Only 5 pre-extended Changshan shares of 54 textile and apparel companies are expected to lose 40 million yuan

A textile company listed company’s securities department told reporters that although the company’s main textile revenues have increased, but its net profit has been negative for the past two years, China’s textile industry has experienced a “roller coaster” in cotton prices, and then faced an increase in *** prices. The pressure, and most let the textile companies do not eat is the rising cost of labor, a variety of factors leading to continuous increase in the cost of textile companies, and the profitability of textile companies are also being compressed.

According to statistics from Tonghuashun (300033) iFinD, as of July 16, 54 textile and apparel listed companies issued interim warnings. Among them, only 5 companies have increased in advance; 23 companies have increased slightly; 6 companies have slightly decreased; 4 companies have decreased; 6 companies have suffered the first loss; 9 companies have continued losses and 1 company has turned losses.

The growth of textile industry does not increase profits The current textile industry has experienced a situation of increasing income without increasing profits. In the face of the growth of the main industry, the main reason for the net profit loss is still high costs.

According to statistics from Flushing iFinD, among the 54 companies that announced the interim warning, 26 companies reported that the net profit growth floor was negative. Among them, Changshan Co., Ltd. (000158, share bar) temporarily lost the first place, the company expected the first loss in the first half of the year, the net profit of about 40 million yuan loss, a decrease of 318.18%.

When explaining the causes of losses, Changshan shares said that due to the combined effect of unfavorable international demand, weak domestic demand, an increase in international and domestic cotton spreads, and an increase in factor costs, the cost of textile products has increased while the selling price has decreased substantially, resulting in a decline in profitability. Make the company's main business loss.

In addition, statistical data show that the expected net profit reductions for ST Road B, Shenzhen Textile A, Shenzhen Textile B, China Apparel (000902), ST Rey B, Veken Elite (600152), and China Resources Jinhua (000810) are all More than 100%, the decline rate reached 224.02% to 183.52%, 217.41% to 188.52%, 217.41% to 188.52%, 217.02% to 200.34%, 193.45% or so, 126.65%, 107.75% to 106.45%.

As for the pre-loss of the interim report, when the reporter interviewed a company listed on the pre-lost textile industry, some people in the securities department told reporters that the salaries of the employees of the company rose too fast in the past two years, which greatly increased the company's cost. In addition, the ups and downs of cotton prices and the continuous rise of *** are also further reducing the profitability of textile companies. "The company's main business revenue in the annual report last year is rising, but the net profit is still a loss."

The low and high cotton prices outside the domestic textile industry have led to losses in the textile industry.

According to the monthly report of China Cotton Textile Enterprise Production Analysis released by the China Cotton Association in May, the domestic textile raw material market continued to decline in May, and the decline was larger than that in April. The number of enterprise purchases fell by 9.8% from the previous month. However, due to the increase in price advantage of imported cotton, the number of purchases actually increased by a large margin, by 42.5%.

Ma Junkai, Deputy Secretary-General of the Cotton Association of Dezhou, Shandong, stated that all cotton textile companies that use cotton as their raw materials are in a state of loss. At the same time, mixed textile companies using cotton and chemical fiber are between micro-profits and micro profits. The new type of fiber companies, which do not use all the chemical fiber used in cotton, are profitable, but their profitability has fallen sharply from previous years.

According to statistics, there are currently 8 listed companies in cotton textiles, of which 3 companies have a slight decrease in net profit; 1 company continues to lose money; another 4 companies increase slightly.

In the first half of this year, STCi continued to lose money, and its net profit loss was 12 million yuan to 8 million yuan. In addition, the three companies of Vosges Group (002083), Lianfa (002394) and Luolai Home Textiles (002293) suffered a decline in their performance: 40% to 10%; 40% to 0% and 11663 net profit. Ten thousand yuan to 162.43 million yuan, a decline of 30% to 0%.

In addition, there is a danger of negative growth even in the four companies that have slightly increased. Among them, Zhonghe (002070, stock bar) net profit growth rate of -20.00% to 10.00%, Xinye Textile (002087, stock bar) net profit growth rate is -10.00% to 10.00%.

Among the above-mentioned cotton textile companies, only Fu Anna (002327, shares it) and Meng Jie Home Textiles (002397, stock bar) net profit growth between 0 and 30%, count as a slight increase.

Branded Clothing becomes "cornucopia"

Compared to the decline in the performance of the textile and cotton textile industries, the listed companies with branded apparel have experienced more days and more encouraging results.

According to the statistical data of the Flushing iFinD, among the 54 listed textile and apparel companies that issued interim warnings, only Zion Bird, Kanudi Road (002656), Hongda High-tech (002144), China Silver Cashmere (000982), and Taiya Securities were only reported. (002517) The five companies achieved pre-increase, net profit respectively: an increase of 30% to 60%; an increase of 50.00% to 60.00%; net profit of 47.36 million to 56.83 million yuan, an increase of 50.00% to 80.00% The net profit was 130 million to 140 million yuan, an increase of 90% to 105%; net profit was 57.3793 million yuan to 61.787 million yuan, an increase of 160% to 180%.

In addition to the above five pre-increases, there are still 23 companies with a slight increase in early warning for the 2012 interim report. Among them, there are 4 companies with a net profit growth rate of up to 50%, and their main business is mainly the garment industry.

Shenyin Wanguo analysis, the newspaper reported more attention to brand clothing. It is expected that the growth rate of the men's report in the mid-term will be more stable, and that home textiles will need to be picked up in the second half of the year. In the first half of the year, the slump in external demand and the decline in orders have led to shrinking exports of textile manufacturers. It is expected that it will take time for the fundamentals of the textile industry to improve and the effect of policy adjustments to become apparent.

According to statistics, Sou Yute (002503) expects the growth rate from 2012-01-01 to 2012-06-30 to be 30.00% to 50.00%, and the company's net profit for the same period last year to 65,459,300 yuan. In addition, the maximum increase in net profit of Seven Wolfs, Pathfinder (300005) and Latitude Shares (002612) is all at 50%.