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Weixing Shares 09 Net Profit Increased 12%&Nbsp; Textile And Garment Industry Recovery Slowly

2010/6/19 15:25:00 40

Weixing shares (002003) released its performance bulletin on Sunday night.

Due to the slow recovery process of textile and garment industry, the 09 year net profit of the company increased by 12% over the same period last year.

In 2009, the company realized

Business income

1 billion 399 million yuan, a year-on-year decrease of 5.32%; net profit of 175 million yuan, an increase of 11.86% over the same period, and a gain of 0.87 yuan per share, an increase of 8.75% over the same period last year.

The company said that 09 years, sustained by the international financial crisis, at home and abroad

Textile and clothing

The industry market continued to be weak. Although the recovery process was slow in the second half of the year, the recovery process was not fast enough, so the company's product demand was affected to a certain extent.

Supplement:

Notice: according to Weixing shares (002003) three quarterly report, the first three quarters of 2009, Weixing shares achieved operating income of 971 million yuan, down 11.96% compared with the same period last year, and realized operating profit and net profit respectively 164 million and 125 million yuan, up 10.07% and 9.39% respectively, lower than expected.

Reason index: Weixing share's three quarter single quarter income was 412 million, a year-on-year decrease of 14.05%.

The three quarter was the traditional peak season for sales, but sales fell by a drop of 10.35% over the first half of the year. The three main businesses in the company were similar to those in the first half of the year. The revenue of the buttons decreased, and the zippers and crystal drills kept a slight increase.

Affected by the economic crisis, downstream

Garment industry

Demand is sluggish, the export demand of the entire textile and garment industry is still sluggish, and demand has not been fundamentally restored.

The button industry is recovering slowly.

Since the second half of the year, the price of button materials has increased steadily, which has put pressure on the maintenance of the gross margin of Weixing shares.

Weixing stock orders have not improved significantly compared with the first half of the year. The current orders are mainly from domestic customers, but the profit margins of domestic orders are narrower.

Weixing shares are strongly dependent on the export market and sluggish external demand, which makes Weixing shares difficult to turn over in the short term.

In terms of corporate strategic management, Weixing shares have encountered bottlenecks in marketing and distribution channels, and no substantive breakthrough measures have been taken. It is expected that there will be no bright spots in the whole year's performance.