Three Factors Lead To Negative Profit Growth Of Some Textile Enterprises

The near future Textile and clothing A total of 13 listed companies released their annual reports. From the recent earnings report of the textile and garment enterprises listed in the annual report, except for the negative earnings per share of China's glass fiber, other companies have achieved positive returns. From the perspective of net profit growth, the profits of other companies have increased in varying degrees except for the net profit of four companies. The decline in net profit of Hong Kong share was mainly due to the decline in gross profit and the decrease in gross profit margin. In addition, the advertising investment was increased by 12 million 104 thousand and 300 yuan in order to match the clothing chain Monopoly construction. The main factor of the decline in Shenzhen textile A performance was the non recurring gains and losses in the current reporting period than the previous year. The non recurrent gains and losses caused by the transfer of land use rights and the recovery of large debts were higher in the previous year.

In addition, the global economic downturn and the decline in gross margin of export trade led to a 6.83% decline in trade profits of the company. The decline in China's glass fiber profits was mainly due to the global financial crisis in 2009. Glass fiber industry Under the impact of the central government's stimulating economic policies, the sales volume of the domestic market has increased, but the annual price of products has been low, which has directly affected the overall economic benefit of the fiberglass industry in 2009. Shenda's cotton spinning manufacturing business has lost nearly 2 million 400 thousand yuan, and the traditional textile business of the company mainly includes cotton spinning and weaving and dyeing business, which are mainly made of yarn and combed cotton. Limited by the location advantage of the industry, the operation of the plate is becoming more and more difficult. According to the strategic layout of the company, the traditional textile manufacturing related assets have been replaced with the qualified assets of the parent company Shanghai Shenda (Group) Co., Ltd. during the reporting period, thus completely withdrawing from the traditional spinning and weaving business.

Overall, from the listed companies that have published annual reports, the 2009 led to Textile enterprises There are three main reasons for the decline in profits: first, the decline in export and export yields caused by the global economic downturn; two, under the circumstances of the financial crisis, some sub sectors are seriously affected and some products are relatively low prices; three, some enterprises expand their opportunities by using the low and medium asset prices of the crisis, resulting in higher costs.