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Net Profit Growth Of Textile And Garment Industry Exceeded 10 Times.

2011/2/23 8:54:00 62

Textile And Garment Export Textile Enterprises

According to Wind statistics, as of February 22nd, a total of 108 listed companies in two cities disclosed their annual reports in 2010, totaling a net profit of 18 billion 352 million yuan, an increase of 74.86% over the 10 billion 495 million yuan in the same period in 2009, of which 8 of the company's net profit grew, and the total equity attributable to shareholders of the parent company was 140 billion 558 million yuan, up 38% over the same period last year.

According to the industry classification, the five industries of textile and clothing, comprehensive, ferrous metals, food and beverage and electronic components have the largest increase in net profit.

Double profit of 32 companies

Among the 108 companies that have published annual reports, there are 87 companies that have realized net profit growth, accounting for 81%, and 32 companies that have doubled net profit. The largest carbon [18.17 -3.91%] (600516) ranks first in the net profit growth of more than 10 times, followed by [6.90 -3.36%] (600507) of Fangda steel, gorgeous family [17.01 0.95%] (600503), and giant [26.93 -1.50%] (600160).

Hua Mao

Shares [11.90 -5.18%] (000850) increased by 818.2%, 447.9%, 418.6% and 406.4% respectively.

Among these companies, there are 8 companies with earnings per share of more than 1 yuan, of which the highest is [6.79 -2.99%] (900948), with earnings per share of 3.45 yuan, followed by Dafu technology [68.46 -1.65%] (300134) and Zhonghong real estate [16.96 -5.88%] (000979), with earnings of 1.98 yuan and 1.64 yuan per share respectively.

According to the annual reports of listed companies, the main reason for the growth of performance in 2010 is mainly that the recovery of the economy has led to a pick-up in the industry boom, and the sales volume of the listed companies has been rising.

According to Wind statistics, the 108 companies achieved a total operating income of 208 billion 273 million yuan, an increase of 22% over the same period last year.

Fang Da carbon said in its annual report that the rapid growth of its performance was mainly due to the increase of the capacity of Fushun subsidiary Laihe Mining Co., Ltd. in the second half of 2010. The price of iron refined flour rose and the profit space increased, which played a key role in improving the overall business performance of the company.

Fang Da steel also said that the company's product sales price has increased, and its profitability has been enhanced.

The gorgeous family began selling the Suzhou project in 2010, bringing about a net profit of about 100 million yuan.

In addition, the company will pfer the 48.4761% stake and the right of Shanghai Hongsheng Real Estate Development Co., Ltd. to the search & amp; investment (Shanghai) Investment Limited company, which is acquired by the Shanghai Grand Real Estate Development Co., Ltd. according to the original framework agreement, increasing its net profit of 2010 yuan in the year to about 390 million yuan.

These surging companies naturally have the concern of institutional investors.

In the fourth quarter of last year,

Fangda carbon

With the support of many institutional investors, the social security fund has even become the largest shareholder in the company.

Fangda steel also has Haitong fund, Zhonghai trust, Shang Morgan, CITIC [0.00 0.00%] and other institutional investors to enter the ranks of its top ten tradable shareholders.

However, it is worth noting that despite the sharp increase in performance, Fangda carbon and Fangda steel will not be allocated in 2010.

Net profit growth of textile and garment industry exceeded 10 times.

According to Wind statistics, according to the industry classification of Shen Yi class, 19 industries in 23 industries have achieved net profit growth, and five industries in textile, clothing, integrated, ferrous metals, food and beverage and electronic components have increased by five times in net profit, up 10 times, 6.5 times, 3.2 times, 3.2 times and 1.4 times respectively.

The textile and garment industry showed a resumption of growth last year.

Exit

Data show that in 2010 1-12, textile and apparel exports totaled $205 billion 800 million, an increase of 23.2% over the previous year, of which textile exports amounted to $75 billion 800 million, an increase of 26.4% over the previous year, and clothing exports amounted to 130 billion US dollars, up 21.4% over the same period last year.

According to the calculation of the annual performance of the key companies covered by Shenyin [3.20 -6.98%] securities, it is estimated that 64% of the company's net profit growth rate exceeds 30%, and the annual performance of key companies is expected to grow by 38% over the same period of 2010.

There are four textile and garment companies that have published annual reports, including 000850 of Huamao's first annual report (406%).

The company can get a substantial increase in net profit under unfavorable factors such as high cotton price and appreciation of RMB, mainly due to the contribution of investment income.

The annual report shows that the company sold [17.42 -5.17%]1830 million shares of Hongyuan securities, earning a net income of 222 million 904 thousand and 800 yuan, and received the company's 2009 dividend payment of 5 million 32 thousand and 500 yuan, accounting for 63.31% of the company's net profit.