Cotton Spinning Industry Net Profit Growth Fastest

　 The net profit of cotton spinning industry increased fastest in 2010. We selected 50 Sample Firms in 2010 to achieve a total operating income of 100 billion 868 million yuan, net profit of 7 billion 999 million yuan, an increase of 34.66% and 50.28% respectively. The industry continued to grow in 2009 and grew faster in 2010.

The cotton spinning industry has increased profits by 3.6 times as the price of its yarn has risen substantially, and raw materials still use low price cotton stocks.

Industry 2011 continued to grow in the first quarter. 50 companies achieved a total operating income of 28 billion 244 million yuan, net profit of 2 billion 575 million yuan, an increase of 39.24% and 112.57% respectively over the same period. The net profit of cotton spinning industry has increased by more than 10 times.

benefit Raw material The price rose, and the profitability of the upstream company increased significantly in 2010. The gross profit margin of the 50 listed companies was 23.12% and the net interest rate was 7.93%, up 5.29% and 11.6% respectively. As the price of yarn rose, the gross profit margin of cotton textile industry increased by more than 60%.

12 sub sectors of gross margin have a certain extent of improvement, but Wool spinning The net interest rate of casual wear, outdoor apparel and leather shoes industry has declined, and the net interest rate of cotton spinning, printing and dyeing, garment accessories industry has increased significantly. In the face of factors such as rising raw material prices and rising labor costs, the upstream and downstream enterprises of textile and garment industry are facing less pressure than downstream enterprises. The transmission of prices in the industrial chain has been resisted by terminal consumption, making downstream enterprises need to spend more sales fees to keep revenue growing.

Industry 2011 cash flow is generally tight in the first quarter. The net cash flow of the 50 companies was 2011 yuan in the first quarter, 2010 in the first quarter and 2010 in the fourth quarter, respectively, being -12.38 billion yuan, 955 million yuan and 1 billion 697 million yuan, down 229.64% compared to the same period last year, and the ratio decreased by 172.95%. 2011 in the first quarter, 28 of the 50 companies had negative net cash flow from operating activities. Inventory, 50 listed companies in the first quarter of 2011, the overall inventory of 253 billion 700 million yuan, an increase of 43.62% over the same period.

The rise of prices will be blocked in the industrial chain, and the division of industry performance will be divided. The overall profitability of the 50 listed companies increased in the 2011 quarter, and gross margins and net interest rates continued to rise sharply in the cotton spinning industry. Clothing companies remain relatively high. Sale Cost rate. From the end of the consumer price transmission resistance and the use of low-priced cotton stocks, cotton spinning companies will slow down the growth of performance, with the advantages of cotton resources and better grasp of cotton prices will exceed the performance of the industry, brand clothing companies due to end product price increases, the cost of decline has a good performance growth.