The Eight Prism Refracts Survival Instinct.
Agencies predict 2011 Annual Earnings per share of over 0.5 yuan of 25 textile and apparel stocks
Profits and losses
YOUNGOR will survive most of its existence.
In the first half of the year, it made a profit of 837 million 443 thousand and 300 yuan, accounting for 13.68% of the total net profit of the industry, which was 70.33% higher than the net profit of second Lu Tai A.
Textile and clothing
There are 17 Companies in the sector earning more than 100 million yuan, of which YOUNGOR made 837 million 443 thousand and 300 yuan in the first half of the year, accounting for 13.68% of the total net profit of the whole industry, and became the largest listed company in the textile and garment industry.
Compared with second Lu Tai A, YOUNGOR's net profit is 70.33% higher.
During the reporting period, the apparel business achieved 2 billion 966 million yuan of operating revenue, net profit of 404 million 180 thousand yuan, an increase of 23.88% over the same period last year. The real estate business only concentrated on the single phase project of Suzhou Sun City, achieving 1 billion 748 million yuan in business, an increase of 3.03% over the previous year, and a net profit of 31 million 367 thousand and 800 yuan. The disposal of tradable financial assets achieved 20 million 727 thousand and 900 yuan of investment income, and disposed of the sale of financial assets by 762 million 150 thousand yuan, and the change in fair value was -298.6 million yuan.
Huafang textile gross profit is the most vulnerable.
Compared with the same period last year, the performance fell by 186.60%, and the cumulative net profit for the next reporting period is expected to continue to lose.
Huafang textile is the most serious loss of money in the first half of the textile and garment industry.
In the first half of the year, the company achieved a total revenue of 716 million 770 thousand yuan, down 21.04% from the same period last year, and the total operating cost was 773 million 190 thousand yuan, achieving a net profit of -3116 million yuan, which belonged to the parent company's owner's equity -2881.44 million, compared with the profit of 33 million 271 thousand and 300 yuan in the same period last year, its performance fell 186.60%.
It is estimated that the accumulated net profit at the end of the next reporting period may continue to be a loss.
The reason for this is that the price of cotton has dropped sharply, and the price of products has dropped considerably. In addition, the cost of cotton and cotton yarns in the early stage of the company's stock materials has led to a big drop in gross profit margin. The lithium battery industry has not achieved the expected investment effect, and the company has difficulty in judging and grasping the development of the lithium battery industry.
At the same time, the tightening monetary policy of the state has also increased the financial cost of the company's financing, and has a more obvious impact on the overall operation of the textile enterprises.
Profit change
Confrontation
Mei Xinda performance "speed up" the fastest
The rapid growth of performance is mainly due to the increase in non recurring gains and losses arising from the compensation of land acquisition right of the company.
In the first half of this year, the performance of 62 listed companies in textile and garment industry increased, accounting for 80.52%, of which 12 companies successfully doubled their net profits.
The company achieved a total revenue of 632 million 708 thousand and 400 yuan, up 15.93% from 545 million 767 thousand yuan a year earlier, and realized a net profit of 67 million 585 thousand and 300 yuan, an increase of 66 million 54 thousand yuan over the same period last year, an increase of 4313.47%.
In addition to operating profit growth of 815.55% over the same period last year, the rapid growth of performance is mainly due to the increase in non recurring gains and losses arising from the compensation of land acquisition right of the company.
It is estimated that the net profit of 1~9 ~7500 in 2011 will be 65 million ~7500 yuan, up by 3400%~4000% compared with the same period (2010 1~9 yuan net profit of RMB $1 million 860 thousand). The amount of compensation for land use right of the company's holding subsidiary, ODA Textile Co., Ltd. was confirmed during the current reporting period, resulting in a larger increase in non recurring gains and losses.
*ST Far East performance "glide" fastest
The main business has basically stopped, and the company will push ahead with the restructuring process to inject good assets, but it is still in the air and has been postponed.
The performance of 15 listed companies in the textile and garment industry decreased significantly, accounting for 19.48%.
*ST Far East's main business is to sell computer software, hardware and related products, clothing and textile production, and so on, its main business has basically ceased.
Net profit attributable to shareholders of listed companies -605.77 million yuan, down -600.81% compared with the same period last year, the industry ranked the last in terms of performance growth, operating income of 48 thousand and 600 yuan, down 64.91% over the same period last year.
According to the company analysis, the rapid decline in performance is closely related to the increase in operating income resulting from the cancellation of the payment last year.
