The First Quarter Results Of 4 Cotton Textile Listed Companies Outline The General Trend Of The Industry.
Recently, the cotton textile industry listed companies have released the first quarter performance forecast in 2020, which is different from the "golden three silver four" in previous years. The cotton textile enterprises in the first quarter showed a decline in production and sales, reduced revenues and net profits. In addition to Jiangsu Unicom's Limited by Share Ltd earnings growth due to equity investment is expected to grow in the first quarter, Henan Xinye textile Limited by Share Ltd, Huafu fashion Limited by Share Ltd, Anhui Huamao textile Limited by Share Ltd net profit declined compared with the same period last year.
With the improvement of domestic epidemic situation, the production and operation rhythm of cotton textile enterprises has gradually returned to normal. Experts believe that although the textile industry is currently delayed reemployment and logistics constraints and other factors are basically eliminated, but in the context of the spread of overseas epidemic is still facing pressure reduction orders, the two quarter is expected to be the most stressful stage of the year.
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