Industry "Wonderful Flowers" Silver Cashmere Industry Performance Growth Exceeded Expectations

Cashmere industry is rare in the industry. operating performance A "wonderful flower" that grew beyond expectations.

According to the 2012 semi annual report: the total operating income, operating profit, gross profit and net profit during the reporting period were 1 billion 209 million yuan, 124 million yuan, 155 million yuan and 136 million yuan, respectively, representing an increase of 61.21%, 186.83%, 99.39% and 97.89% respectively. Basic earnings per share of 0.24 yuan. At the same time, the company issued a notice on the performance of 1-9 menses in 2012: it is estimated that the net profit of the shareholders who belong to the listed companies in 2012 will be increased by 43.53%-59.55% in 2012.

Moreover, in the first half of the year, inventory fell to 49.9% in the first half of the year, and the number of inventory turnover decreased slightly from 0.04 times to 0.42 times in the same period last year. This change is negligible in the industry.

"The inventory of China silver cashmere industry is not serious in the industry, mainly because of its main products, cashmere is a scarce product in foreign countries, and the company's industrial chain is perfect, and the upstream and downstream industries are all done to help digestion." A the Great Wall securities analyst told reporters.

The cashmere industry is still very interested in dealing with export pressure. "Because the United States taxes heavily on domestic exports, the company has a new subsidiary in Kampuchea by issuing additional projects, where the tax burden on exports to the United States is relatively low, while the United States has also set up a subsidiary to sell cashmere in the United States. clothes " The analyst told reporters.

With the completion of the construction of the company's industrial chain and the completion and commissioning of various engineering expansion projects, the company's production scale is fully released, inventory control is also more convenient, and the risk of inventory continues to increase significantly. In addition, the operating net cash flow in the first half of the year is still negative, but has dropped by 51.2% over the same period last year.

Despite the good performance, there are still people in the industry who say BOC cashmere industry There are signs of stockpiling, and the fact that the amount of the finished product is too low indicates that the company's operating rate is not high. At the same time, inventory pressure will bring a certain risk of impairment.