After preliminary calculation by the company's finance department, it is estimated that the cumulative net profit of the company in the three quarter of 2011 will be about -900 million yuan, and the deficit will be further expanded.
The company will push ahead with the restructuring process and inject good assets, but at the moment, it is still uncertain and postponed.
Return on investment
The largest contribution of Huamao Securities Co., Ltd.
In September 1st, the shareholders' meeting agreed to invest 450 million yuan to set up a mining investment subsidiary to undertake equity investment in mineral enterprises.
According to statistics, as of the end of the two quarter, nearly 700 A share listed companies have been involved in securities investment, accounting for about 30% of the total, of which only 54 of the business scope can include securities investment and other related businesses.
In the textile and garment industry, Huamao shares accounted for the most proportion of investment income in the first half of the year, with a total investment income of 393 million 504 thousand and 200 yuan, investment income accounted for 31.48% of the main business income, and investment income increased by 1408.34% over the same period last year.
In the first half of the year, the company's operating income and net profit grew steadily, up 35.38% and 469.32% respectively from the same period last year. The reason for the rapid increase in performance is that besides the increase in product prices and the increase in the main business profits, the large increase in investment income is also the biggest driving force. During the reporting period, 9 million 159 thousand and 500 shares of GF Securities were sold and the total profit after tax was 271 million yuan.
In September 1st, the shareholders' meeting agreed to invest 450 million yuan to set up a mining investment subsidiary to undertake equity investment in mineral enterprises.
ST crown A real estate "
Drag on
"Max"
Affected by the loss of real estate projects, it is estimated that the total net profit loss of 1~9 in 2011 will be -1500 million ~-1200 yuan.
ST crown A investment income in the first half of the year can only drag on the main revenue, and the total investment loss is 6 million 734 thousand and 700 yuan. The main revenue of the current company is 5 million 528 thousand and 800 yuan, and the net profit is -823.25 yuan.
In the first half of the year, the company's operating income and net profit failed to grow unanimously, operating income increased 4.70% compared with the same period last year, while net profit fell 252.10% year-on-year.
During the reporting period, the investment income of a single shareholding company has a more than 10% impact on the net profit of the company. The joint venture of Hongkong central alliance, Zhejiang Hualian Hangzhou Bay venture Co., Ltd. has accumulated a total loss of 26 million 995 thousand and 500 yuan during the current period. The company's income in accordance with the equity method is -674.89 million yuan, accounting for 81.69% of the net profit of the current period.
Affected by the loss of the real estate project, it is estimated that the total net profit loss in 2011 1~9 is about -1500 million ~-1200 yuan.
cash flow
Confrontation
* joint stock increase is the best way to increase inventory stock.
In the first half of the year, the net cash flow generated from operating activities per share was 0.84 yuan, and the financial index of the textile industry was -0.0754 yuan.
Whether a listed company has enough cash flow is not only related to its ability to pay dividends and repay debts, but also to the future survival and development of the company.
In the first half of the year, the most popular "drum" listed companies in the textile and garment industry were none other than the joint stock issue. The net cash flow generated from the activity per share was 0.84 yuan, and the average financial index of the industry was -0.0754 yuan.
Data show that the net cash flow generated by the operation of Luen Fat shares in the first half of the year was 180 million 507 thousand and 100 yuan, compared with 508 thousand and 200 yuan in the same period last year, which is 356.16 times the difference.
In order to cope with inflation, the company increases the stock size appropriately according to the order, and the increase of inventory is basically matched with the main revenue. Therefore, it has limited impact on the operating cash flow.
The net cash flow and the net cash flow of the company in the first half of the year were -18548.86 million yuan and -5526.87 million yuan respectively.
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Three of black peony is the most expensive.
The company's main projects have not yet started settlement, and the private placement plan is constrained by macro regulation and control, and the cash flow is down within expectations.
The worst money in the hands of the textile and garment sector is black peony. In the first half of the year, the net cash flow generated from operating activities per share was -1.91 yuan, and its basic earnings per share were 0.20 yuan.
In the first half of the year, the three fees increased, the period cost rate was 6.8%, up 3.5 percentage points compared to the same period last year, mainly due to the substantial increase in the promotion cost and management cost of real estate sales, clothing brand and so on.
At the end of the first half of the year, the company's cash account was 1 billion 600 million yuan, 37.86% lower than the beginning of the year. Its coverage for short-term debt dropped from 0.88 at the beginning of the year to 0.88, and the net cash inflow was -15.23 billion yuan, compared with 365 million yuan in the same period last year.
