Financial Institutions Predict: 2020 Tianhong Textile Wins The Industry Rating.

Recently, CICC reported that under the background of considering short-term pressure and long-term competitive advantage, Tianhong textile forecast 2020 earnings per share of 1.25 yuan, maintaining Tianhong textile "win the industry" rating.


Tianhong Textile Group is one of the largest suppliers of core cotton textiles in the world, and is committed to the manufacture and sale of high value added stylish cotton textiles. At present, it has become the top 10 competitive enterprises in China's cotton textile industry. It ranks among the top 500 in China. It is listed on the main board of Hongkong stock exchange and is a leading enterprise in China's cotton textile industry.


In recent years, Tianhong textile has established a global vertical integration industry chain for its woven and dyed fabrics business through acquiring Winnitex and its Affiliated Companies. It has acquired numerous sites in Vietnam Haihe industrial area and has continuously integrated global resources to enhance its comprehensive competitiveness in many ways such as building textile factories.


Under the new pattern, China's textile and garment industry is facing severe challenges. More and more enterprises will turn their attention to the whole world, achieve global resources allocation through mergers and acquisitions, industrial transfer and other ways, further expand profit margins, avoid trade risks, and jointly promote China's textile industry from big to strong.