Feng Bamboo Textile Export Business Growth To Reduce Costs To Promote A Substantial Increase In Performance
The export business of Feng Bamboo textile industry has achieved a certain increase in the past 09 years, the cost has been reduced, the performance of the company has been greatly improved, and the net profit of 09 years has increased by 200%-300% compared to the previous year.
Feng Bamboo textile announced that the company's 09 year net profit increased by 200%-300% compared to the same period last year.
Last year's realization
Net profit
5 million 153 thousand and 300 yuan, earnings per share 0.0303 yuan.
The main reason is that by adjusting the product mix and vigorously developing overseas markets, the company achieved a certain increase in export business in 2009. In the 09 years, three expenses were reduced compared with the same period last year. In addition, the performance of 08 companies was affected by the loss of securities investment and the "6.12" fire incident, and the performance base was low.
The company is a company based on
Knitted fabric
From the first half of 09 years, the gross profit margin of the company's main business was 11.09%, a decrease of 4.81% from the same period last year, a decrease of 30.25%, mainly due to a 8.02% decrease in weaving (finished goods) business, a 20.66% decrease in garment business and 7% reduction in the sewage business.
As the garment business has been independently operated, the cost of various expenses has increased considerably, making the gross profit margin of garment business larger than that of the previous year.
The company's raw materials are mainly
cotton
The cost of raw materials accounts for a large proportion of the cost of the company's products. Whether the supply channels are smooth or not, the price trend will directly affect the production cost of the company.
In 2009, the company's business objectives were: 09 years, the company's operating objectives were 720 million yuan in business income, 698 million 400 thousand yuan in operating costs and total expenses.
In the three quarter 09 years ago, the company's operating expenses decreased by 1.7% compared with the same period last year, and the financial expenses decreased by 41.3% compared with the same period last year.
The company was identified as the second batch of high-tech enterprises in Fujian in 2009, and the validity period was 3 years.
According to the relevant regulations, the company enjoys 10% preferential income tax in the three years after the acquisition of high-tech enterprises (including 09 years), that is, the income tax is levied at 15%, which helps to reduce the company's tax burden and improve the company's performance.
According to statistics, the company is a key high-tech enterprise identified by the Ministry of science and technology, and 80% of the equipment has reached the advanced or advanced level in the world.
The company has passed the ISO9001 quality management system certification and the International Eco textile standard certification, and has become one of the few textile enterprises certified by this standard in China.
In 05, the company was once again ranked the top ten of China's knitting industry after 03. In 06 years, the company was once again rated as one of the ten most powerful private enterprises in China.
In September 11th 07, the "phoenix bamboo" knitted fabric produced by AQSIQ was named "China's famous brand product".
In addition, the company announced in June 30, 2009 that the company's water saving and energy saving dyeing pformation and printing and dyeing wastewater recycling project received RMB 10 million yuan in the central budget infrastructure fund, which is expected to increase the company's profit in the 09 year around 1 million 800 thousand yuan.
Feng Bamboo textile in 2009 1-9 earnings per share 0.0592 yuan, net assets per share 3.2194 yuan, net assets yield 1.84%, operating income of 474 million 774 thousand and 800 yuan, down 7.82% compared with the same period last year, net profit 10 million 60 thousand and 800 yuan, down 35.53%.
The company's share price rose by 0.43% in January, which was 9.44 yuan in 21 daily.
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