China's Clothing Losses Nearly 19 Million In The First Half

In the wake of the continued weakening of the global economy, Textile industry This is also implicated, and the export situation is more serious. Chinese clothing (000902 shares, quotes, information, main trading) released today's semi annual report shows that the company lost nearly 19 million yuan in the first half.

　　 Chinese clothing Half year report shows that in the first half of the year, the company achieved a total revenue of 675 million yuan, down 13.02% from the same period last year. Net profit compared with the same period last year, it is still losing money and showing an increasing trend of 18 million 905 thousand yuan.

The company believes that during the reporting period, the sovereign debt crisis in Europe and the United States and the implementation of trade protectionism in developed countries and other factors, the first half of the enterprise orders decreased, the overall level of profitability of the industry further declined. In the face of the sluggish demand in two international and domestic markets, in order to avoid the risk of overstock, the company took a cautious attitude towards import and export business in the first half of the year, and appropriately controlled the volume of import and export business. The gross profit of the company began to decline due to the rising cost of domestic raw materials and labor and the fluctuation of exchange rate. Besides, Men's wear brand It is still in the early stage of trial promotion, and some of the initial costs will take place. Therefore, the Chinese garment industry suffered another loss during the reporting period.

However, Chinese clothing said that despite the more severe external situation, the company has been developing new business areas and striving to achieve smooth operation of various businesses. It is worth mentioning that many other textile enterprises say that under the background of steady growth of the domestic economy, we will take the opportunity to complete the upgrading and transformation, and form differentiated competition as soon as possible so as to seize the future market.