At present, the first level development of North new town and more two level development projects are all in the early stage of development. The main projects have not yet started settlement, while the private placement plan is limited by macro regulation and control, and the drop in cash flow is within expectation.
Dividend dividends
Busen shares are most generous to shareholders.
On the basis of the total share capital of 93 million 340 thousand shares in June 30, 2011, the total cash dividends payable to all shareholders of the company are 4 yuan (including tax) per 10 shares, and the total cash dividend is 37 million 336 thousand yuan.
In the textile and garment industry, a total of 5 listed companies introduced the allocation plan in the semi annual report, and Busen shares were the most generous.
Semi annual report shows that the company's operating income and net profit have achieved a healthy growth, operating income of 257 million 19 thousand yuan, an increase of 26.99% over the same period, and a net profit of 16 million 895 thousand and 300 yuan, an increase of 10.22% over the same period last year.
With the parent company's undistributed profit of 119 million 21 thousand and 400 yuan at the beginning of the year, the profit actually allocated by the parent company is 137 million 383 thousand and 700 yuan.
The board proposed that the profit distribution plan for the half year of 2011 is: Based on the total share capital of 93 million 340 thousand shares in June 30, 2011, the total cash dividends payable to all shareholders of the company will be 4 yuan (including tax) per 10 shares, which will distribute 37 million 336 thousand yuan in cash dividends and the remaining undistributed profits of the parent company shall be 100 million 47 thousand and 700 yuan.
The seven wolves are stingy with cash.
Although the growth rate was stable and no profit was higher, the company did not launch the allocation plan.
At present, the domestic credit crunch, small and medium-sized enterprises grudge cash can understand.
The dividend payout of A share listed companies has always been stingy, and the middle of 2011 is no exception.
According to statistics, a total of 93 companies in the Shanghai and Shenzhen two cities have announced the medium-term profit distribution plan, and the dividend companies are rare in the more than 2000 listed companies.
The seven wolves can be described as the cheapest. The first half of the year achieved operating income of 1 billion 194 million 50 thousand and 800 yuan, an increase of 22.64% over the same period last year, a net profit of 174 million 889 thousand and 100 yuan, an increase of 41.29% over the same period last year, an undistributed profit of 243 million 761 thousand and 300 yuan, an undistributed profit of 2.7646 yuan per share, and 2.0073 yuan per share of the provident fund.
Although the growth rate is stable and no profit is higher, the company still has no plan for distribution.
At present, the domestic credit crunch, the survival of SMEs is generally deteriorating. Under such circumstances, the practice of small and medium-sized enterprises' cash grudges seems to be understandable.
What is important is the future trend, and more conditions should be created to allow cash dividends to continue to rise in proportion to net profit and total financing.
Chip concentration ratio
The most concentrated chip of Smith Barney's clothing industry.
The top ten shareholders of the company share 936 million 215 thousand and 600 shares, accounting for 93.17% of the total share capital, and their chip concentration is evident.
The high concentration of chips may result from the excellent performance of listed companies and the promotion of investment value.
At the end of the two quarter, Smith Barney became the most concentrated listed company in the textile sector.
The total share capital of the company remained unchanged at 1 billion 5 million shares, but the number of shareholders was 7702 at the end of the quarter, which was reduced to 7102 at the end of the two quarter, a decrease of 600 in the annulus ratio, a change of -7.79% in the ring ratio, and a 141 thousand and 500 share in the average household holding, which was the highest in the whole industry.
The top ten shareholders of the company share 936 million 215 thousand and 600 shares, accounting for 93.17% of the total share capital, and their chip concentration is evident.
Semi annual report shows that the company's operating income and net profit growth has increased by 49.31% and 833.06%, respectively. It is estimated that the net profit in 2011 1~9 will increase by 120% to 140% over the previous year.
Leading shares are the most dispersed chips.
The top ten shareholders of the company share 140 million 682 thousand and 800 shares, accounting for 33.12% of the total share capital.
On the contrary, the total share capital of the leading shares remained unchanged, but the number of shareholders decreased from 85045 at the end of the season to 84137 at the end of the two quarter. The ratio decreased by 908, the ring ratio changed by -1.07%, and the average household shareholding had only 5050 shares, which was the lowest in the whole industry.
The company's top ten shareholders share a total of 140 million 682 thousand and 800 shares, accounting for 33.12% of the total share capital, and the lower concentration of their lower chips is clear.
