Forensics Of 17 Listed Textile Enterprises Profit And Loss Rule

Because of Europe debt crisis The domestic real estate regulation and control policies, the Agricultural Bank's 100 billion IPO will be attacked and so on. As of June 25th, the market has fallen 18.39% since the two quarter, and has become one of the worst performing stock markets in the world. Stimulated by systemic risk, the textile and garment sector failed to be independent. According to WIND information data, from April 1st to June 25th, Shenyang Wanguo textile and garment sector index decreased by 16.53%, representing the middle reaches of the industry.

Enveloped in the haze of various uncertainties, the performance of Listed Companies in last year to the first quarter of this year has shaded a lot. Contrary to the stock index's "drop and fall", the profitability of A share listed companies continued to rise. Data show that in 2009, the total net profit of A share listed companies increased by nearly 27% over the same period last year, and the net profit growth rate increased to 64.82% in the first quarter of 2010. Analysts expect that the profit growth of this year will reach 20%, which is not suspense.

Measuring the industry based on the standard of investment income. Profit trend Thanks to this, the net profit of the entire textile and garment sector increased by 80.4% over the same period in 2009, slightly better than the overall profit improvement level of A shares. Similarly, the net profit in the first quarter of 2010 dropped by 9% over the same period. If there is no analysis of investment income, that is to say, net profit / operating income after deducting non recurring gains and losses: the index of textile and clothing reaches 4.45% in the first quarter, and the clothing sector reaches 8.23%, all of which have reached a record high. It can be seen that the profit of the main sector of the plate is in a comprehensive improvement.

In the annual coordinate system, the A share listed companies last year after a quick profit survey in 2008. achievement Accelerate rebound. According to the Northeast Securities statistics, as of April 30, 2010, 1815 comparable companies achieved a total operating income of 122648 billion yuan in 2009, an increase of 3.80% over the same period last year. Net profit was 1 trillion and 150 billion 520 million yuan, up 26.9% over the same period last year, of which the profit attributable to parent company was 1 trillion and 79 billion 840 million yuan, up 27.5% over the same period last year. In the first quarter of 2010, the profitability of listed companies increased substantially. In 1~3 months, all A share listed companies achieved a total operating income of 3 trillion and 579 billion 830 million yuan, an increase of 47.84% over the same period last year. Net profit was 365 billion 710 million yuan, up 64.82% over the same period last year; profits attributable to parent companies amounted to 343 billion 450 million yuan, up 63.5% from the same period last year.

Quarterly results show that the performance of listed companies has bottomed out at the end of 2008, and has continued to rebound for many quarters. According to statistics, the net profit of the 1573 comparable companies in the fourth quarter of 2008 was the lowest point in many years. Under the role of a series of national stimulus policies, the company's performance began to rebound sharply in the first quarter of 2009, and the net profit increased by nearly 4 times. In the two quarter of 2009, it was close to the same level in 2008. In the three quarter, it reached an inverse trend, while the fourth quarter decreased by 6.9%, and it returned to 2010. Rise Passageway.

The recovery path of the profit level of textile and garment sector is similar to that of the whole market. According to Haitong Securities statistics, the total operating income of listed companies of textile and apparel industry in 2009 was 92 billion yuan, up 10.29% over the same period last year, reversing the trend of the first three quarters of decline, operating profit of 8 billion 70 million yuan, an increase of 110.65% over the same period last year, and the net profit of shareholders belonging to parent company 6 billion 831 million yuan, up 80.4% over the same period, reversing the downward trend in 2008 and finally achieving 0.27 yuan per share. Among them, the textile sub industry revenue increased by 10.13%, net profit increased by 154.89%, earnings per share were 0.09 yuan, clothing sub industry income increased by 10.49%, net profit increased 67.23%, earnings per share were 0.58 yuan.