Xinye Textile: Return Funds Raised With Its Own Funds.

As of November 30, 2010, the company has used its own funds 220 million yuan to return the proceeds, all of these funds have been pferred to the company to raise funds.

The company has informed the company's sponsor and sponsor representatives of the return of the above fund-raising funds.

Supplement:

With the introduction of the three quarterly reports of the major listed companies in 2010, the performance of the listed companies in the textile industry has also been unveiled.

Although this year's textile listed companies are facing two major pressures of RMB appreciation and cotton price rise, most of the listed companies in the textile industry have maintained a good growth.

In the first three quarters of the year, the listed companies increased by 10%-30% or more, including fuanna, Luo Lai home textiles, Meng Jie home textiles, Mei Bang dress, Lao Fengxiang, Pathfinder, Saturday, Weixing shares and so on.

Manufacturing leading enterprises three quarterly performance is generally over expected, brand companies also have stable growth.

Home textile companies mainly rely on rapid extension, and garment companies rely more on endogenous growth and gross margin to bring net profit growth.

From the situation of Listed Companies in different sub sectors of the textile industry, it shows different characteristics.

The clothing plate presents the characteristics of consumption upgrading and brand contribution, such as the seven wolves, the red bean stock, the wedding bird and so on.

Among them, seven wolves continue to carry out channel construction through continuous upgrading of the company's brand image, resulting in a substantial increase in performance.

In the first three quarters of 2010, the seven wolves achieved an operating income of 1 billion 578 million yuan, up 8.37% over the same period last year, and the net profit attributable to shareholders of listed companies was 180 million yuan, up 35.9% over the same period last year.

The third quarter's operating income and net profit increased by 4.86% and 47.87% respectively.

According to the seven wolves, the order of the company increased in 2010, so its performance in 2010 is expected to increase over the same period last year.

Seven wolves predict that the net profit attributable to shareholders of Listed Companies in 2010 will increase by 20% to 40% over the same period last year.

High growth of cotton prices

Analysis of the textile and chemical fiber plate in the upstream of the textile industry chain, the profits of the listed companies are mainly due to the improvement of the domestic and foreign market and the promotion of the product price.

Considering the impact of low base factors in the same period last year, the profit growth of some listed companies of textiles and chemical fiber plates is particularly significant.

In the cotton spinning listed companies, the net profit of Xinye textile belonging to the parent company grew year by year, ranking the first among the similar listed companies.

Xinye textile publishing quarter reported that the company achieved a net profit of 26 million 530 thousand and 500 yuan in the third quarter, an increase of 290.83% over the same period last year.

In 7-9 months, the total revenue of the company was 607 million yuan, up 23.35% from the same period last year.

In the 1-9 month of this year, the total revenue of the company was 1 billion 670 million yuan, an increase of 28.74% over the same period last year, with net profit of 63 million 940 thousand and 200 yuan, up 232.95% over the same period last year.

The company said that the sharp increase in net profit was mainly due to increased product sales, increased selling price and higher gross profit margin.

The company expects net profit in 2010 to grow 1.8 times -2 times over the same period.

In November 2006, Xinye textile, a small and medium-sized board in Shenzhen, was listed. Its main business is cotton yarn and fabric production.

However, the sharp rise in cotton prices did not cause trouble to the company. On the contrary, Xinye textile made a big profit by raising the price of its products.

It is understood that domestic cotton futures prices rose sharply after August, which is more than 20% higher than that in early August.

The rise of cotton prices has limited impact on brand clothing enterprises. Most of the market based brands can be pferred through price increases and new product strategies. The price range of autumn winter clothing is generally over 10%, and the discount intensity is also significantly reduced.

For production enterprises, the general profit margin is relatively low, and it is more sensitive to the price changes of raw materials. It is difficult to rely on their own ability to digest the rising pressure of raw material prices, the differentiation of industries will further intensify, and the companies with resources or industrial chain integration will have relatively small impact.

As the largest textile processing enterprise in Henan Province, Xinye textile belongs to a small company with minor impact.

Xinye textile deputy general manager returned in the interview said that light Xinjiang returned 50 thousand tons, the 50 thousand tons average 2 yuan, 3 thousand yuan profit in this, and then we import that piece of good, the first part of the import is from last month 10 months from Uzbek, it must be early, it is from September began to place orders, reached 20 in November 20 cotton came over, that is only 5 thousand tons, 1 tons to the home price is around 10 thousand and 1, so this year the situation is good.

Gao Ke, director of the Xinye spinning and weaving mill, said that the rise in cotton prices also brought about a substantial increase in the price of cotton yarn. This period brought good opportunities for the increase in efficiency, so under this premise, the efficiency of production and the production of raw materials were increased.

It is understood that the output of Xinye textile has increased by 3% to 5% over the same period last year due to the rising price of cotton and cotton yarn.

Textile enterprises to warm up or encounter obstacles

According to the analysis of the industry, the reason for the general growth of textile enterprises' performance is that the base is too low, and the two is because of the growth of market demand.

However, in the late stage, whether the textile listed companies can maintain the current profit situation is still worth worrying.

Data show that the domestic logistics association released the July PMI index of 51.2, declining for three consecutive months.

Although the manufacturing economy is still expanding, the growth rate has begun to slow down.

On the international side, the economic growth of the main export markets will slow down, and the pulling effect on China's textile exports will also weaken, thus affecting the continuous recovery of China's textile exports in the later stage.

It is understood that in the US economy, the US PMI in July 2010 was 55.5, down 0.7 percentage points from June, and fell to the lowest level since December 2009.

In addition, the euro area's PMI decreased to 55 in August, down 1.7 percentage points from July.

The fiscal tightening policy adopted by some European countries to solve sovereign debt problems has also dragged down the economic recovery.

Meanwhile, Japan's PMI in July was 52.8, down 1.1 percentage points from June, the lowest in nearly four months.

The initial value of industrial output in Japan increased by 17% over the same period last year, declining for the third consecutive month. The yen hit a record high against the US dollar and increased the pressure on the recovery of the Japanese economy in June.

In addition to the weakening demand factors, textile enterprises will also face the threat of high cotton prices. Considering that cotton prices remain high under the condition that cotton stocks are used up, it will bring great cost pressure to textile enterprises.