Moving Up And Down Is Only For The Right And The Left.

　　 In the first three quarters of this year achievement Combing, 67 listed textile enterprises, only Feng Bamboo textile, cashmere industry, Hong Kong three shares of the company's main revenue and net profit synchronization to achieve high growth, is regarded as a stage highlight of the plate.

In the follow-up interviews, it was found that whether the cotton spinning enterprises are in the period of profit break, or under the pressure of comprehensive cost pressure, Clothing enterprise Preparations are being made: one is to extend the tentacles to larger downstream products and terminal marketing to add value space, and the two is to firmly control the control of raw materials, including channels, prices and inventory. With a view to gaining growth momentum.

These three achievements " double high "In the listed textile enterprises, although the red bean group's revenue growth has won the title of the super level contribution of the real estate business, the construction of the chain Monopoly channel surrounding the main industry is still regarded as a source of sound long-term profit growth.

　　 Phoenix Bamboo Textile: profit growth in the first three quarters of 419.21%

Incoming processing is sold to finished products.

Cotton hedging lockout profit

The smooth transformation of product structure and the cost locking of quick response have jointly created the "good news" of Phoenix Bamboo textile.

In the three quarter of the first quarter, Feng Bamboo achieved operating income of 641 million yuan, up 35.08% over the same period last year, operating profit of 59 million 800 thousand yuan, 10 times the same period last year, and the net profit attributable to parent company owners 52 million 240 thousand yuan, an increase of 419.21% over the same period last year.

"The adjustment of the company's product mix and the hedging business of cotton are the main reasons for the huge profit increase." In addition to directly benefiting from the boom in the whole industry and increasing market demand, it is also very important that the revenue from the company's business strategy is also crucial.

Since 2008, Feng Bamboo textile has begun to readjust its product structure, gradually changing the company's orders from raw materials processing to finished fabric sales, and increasing the added value of products. The deployment is being effective. The first half of the three quarter consolidated gross margin of the company was 16.01%, up 4.31 percentage points over the same period last year.

Optimizing the market revenue and overseas orders increased by product structure also boosted the company's confidence in the export market. At present, the company's overseas business accounts for nearly 30% of the total turnover. The profit margins of high value-added products have prompted the company to continue to expand the overseas market with the background of product supply structure adjustment.

In addition, the cotton hedging business has also contributed a large share of profits to the company. Since September this year, Feng Zhu has started hedging business with cotton futures, locking its profits to prevent the huge fluctuation of raw materials from causing a negative impact on the enterprises. During the reporting period, the domestic cotton price jumped several times, which only appreciated 26% in September alone, increasing the one-time investment income of the company by about 14000000 yuan, accounting for 1/4 of the operating profit.

According to Mr. Jiang, director of the textile industry of Feng Zhu textile, in response to the sharp fluctuations in the price of cotton and cotton yarn at present, the company will deal with general orders with purchase reserves. For large quantity of long-term orders, it will continue to carry out hedging in the two tier market and lock in the profit space. Because of the current cotton price trend can not be judged, do not rule out the future cotton price drop will affect the company's inventory, and then to a certain extent, affect the possibility of full year profits.

　　 Cashmere industry: profit growth in the first three quarters of 129.82%

Worldwide control of cashmere resources

Capacity sales boost revenue

In the first three quarters, the business income increased by 88.15% over the same period last year, ranking the second half of the textile sector.

In the first half of this year, foreign sales reached 239 million 100 thousand and 800 yuan, an increase of 85.16% over the same period last year, and domestic sales reached 301 million 170 thousand and 400 yuan, up 190.45% from the same period last year.

The announcement of the company's announcement on profit growth: with the weakening of the financial crisis, the international and domestic textile consumer market is showing signs of warmer growth. The market demand and sales price have gradually picked up, and the sales and sales prices of the main products have increased year by year. The product cost is lower than that of the market average at the beginning and low price, and the gross profit margin has increased. The income and profit of the company's export cashmere products are reflected, and the scope of the merger is increased by the British Duncan limited company, thereby increasing the company's operating income.

The cashmere industry expands its domestic market through the construction of the domestic marketing network, while exploiting the marketing network of Hongkong Orient Corp and Duncan, which is a low-cost acquisition, to develop an international market with its own brand. At the same time, the acquisition of Duncan cotton mill cashmere yarn production capacity of 340 tons, acquisition group cashmere sweater production line (360 tons), capacity jumped to 700 tons. The expansion of production capacity and sales increase directly drive the company's revenue.

The data also showed that the company acquired 3015 tons of raw wool and accounted for about 30% of the domestic market last year. It has become the largest acquisition enterprise in China. According to the private placement plan, Future Ltd will strive to control the proportion of 50% of the domestic raw silk and control the 30% market share of the global velvet.

The strategic intentions of the cashmere industry are very obvious: on the one hand, it controls the cashmere resources throughout the country and the world and obtains the international pricing power. On the one hand, we should integrate our domestic and international resources and industrial chains with our own advantages, expand the market rapidly, and further consolidate the position of the industry.

Secretaries of the company said that the cashmere industry will continue to deepen the integration of internal and external resources, constantly improve the company's business structure, expand its own advantages, and promote internationalization.

　 Red bean shares: the first three quarters of the profit growth of 115.03%

Real estate business contributes revenue

Channel expansion predicts profit prospects

In the half year report and the three quarterly report of Hong Kong stock, we can find that its subsidiary company, Wuxi red bean Real Estate Co., Ltd. is becoming a member of the company. In the first three quarters of the company's performance, Wuxi red bean Limited is the main contributor.

The red bean International Plaza project opened in the second half of 2008. The sales of apartments and offices began to be settled in the first half of this year, thereby greatly enhancing the share performance of the red bean.

The 6 subsidiary companies of the red bean group won the first prize this year. In the first half of the year, the achievements of the 6 subsidiaries were: Wuxi red bean Clothing Co., Ltd. net profit was 135 thousand and 400 yuan; Wuxi Yi Di Fei casual wear Co., Ltd. net profit -295.45 million yuan; Wuxi red bean cotton spinning Co., Ltd. net profit 2 million 421 thousand yuan; Wuxi Hou Shu sewage treatment Co., Ltd. net profit -31.43 million yuan; Wuxi red bean International Trade Co., Ltd. net profit -20.23 million yuan, Wuxi red bean Real Estate Co., Ltd. net profit 36 million 400 thousand yuan.

On the other hand, the company is also working hard to develop the main business of textile and clothing. From the perspective of strategic action, the company's focus is on channel expansion, that is, the rapid development of red bean men's wear chain Monopoly channel construction. According to the company's disclosure in the autumn and winter ordering conference, this year plans to complete 1300 stores, and will reach 3000 in the next 3 years. Judging from the three quarterly report, channel construction is progressing smoothly, and its advance will bring a steady and long-term profit growth momentum to the company. In order to ensure the profitability of the company, the company set up and implement the chain Monopoly standardization system while expanding the stores, and strengthened the supervision and management of the exclusive stores.

　　 According to the securities company's judgement, the company's interest in the real estate sector is not diminished due to the good returns of the red bean industry. However, the pace of the adjustment of the macro environment and policy should slow down. This has been confirmed by the company, and the company said it will "promote the real estate business prudently and cautiously". The risk of expansion in the context of high cost and high inflation has to be included in the vision of policymakers. In the future, the pulling power of red bean clothing terminal and real estate "dual business" will become the decisive force for the growth of performance.