subject: Gross Margin Declined Sharply Curtain Fabric [print this page] In the first two years of listing, the company able to maintain about 25 million yuan net profit a year, the financial indicators are also relatively stable. But in 2008 the company dropped 21% in revenue under the premise of a loss of 53.2019 million yuan net profit came out, this loss was even listed on the company's net profit in two years lost count them out of light.
"Can only say that it is the helplessness of the industry, the past few years we have come across a lot of curtains class enterprise, company performance is often subject to industry fluctuations." Mergers and acquisitions, general manager of a Shanghai brokerage told reporters.
Shanghai, another local broker, chief industry analyst curtains were admitted to reporters, "We have also noted such a tendency."
The analyst told reporters that "the industry is the traditional curtain fully competitive industry, homogenization of more serious, the relative excess capacity has caused fierce competition, coupled with the financial crisis two years before the export, resulting in some companies out of this the industry. "
Demian shares the experiences of the past few years is considered a microcosm of the industry based on curtains. The October 2006 board landing small company located in Shandong, one of key cotton-producing regions of Texas, despite sitting on raw material cost advantage, but the performance of the company still could not escape the fate of the industry are facing.
The company disclosed the results of the latest newsletter shows that in 2009 the company losses further increased to 109 million yuan. Board of Directors on the interpretation of the huge losses the past two years are almost identical, are affected by the industry and market, product sales curtains, curtains falling prices and raw material prices, led to a substantial decline in gross profit margin and so on.
This helplessness in the apparel industry analysts CICC curtain Manifested in a report, clearly visible. Its focus to the performance of the industry the company forecast 2009 growth of 5% or more performance in almost all the relatively high value-added clothing company.
Curtain fabric companies like China Resources Jinhua only Lutai A and is considered slightly. Because of this, the company's performance in the title was designated as "sub-industry pattern of big difference."
2009 first three quarters of data shows that the Commission divided the 44 organizations listed companies in the curtains, net assets of more than 5% rate of return of only 14, accounting for less than 32%.
"There's a lot of companies to implement diversification, while others have been completed re-replacement of the main industry, even if not taken into account, the proportion of this market are low throughout the curtain." M & A sector analysis of the above, and as such, The company has become a curtain class specializing in "business transactions" of the industry's focus areas.
