Lugang Culture (601599): Most Of The Company'S Customer Orders Have Been Fully Recovered

Tonghuashun financial research center on October 19, some investors asked Lugang culture questions. Hello, Secretary Dong. The annual report of the company in 2019 showed that the revenue of textile business exceeded 2.5 billion, accounting for nearly 88% of the main business income. According to the interim report, the textile business was not able to resume production in time due to the impact of the epidemic; more international customers such as Zara, H & M, gap and other customers' orders were affected to varying degrees, leading to the public In the first half of the year, the sales revenue of textile business decreased by about 30%. Recently, the second outbreak of overseas epidemic, a large number of overseas textile business transferred to China. At present, whether the orders of overseas customers of the company are restored, and what is the capacity utilization rate? Can the company seize the advantages of domestic epidemic prevention and control to further expand and strengthen the textile business?

Compared with the first half of last year, the company's sales volume of raw materials decreased slightly compared with that in the first half of the year (mainly due to the company's hard work in the first half of the year) and the total sales volume of the company decreased slightly compared with that in the first half of the year Thanks to our efforts, most of our customers such as UNIQLO, Zara, H & M, gap and other orders have been fully recovered, and the orders of some customers have even increased compared with the same period. At present, the company's textile business operation is stable, business orders are sufficient; in the early stage, facing the shrinking market demand, the company actively adjusted the product structure, reduced the production of Maoqing products with low profit margin, and increased the output of high value-added products. Generally, although the sales volume of the company's textile industry decreased compared with last year, the textile profit was not lower than the same period last year. At the same time, the company will take advantage of this opportunity, seize the opportunity, increase the development of high-quality customers at home and abroad, actively explore new markets on the basis of consolidating old customers, further improve and strengthen the textile business, and enhance the status of the industry. Thank you for your attention to the company, thank you!