Jiangsu Sunshine And Other 3 Companies Accelerate Diversified Transformation

In the domestic wool textile industry, there are a number of leading enterprises. In the 2012~2013 years' ranking of the top 10 competitiveness of wool and wool knitting industry, the top 3 include Shandong Ruyi technology, Jiangsu sunshine group and Shandong Nanshan textile company. The new Australian textile ranks sixth in the above, the cashmere industry and Lukang science and technology are eighth and tenth respectively. However, business is not the same. The core product of the new Australian textile is wool spinning yarn, which belongs to the front end of the wool spinning industry. The products of Shandong Ruyi are mainly woolen fabrics and some clothing products, which belong to the middle and rear ends.

The above mentioned enterprises, except Nanshan textile and soon to be listed new Australian textile, the other 4 are all wool textile listed companies. According to the performance of the 4 listed companies, except for the good performance of Ruyi group, the other 3 are not so optimistic that they have embarked on the road of diversified transformation.

　　 Jiangsu Sunshine The thermoelectric industry has become a new support for performance.

In the first three quarters of this year, Jiangsu sunshine achieved a profit of 1 billion 686 million yuan, a year-on-year decline of 3.27%, and net profit of 48 million 907 thousand and 400 yuan, down 8.98% from the same period last year. In 2013, the company achieved a revenue of 2 billion 342 million yuan, a decrease of 17.21% compared to the same period last year, and a net profit of 106 million 900 thousand yuan. In 2012, the net profit of the company was a loss of 1 billion 361 million 500 thousand yuan.

Sunshine Group said that the main textile industry is facing the adverse factors such as rising labor costs and low market demand.

For sunshine group, it has been involved in diversified industries such as thermoelectric and polycrystalline silicon in recent years, with a view to bring about new profit growth points. In 2013, its thermoelectric industry revenue reached 672 million yuan, a slight decline in growth rate; in 2012, its thermoelectric industry revenue was 686 million yuan, an increase of 4.55% over the same period last year, and has become a new supporting point of performance. Polysilicon is in bankruptcy.

　　 BOC cashmere industry Accelerate the expansion of terminal retail brand

The cashmere industry is more comparable with the above new Australian textile business. New Australian spinning nearly 70% worsted spinning products are pure wool series, and some wool, cashmere and spun silk blended yarn, while the cashmere industry is mainly cashmere yarn series, mainly producing and selling washing wool, no plush, cashmere yarn and so on. The gross interest rate of the main business of the two is equivalent to about 20%. At present, the performance of the cashmere industry is not so optimistic.

In the first three quarters of this year, it achieved revenues of 22.62 billion, up 3.4% over the same period last year, but net profit was 152 million yuan, a sharp decrease of 45.87% compared to the same period last year. Although revenue grew by 28.22% to 3 billion 110 million yuan in 2013, the net profit increased by 0.65% to 281 million yuan over the same period last year.

In this case, the cashmere industry continues to promote transformation, and through the acquisition and other means to accelerate the expansion of the terminal retail brand market, currently has TODD&DUNCAN (Todd Duncan), BROWN ALLAN (Brown Alan), PHILOSOFIE (Philo Sophie) and many other brands, hoping to become the four season clothing brand operators. Recently, the company's stock has been suspended due to major reorganization matters. The market has news that the company is suspected to be borrowed from the Shanda game.

　　 Lukang science and technology Acquisition of century long into film and television industry

Lukang's technological achievements are nowhere near. Lukang science and technology mainly produces all kinds of worsted yarns, semi fine spun yarn and woolen fabrics. Its revenue grew by 10.35% in 2013, reaching 1 billion 844 million yuan, but net profit after deducting non recurring gains and losses was at a loss of -118.7 million yuan. In 2012, its net profit after deducting non profits was a substantial loss of 2 million 900 thousand and 700 yuan.

Lukang science and technology indicated that the main reasons for the failure of the company's performance in 2013 were as follows: the global economy continued to slump, the consumption ability of domestic and foreign markets continued to be weak, the high-end products and high value-added orders in foreign trade orders failed to improve; two, the continued appreciation of the RMB in 2013, and the rising cost of domestic labor and energy resulted in the continuous decline of the competitiveness of domestic textiles. Three, the prices of raw materials such as wool and acrylic fibers fluctuated greatly, which had a great negative impact on the pricing and sales of the products.

Under pressure, Lukang technology has also begun to diversify. This year, it announced that it would buy the 100% stake of century long film and television Limited by Share Ltd in the form of non-public offering shares and cash payment, and enter the film and television industry. From now on, it does get results. In the first three quarters of this year, Lukang technology achieved a profit of 1 billion 799 million 600 thousand yuan, an increase of 22.1% over the same period last year, and net profit increased by 103.9% to 44 million 867 thousand and 400 yuan.