Cotton Textile Enterprises Outstanding Performance, Good Policy Is Worth Looking Forward To.

< p > in the first half of this year, < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > a target= "_blank" href= "_blank" > clothing < < > manufacturing industry exports show a wave of warming, inside and outside cotton price difference gradually narrowed, favorable factors superimposed, so that the industry efficiency rebounded significantly.

As of July 4th, Wind statistics showed that 23 of the 42 listed companies in shwan classification textile manufacturing industry disclosed their performance forecasts, 14 companies were predisposed to be happy, 3 were surpluses, accounting for 73.91%, and the remaining 6 were pre cut or continued losses.

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< p > analysts pointed out that with the revival of the textile manufacturing industry, the long-awaited cotton direct subsidy policy is expected to shape and will enhance the competitiveness of the industry.

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< p > < strong > cotton textile enterprises show outstanding performance < /strong > < /p >

< p > Wind data show that among the 42 textile manufacturing listed companies that have disclosed the forecast of performance, 8 of the 10 cotton textile businesses have increased their performance.

CITIC Securities pointed out that the profitability of orders and the resumption of gross profit margins, manufacturing enterprises in the first half of the profits will be generally better than the same period in 2012.

Among them, the performance of cotton textile enterprises is particularly beautiful, and the net profit of Huafu color spinning and Bailong Oriental news is expected to grow by 100% and over 70% respectively, and A is expected to grow by more than 40% over the same period last year.

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< p > "the export fluctuation and the narrowing of the domestic and foreign cotton prices narrowed the international competitiveness of domestic textile and garment exports."

Northeast Securities analyst Ye Changqing pointed out.

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< p > customs data show that textile exports totaled 41 billion 933 million yuan in the first five months of 2013, an increase of 10.1% over the same period last year, and overseas demand showed signs of recovery.

In addition, domestic cotton prices began to stabilize from the second half of 2012, and the 328 grade cotton prices fluctuated on 19000 yuan / ton, while foreign cotton prices rose steadily during the same period.

As of June 26th, the domestic grade 328 cotton price was 19312 yuan / ton, while the port picking cotton price was 15886 yuan / ton, and the difference between them was reduced to 3426 yuan / ton.

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The medium-term performance of the listed company "P" also confirms the fact that it is warm.

Huafu color spinning performance forecast shows that in 2013 1-6, the net profit attributable to shareholders of listed companies was 92 million 121 thousand and 100 yuan -10747.46 million, an increase of 80%-110%.

Due to the substantial increase in performance, the company attributed the narrowing of the domestic and foreign cotton prices to the gradual narrowing of the sales price of the products. It is estimated that the import cotton will increase in the two quarter and the cost of cotton will decrease.

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< p > < strong > good policy is worth looking forward to < /strong > < /p >.

< p > Anxin securities analysis report pointed out that the textile manufacturing sector due to the export recovery trend is determined, high inventory consumption close to the end, order structure improvement and capacity increase and other factors, the overall industry volume and price rise, and is expected to further benefit from the difference between the inside and outside the cotton price difference brought about by the performance of catalytic, cotton spinning leading the market attention.

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< p > reporter learned from the China Textile Industry Federation recently that the state is studying relevant measures to ease the distortion of the cotton market caused by the purchase and storage policy, and the cotton subsidy policy is also expected to be pilot and popularized in Xinjiang this year.

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< p > analysts pointed out that through direct subsidy policy, while effectively protecting the interests of cotton farmers, reducing domestic cotton circulation links, returning the cotton market from government control to hoeing system, is conducive to the domestic cotton price market, making the internal and external cotton prices link up, and fundamentally solve the problem of cotton price difference between inside and outside.

So that the cost of textile manufacturing industry is reasonable and further enhance the competitiveness of textile export enterprises.

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< p > 2013, due to the weak recovery of terminal consumption and the high inventory of the world, the price of textile products increased significantly. Compared with Zhao Zhicheng, an analyst at the school of securities, believes that if cotton farmers continue to implement cotton direct subsidy policy next year and do not consider the trend of International cotton prices, the domestic cotton prices are expected to fall. The decline in cost is expected to boost the overall profitability of textile manufacturing enterprises in 2014.

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