Huarun Jinhua Lost More Than 10 Million In The First Half Year

< p > August 15th evening, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Huarun Jinhua < /a > publish semi annual report for 2014.

In the first half of the year, the company achieved a revenue of 438,68 million yuan, down 20.48% compared to the same period last year, and net profit attributable to shareholders of listed companies was 11 million 500 thousand yuan, compared with a profit of 7 million 620 thousand yuan in the same period last year.

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During the reporting period, under the influence of < a href= "http:// www.sjfzxm.com/news/index_c.asp" > market < /a > downturn and intensified competition, the company's cotton spinning and a href= "http:// www.sjfzxm.com/news/index_c.asp" > nylon business < /a > product prices were greatly reduced, gross profit margin decreased significantly, resulting in a sharp decline in sales revenue and profitability.

The gross profit margin of cotton textile business was 3.22%, down 3.87 percentage points compared with that of the previous year, and the gross profit margin of nylon business was 8.97%, down 10.39 percentage points compared with the same period last year.

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< p > according to the customs data of China, the number of cotton yarn imported from India in China in the 4, 5 and 6 months of this year is 47 thousand and 200 tons, 41 thousand and 800 tons and 32 thousand and 800 tons respectively, showing a rapid downward trend. In 2014 1-6, the number of Chinese imports of India gauze accounted for only 24.2% of the total foreign yarn imported from China, and the market share was quickly seized by Indonesia, Vietnam, Central Asia cotton yarn, and Turkey, West Africa and other countries.

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< p > according to statistics from relevant departments of India, the export volume of cotton yarn in India decreased by 20% in the 4-6 months, mainly due to the decrease in cotton yarn demand in China due to the reduction of fabric production.

From the current port bonded warehouse and the cotton producing areas on the way ahead, Pakistan, India, Vietnam, Indonesia, Uzbekistan and Turkey are the main products. There are more disputes, arbitration and claims arising from the many brands of cotton yarn, mixed batches and mixed branches, the consistency of supply and losses.

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< p > because India's domestic cotton price remained high, it did not adjust with the sharp decline of the ICE disk. In the middle and August of August, the "hang upside down" of cotton within and outside the province was about 2-3 cents / lb, so the cotton mills and exporters would rather reduce their orders and pactions and not easily adjust prices.

Compared to Vietnam, Indonesia, Central Asia and other places of the cotton mill, India's export price and export volume of cotton yarn are relatively strict, and the textile association has greater control over the export control of cotton yarn, grey cloth, fabric, clothing and so on, and the India cotton mill is more likely to "hold together" the quotation.

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< p > according to the survey, on August, 10-13, Qingdao, Zhangjiagang, Guangdong, Foshan, Zhongshan and other places India, Viet Nam brand A+ yarn C21S, C32S yarn CIF quoted price are 2.90-2.93 dollars / kg, 3.13-3.16 dollar / kg; JC21S, JC32S, JC40S yarn quotation mostly concentrated in the US dollar / kg, US $/ kg, US $/ kg, compared with the first time in August, we lowered the US dollar / kg again, but the combed yarn, high and high yarn price quotas and the adjustment range and willingness were significantly lower than the combed yarn and air spinning.

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