In the first half of the year, the main business income of the company was 1 billion 973 million 920 thousand yuan, up 46.47% over the same period of the previous year, mainly in the international trade business, with a total profit of 28 million 50 thousand yuan, a decrease of 6.97% over the same period of the previous year, mainly the decrease of outside income, and the net profit of the owner of the parent company was 21 million 670 thousand yuan, up 13.63% over the same period of the previous year, mainly to improve the profitability of the main business.
Institutional trust
Wedding birds are most popular with the institutions.
As of the end of 6, a total of 52 main institutions had reported birds, holding a total of 146 million 650 thousand shares, accounting for 29.72% of the A shares.
By the end of 6, a total of 52 main institutions had reported birds, holding a total of 146 million 650 thousand shares, accounting for 29.72% of A shares, compared with 3 at the end of 3, and 7 million 440 thousand shares.
There are 49 institutional investors emerging in the main list, holding 132 million 700 thousand shares. No institutional investor has disappeared from the main list.
Half a year report shows that among the top ten tradable shareholders of the company, 6 funds hold 58 million 902 thousand and 200 shares (6 funds total 6 shares).
In the first half of this year, the company's operating income and net profit grew steadily, up 56.52% and 65.02% respectively from the same period last year, and the net profit in 2011 1~9 is up by 40%~60% compared with the previous year.
Opening up the industry is not enough.
In order to ensure the interests of shareholders, corporate restructuring intentions remain unchanged, and actively strive for support from all sectors of society, so that it has a sustainable profitability.
There is still no main body participating in the stock market.
In 2011, the China Daily disclosed that among the top ten tradable shareholders, there were no brokerages, funds and other institutions, and the number of shareholders increased slightly.
According to semi annual reports, during the reporting period, the company's operating income was 434 million 349 thousand and 600 yuan, operating profit was 26 million 496 thousand and 400 yuan, total profit was 27 million 682 thousand and 600 yuan, the net profit attributable to the owners of the parent company was 25 million 223 thousand and 600 yuan, of which, operating income increased by 0.27% compared to the same period last year, and net profit fell 7.08% over the same period last year.
Kai Kai Group said that in order to ensure the interests of shareholders, especially the interests of minority shareholders, the intention of opening industrial restructuring remained unchanged.
Kai Kai Group will actively strive for support from all sides of the community, so that it has a sustainable profitability.
The latest valuation match
Valuation of aviation shares is the most "low" potential.
Future Ltd will boost its revenue through restructuring its products, increasing the "dyeing success rate" and recycling the recycled water.
The valuation of civil aviation shares is near the bottom of history.
In the first half of this year, the main business revenue of the company was 1 billion 135 million 853 thousand and 800 yuan, an increase of 6.84% over the same period last year, and net profit of 110 million 268 thousand and 400 yuan, an increase of 8% over the same period last year.
In the medium term, the basic earnings per share were 0.26 yuan and the net assets per share were 3.41 yuan, of which the basic earnings per share increased by 7.88% over the same period last year.
According to the closing price in September 2nd, the unit has a dynamic P / E ratio of 12.92 times, a net market rate of 2.18 times, and a dynamic market selling rate of 1.36 times.
Future Ltd will boost the company's revenue and profitability by adjusting the product mix, increasing the "dyeing success rate" and the recycling of recycled water.
It is generally expected that the P / E ratios in 2011 ~2013 are 11.19 times, 8.96 times and 7.43 times respectively.
Fourth Ring biological valuation is the most "high" variable.
The company announcements that Zhenxin wool textile company will pfer the shares of 40 million shares held by Guangzhou to Shengjing.
After the pfer, Guangzhou Shengjing will become the largest shareholder of the company.
Compared with aviation shares, the valuation of the tetracyclic biomass is far too high.
Semi annual report shows that the company's operating income and net profit failed to achieve a consistent growth, operating income grew 31.82% over the same period, while net profit fell 46.12%.
The business cost of main business and medicine has increased compared with the same period last year, resulting in a rapid decline in net profit of the company.
In the medium term, the basic earnings per share were 0.0021 yuan and the net assets per share were 0.6979 yuan.
According to the closing price in September 2nd, the unit has a dynamic P / E ratio of 1557.93 times and a net market rate of 12.62 times.
It is worth noting that the company announced in September 7th that Zhenxin wool textile factory pferred its shares of 40 million shares to Guangzhou Shengjing, with an amount of 200 million yuan.
After the pfer, Guangzhou Shengjing will become the largest shareholder of the company.
Guangzhou Shengjing does not rule out the possibility of increasing holdings of Listed Companies in the next 12 months.
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