Taya shares and Vico essence.

Busen shares reported that the company achieved a net profit of -3328.98 million in the first half of 2014, with a net profit growth rate of -394.18%. At the same time, the company expects net profit of -4460.11 million yuan to -3784.35 million in the first three quarters of 2014, down -430% to -380% compared to the same period last year. Thailand shares are the largest net profit expected to fall. The company expects net profit of -3200 million to -2400 million between 2014 and September, down 501.5% to 351.13% over the same period last year. In addition, Hua Ding shares suggested in the semi annual report that the accumulated net profit in the first three quarters of 2014 may be a loss, and the net profit of the first half of the year was a loss of 26 million 127 thousand and 880 yuan.

　　 more than half Zhejiang Textile enterprises are in danger.

As the main textile production base in China, the textile and garment industry has always been the pillar industry in Zhejiang Province, and more than 30% of the A shares are from Zhejiang. However, in recent years, the continuous downturn of the clothing and textile industry has made most of the garment enterprises feel rather "no more than".

Take the 7 companies in the three quarter, which were mentioned above, for example, three came from Zhejiang, namely Busen shares, Hua Ding stock and Vico essence. Apart from the three companies that made a profit, the rest of the companies did not lose money, but the decline in net profit was almost "the trend of the times".

According to the news birds, the company's terminal retail is stable and has no obvious improvement since the external economic situation and the domestic clothing market remain weak. The net profit attributable to shareholders of Listed Companies in the first three quarters of this year is 125 million 204 thousand and 300 yuan to 156 million 505 thousand and 400 yuan, down 0% to 20% compared with the same period last year. In the first half of the year, net profit fell by 18.01%.

In addition, AOKANG international, Zhejiang Fu run, Georges white and other companies did not predict the three quarter results, but their semi annual performance has also seen a significant decline, and there has not been a factor that can significantly improve the three quarter results.

Among them, AOKANG International semi annual data show that the company achieved 1 billion 450 million 965 thousand and 800 yuan in the first half of this year, down 2.75% compared with the same period last year, and realized a net profit of 158 million 159 thousand and 900 yuan attributable to shareholders of listed companies, down 25.67% compared with the same period last year.

Zhejiang fortune semi annual report shows that the company achieved net profit of 8 million 203 thousand and 500 yuan in the first half of this year, down 68.6% compared with the same period last year. And the White House that landed on A shares for a long time was also not spared. In the first half of this year, net profit fell by 2.14%.

　　 sell Men's wear Not as good as rice

Under such a grim situation, textile and garment enterprises have been looking for a way out, and the strong and powerful companies have joined the company vertically and horizontally, expanding their territory, and some enterprises have simply restructured and injected assets, leaving the main textile industry. Busen shares are one of them.

In the past two days, Busen's intraday performance was eye-catching, and the two consecutive trading days rose 10% and 8.02% respectively. The reason for that is the announcement issued by the company in September 19th. The notice shows that the company received the notice of acceptance of the application for administrative licensing of the China Securities Regulatory Commission (No. 141160) issued by the China Securities Regulatory Commission in September 19, 2014 (No. 2): the CSRC examined the application materials for administrative licensing of the "Zhejiang Busen apparel Limited by Share Ltd issue shares purchase approval" according to law, and considered that the application materials were complete, in line with the statutory form, and decided to accept the application for the administrative license.

After a month's return, more than 4 months after the suspension, Busen shares issued a restructuring plan to achieve the backdoor listing of the Hong Wah agricultural Limited by Share Ltd in Guangxi through a series of transactions such as major asset replacement, asset sales, issuing shares to buy assets, issuing shares to raise matching funds, and so on. According to the restructuring plan, Busen shares intends to set aside all assets and liabilities other than 180 million yuan of monetary funds, and set up 519 million 730 thousand and 700 yuan for assets and liabilities. Among them, assets and liabilities, which are intended to be worth 430 million yuan in assets, will be replaced with the equivalent parts of Hong Wah agricultural 100% shares held by the trading parties. The remaining 89 million 730 thousand and 700 yuan assets and liabilities will be sold to Busen group.

After the completion of the transaction, the controlling shareholder and the actual controller will be changed to Li Yan and Du Changming. Busen shares will be transformed from the manufacturers of brand men into high-quality agricultural products distributors.