Take Stock Of The Textile Industry In 2013: Capital Market Values "Pure And Powerful".

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< p > with the release of the annual reports of listed companies such as "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a ", the panorama of the textile industry in the capital market in 2013 has been gradually displayed. On the one hand, the export and the environment have brought about a reduction in the pressure of operation, and on the other hand, the concentration of industries brought about by M & A, backdoor and reorganization.

Through sorting out the capital market, we can find that textile listed companies are seeking the possibility of various businesses, while the "pure" textile enterprises are not lagging behind. Leading companies in the leading industry are still leading the industry direction.

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< p > < strong > main business is steady and rising. The industry leader is "strong and strong" < /strong > < /p >.

< p > after more than three years of adjustment, the performance risk of textile listed companies has basically been released, and the performance of leading enterprises has been noticeably warmer.

Judging from the intuitive performance of the two tier market, in 2013, textile a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > plate increased by 9%, the Shanghai and Shenzhen index dropped 12.93%, and the textile and garment industry won the Shanghai and Shenzhen index.

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< p > statistics show that the main business income of Textile Listed Companies in 2013 totaled 3 trillion and 616 billion 60 million yuan, an increase of 12.50% over the same period last year, and the total operating profit increased by 19.08% year-on-year.

Among them, cotton textile leading Lutai A (00072) and lufa share (002394), Huafu color spinning (002042) all had a good performance in 2013.

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< p > Lu Tai's operating income last year was 6 billion 478 million yuan, an increase of 9.78% over the same period last year, and its net profit attributable to shareholders of listed companies was 999 million yuan, an increase of 41.17% over the same period last year.

In the 2013 year, the total revenue of the joint venture shares reached 3 billion 182 million yuan, an increase of 16.52% over the same period last year. The net profit attributable to shareholders of listed companies was 278 million yuan, up 20.98% over the same period last year.

The net profit of Huafu color spinning last year was as high as 200 million yuan, an increase of 120.72% over the same period last year.

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< p > except for the strong performance of leading enterprises, the performance of listed companies which are not able to stabilize the cotton price volatility is hard to say.

For example, Huafang textile (600273) lost 32 million 510 thousand yuan last year, down 312% from the same period last year.

De cotton shares (002072) lost 60 million 430 thousand yuan, down 1289.2% from the same period last year.

And Jilin chemical fiber (000420) is a net loss of nearly 400 million yuan, the short board to cope with the cost fluctuation is seriously affecting the operating performance of the textile listed companies.

The good news for this kind of listed companies is that with the promotion of the cotton direct subsidy policy in Xinjiang this year, the domestic and foreign cotton price upside down situation is expected to ease.

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< p > < strong > exports continue to warm up slightly profit trend is still difficult to change < /strong > < /p >

< p > according to Chinese customs statistics, the export volume of China's textile and garment trade in 2013 amounted to 284 billion 70 million US dollars, accounting for 12.9% of the total trade volume of goods in the country, ranking the third largest export industry after electromechanical and light industrial products.

Since 1994, China has maintained global textile and apparel exports for the first 18 years in a row, rising from 12.5% to 36% in 2012.

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< p > despite the fact that China's textile and clothing exports are still the world's largest, its growth rate is declining, and the export of textile products is becoming more and more difficult to make money.

The reason is that the rise of core costs such as labor wages, exchange rates and export rebates is still the key.

Among them, the rise in labor wages is an inevitable trend; in terms of exchange rate, with the appreciation of the renminbi, the profits of enterprises are further compressed; at the same time, some enterprises are affected by the slow pace of export tax rebates, which will affect the return of funds.

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< p > Bohai securities textile clothing analyst Chu Wen pointed out that the export situation at the beginning of this year is still not optimistic, the export unit price has dropped, the state's handling of excess capacity may be more stringent, and the small profits and even loss making enterprises in the textile and garment industry will be more sad this year.

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Wang Tiankai, President of the China Textile Industry Federation, also pointed out at the March 24th meeting that from 2011 to 2013, the export volume of textile industry increased by only 2.2% annually, and export growth mainly depended on price support.

The development level of enterprises is more diversified, and the situation of orders and profits concentrating on dominant enterprises is more obvious. A large number of small and medium enterprises are more stressed.

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< p > < strong > > concurrently sell and sell shell > a href= "//www.sjfzxm.com/" > popular < /a > thematic hype brings valuations up to < /strong > /p >

< p > at present, the crowding out effect of textile manufacturing enterprises is still continuing. Many listed companies are also seeking new income growth points, or completely changing industries through asset replacement.

Textile enterprises still prefer financial and energy capital, for example, Huafang textile will be backpacked by Jiahua energy, thus withdrawing from the cotton spinning industry.

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< p > in addition to Huafang textile, Fujian Nanfang (600483) and Huarun Jinhua (000810) have been accepted by the SFC. The Chinese clothing (000902) has been approved by the securities and Futures Commission by the overseas stock option. Shandong Ruyi (002193), Xia Ke environmental protection (002015) and three lane lanes (600370) are still in the long suspension due to restructuring, and there are many other listed textile enterprises that may be reorganized.

These stocks are popular with the capital market because of their hype about subject matter.

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< p > brokerage analysts pointed out that the reorganization and acquisition has always been welcomed by the capital market. With the global industrial pfer, the poor managers in the textile industry will be eliminated in succession, the Matthew effect is more and more obvious, and the phenomenon of backdoor and merger will continue in 2014.

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While P is running and pforming some enterprises, the listed companies that still adhere to the main textile industry rely on advanced technology, high market share and strong financing ability to ensure the healthy development of enterprises.

Like Huafu color spinning (002042), close to 20% gross margin will be far behind other ordinary textile enterprises. In 2013, its operating income was 6 billion 240 million yuan, and net profit also amounted to 200 million yuan, up 8.86% and 120.72% respectively.

It can be seen that in the fierce competition in the industry, the loss making enterprises are gradually withdrawing, and the concentration of cotton textile industry is expected to increase significantly.

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