HuaFu color spinning (002042) net profit greatly reduced by eighty percent

HuaFu color spinning (002042) on July 29, evening disclosure center daily news, the first half of a net profit of 51.1784 million yuan, up 78.78% decline and earnings per share of 0.06 yuan. Achieve business revenue of RMB 2.792 billion yuan in the first half, up slightly reduced by 0.84%.

HuaFu color spinning analysis says, the first half of the same period a larger drop yarn all valence is the main factor of the decline in Maori. At the same time, the company is expected to 1-September this year will be a net profit of 80 million-100 million yuan, 60% year-on-year drop-80%. For the same period in the first half by main larger, and the price of cotton yarn to suppress the inside and outside the price of ascension.

This is the epitome of the textile enterprises, and the present situation of the textile industry crisis. China cotton association tracking cotton manufacturing enterprise KuiSunMian reached 40%, 30000 pieces of the following spinning enterprise reduction and discontinued face close to 50%. 7 YueGong letter issued by the department in the first half of 2012 China's textile industry operation situation analysis and report says, by international market demand weakened, the domestic market demand growth slowed, and cotton price difference too factors, China's textile industry operation present situation decline, production growth dropped significantly, export quantity decreased, enterprise benefit the drop, industrial chain front (cotton, chemical fiber) loss heavier.

Textile enterprise losses, industry insiders think is caused by high in the MianJia low. By July 5, MianJia sent about 4500 domestic and foreign yuan/ton. The shandong Texas cotton association deputy secretary-general MaJunKai says, all use cotton as the raw material of pure cotton textile enterprise, all at loss state; At the same time use cotton and chemical fiber mixed textile enterprise, it is in the kui and between small profit; Don't use all of the use of chemical fiber cotton enterprise, have profit, but earnings than before a few years down dramatically.

With the cold wave in textile industry, A shares of the listed company of textile performance has half present negative growth. The idea of center daily news has been released in 54 house textile company, there are 26 the minus, only five the increase. Among them, the tianshan textile (000813), A deep textile (000045) not only performance losses, the stock is down sharply.

For the second half of the survival of textile enterprises, the letter is expected to work, textile enterprise will still be in a more difficult position, textile and apparel exports will continue to low growth, trade integrated benefit a year growth will decline, the enterprise KuiSunMian and losses will be enterprise which has expanded, more in, small, miniature enterprise will face the risk of knocked out.

Source "the Chinese textile nets"

Editorial: Ashcol