Home >

Cotton Spinning Enterprises Want To Harvest First Must Practise Good Internal Strength.

2010/9/1 19:33:00 56

From September 2009 to the end of June this year, cotton and yarn prices strengthened together, especially in textile enterprises.

Do spinning

Enterprises welcome ten years hard to meet the good market.

Recently, with the coming of the national dumping and consumption off-season, cotton and yarn prices have dropped, but the textile industry is looking forward to the continuation of good days.

The fact that cotton supply and demand gap still exists is a fact that the low cotton price era has become a thing of the past.

In the course of the inspection, the author found that cotton price was increasing with the 2010 cotton inspection team of Zhengshang.

Rise

Textile enterprises, especially spinning enterprises, have benefited greatly.

As the middle reaches of the cotton spinning industry chain, the spinning enterprises have not reduced their profits because of the rising cost price, but they are out of the hot market with cotton.

Henan China Industrial (Group) Limited by Share Ltd Deputy

CEO

Liu Zhong told the author: "since last year, the market of textile enterprises has been very good. Over a period of time, enterprises even took the initiative to raise prices for cotton yarn, which has not been seen in the past 10 years, and belongs to an abnormal year."

According to industry sources, yarn prices have risen more than cotton prices. Some spinning enterprises have even made profits of 20%, which is equal to earning 10 years of money.

For the frantic yarn price, Liu Zhong reluctantly said: "we do not want to raise prices, but cotton prices are rising."

He stressed that 09-10 can only serve as a special case, not the normal state of the textile industry.

Liu Qing, an analyst at new lake futures, said that since the price of yarn has risen along with cotton prices since the beginning of the year, and the price of yarn has risen more than cotton prices, the sales profit margin of textile industry has reached a new high since 06 March. However, the sales profit rate of downstream textile, clothing, shoes and hat manufacturing industry is not as good as that of the upstream textile industry, but the overall level has exceeded that before the economic crisis.

In terms of gross profit margin, both textile and downstream textile, clothing, footwear and hat manufacturing industries are located on the average of nearly 10 years.

With the recovery of textile market demand in the lower reaches, the price of cotton yarn has risen sharply with the rise of cotton prices, and the listed companies related to cotton textile have also made brilliant achievements in the first half of this year.

In the first half of the year, Huafang textile realized sales revenue of 526 million yuan, gross profit margin reached 13.55%, and realized net profit of 33 million 270 thousand yuan, an increase of 301% over the same period last year.

Huafu color spinning completed sales revenue of 2 billion 289 million yuan in the first half of this year, an increase of 42.71% over the same period last year, achieving a net profit of 164 million yuan, an increase of 104.31% over the same period last year.