The New Chairman Of Nanfang Spinning Has Made 5 Directions.

Adjustment strategy

Hou Boming, chairman of Nanfang spinning, pointed out yesterday that

We must go out of the strong leader of the past and take the opinions of all the directors as our opinions.

He has set out 5 directions.

The efficiency and short-term expansion of the enterprise will not be expanded, and the circulation industry will be damaged for 3 years.

Nanfang yesterday hosted the media tea narration, which was Hou Boming's first appearance in front of the magnesium lamp from Zheng Gaohui's hands.

He said that in order to make Nanfang A Centennial enterprise, we will train grassroots cadres as soon as possible, and try to make the operation wider and wider, "the tentacles will stretch out and move towards new fields". As for the management, we must move towards pluralistic co governance.

Hou Boming pointed out that in the past, more than 1 people in Nanfang had decided to "calculate", but in the future, they would like to say "farewell to the old age" with the opinions of all directors and shareholders.

Would he worry about lengthening the decision time? He said, "usually, communication will not be slow.

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Circulation business has been damaged for 3 years.

He said South spinning goes to cotton yarn.

5 main directions: circulation, real estate and investment.

Cotton yarn business, in view of Vietnam's cotton yarn industry has been oversupplied, so the end of this year, the 2 phase of Tazi dragon factory, and the total spinning capacity of the South spinning cotton yarn reaches 600 thousand spindles.

In addition to Vietnam, Nanfang also has 160 thousand spindles of cotton yarn in Taiwan. Chen Hongmo, general manager, said that it will invest 7000~8000 million yuan to upgrade Taiwan's production platform, so that production can be more effective.

For Vietnam's cotton yarn industry, he believes that the supply will reach a peak in the first half of next year, as new factories will be completed, whether in South Korea, China or Vietnam.

In addition to the chemical fiber business, Hou pointed out that the textile industry of Nanfang must be invested in high-tech and specialized fields to increase added value and create profits.

He said frankly, "at present, the industry is hard". The manufacturers should try to extend the life of the industry, whether they are high value products or overseas layout, and humorously say, "I am also a way to Africa."

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As for the core of South Textile's circulation business, Nanfang shopping center, Hou Boming also reiterated that the goal of the first phase of shopping malls in 3 years was unchanged.

The development of residential areas in the next 2 periods and the development of Ren De old factory are the development priorities of Nanfang real estate business.

Textile industry in the second half of the year

Hou Boming has revealed that in July 1st, Jiang Junmou and Wang Lifan will be promoted to deputy general managers.

In the future, Jiang Jun is fully responsible for the chemical fiber industry and reports directly to Chen Hongmo. Wang Lifan is responsible for finance and circulation.

Looking ahead in the second half of the year, Chen Hongmo pointed out that over the past 1 years, the price of the products has dropped to 2 yuan in May.

However, in recent years, the demand for chemical fiber is the first to return to the temperature, and cotton prices are also rising. The textile industry in the third, fourth quarter is predicted.

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Chen Hongmo is optimistic that India is the second largest cotton producing country in the world. Recently, it has been affected by climate anomalies and the delayed rain season. The output of cotton has decreased, which is conducive to the subsequent rise of the yarn price. The fastest way will be a turnaround in July.

As far as chemical fiber is concerned, he believes that the market is better than the yarn, and it is estimated that no matter the price or demand in the future, there will be an upward trend.

Nanfang small files

Date of establishment: 1955

The main products accounted for 52% of cotton yarn, 9% of polyester yarn, 9% of polyester cotton, 8% of polyester, 6% of polyester, 4% of polyester, and 12% of other products.

Location: Taiwan, Vietnam

2015 earnings report:

Revenue 21 billion 520 million yuan, gross margin 13.3%

Net profit after tax is 1 billion 240 million yuan, net profit per share is 0.75 yuan.

Recent developments in circulation industry:

The 1 phase of Nanfang shopping center with 50% shareholdings was launched in 2015, and the 2 phase is expected to be launched in 2017.

3 years to make profits