China'S Garment Losses Intensify Pformation Of Fertilizer Industry Prospects

In March this year, P announced that it had not yet landed in China's "a target=" _blank "href=" //www.sjfzxm.com/ "clothing" /a "reorganization" through asset replacement, but the performance of a target= "_blank" href= "target=" > textile "main" industry continued to deteriorate.

The company has issued a report on performance, which is expected to lose 25 million ~3000 million in the first half of the year.

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< p > even though Chinese clothing has been changed to the development, production and sale of phosphate compound fertilizer according to the previous reorganization plan, the prospect of the chemical fertilizer business after restructuring is not clear.

Some industry experts told reporters that the current phosphorus and compound fertilizer profit level is still acceptable, but by ammonium phosphate, urea and other raw materials supply surplus, exports and other factors, the dealer for compound fertilizer market sentiment is serious.

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< p > < strong > main loss of textile industry, deficit again < /strong > < /p >

In 2011, the Chinese garment that successfully pulled off its hat was lost again in 2012. P

Until this year, the situation of losses will continue. The company issued a notice of performance announcement that it expects to lose 25 million to 30 million yuan in the first half of this year.

The main reasons for the loss include the continued downturn in external market demand in the first half of this year, which inhibited the development of export business, and the rising cost of exchange rate, labor wages and so on.

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< p > in the view of Zhu Qinghua, a consultant of CIC, the main bottleneck for Chinese clothing industry is that clothing business is mainly based on sales of textile and clothing materials, with low added value, no brand effect and weak ability to resist risks.

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< p > "the main business is more complicated. Apart from clothing related businesses, it also sells cultural and office supplies, arts and crafts, building materials, general merchandise and primary agricultural products, which is not conducive to its core value."

Zhu Qinghua told reporters.

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< p > "domestic garment enterprises have not declined in the first half of the year."

A few days ago, CIC released the 2013 China daily performance forecast, which showed that the growth rate of a target= "_blank" href= "//www.sjfzxm.com/" > brand clothing < /a > was generally low, and even a large area of negative growth.

In response, insiders said that Chinese apparel enterprises needed to invest heavily in brand training and marketing in textile and garment businesses.

At the same time, we should appropriately reduce production capacity and pay attention to the improvement of clothing quality and design level.

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< p > < strong > pformation of fertilizer risk > /strong > < /p >

After P suspension in December 10, 2012, Chinese clothing industry has been planning a major asset reorganization.

In March 8th this year, the restructuring plan was introduced: through asset replacement, Yang Feng shares would like to borrow Chinese clothing.

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< p > according to the restructuring plan, Chinese clothing intends to make an equal replacement of all the assets, liabilities and 100% of the Xinyang Feng fertilizer company jointly owned by 45 natural persons, such as Yang Feng shares and Yang Caixue.

The difference between the assets injected and the assets being put aside will be purchased from China's foreign shares and 45 natural persons.

After the completion of the paction, the main business will be completely changed to the R & D, production and sale of phosphate compound fertilizer, and the largest shareholder will be changed from China Heng Tian to Yang Feng shares.

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< p > however, 4 months later, the restructuring plan has not yet been implemented.

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< p > the responsible person of the China clothing secretaries office confirmed to reporters that at present, the company and related parties are actively promoting the reorganization work, and the relevant audit, evaluation and profit forecast work has been completed, and the state-owned assets supervision and administration department has obtained the approval of the asset appraisal report.

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< p > even if the phosphorus fertilizer industry is successfully pformed, the days of Chinese clothing may not be better.

Wang Qingfei, an analyst with information fertilizer industry, told reporters that the price of phosphate compound fertilizer is easily affected by factors such as upstream raw materials, export policies, agricultural support and so on.

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< p > phosphate rock and sulfur are found in the upper reaches of phosphate fertilizer. Phosphate rock is a resource product and is subject to state control.

Urea, ammonium phosphate and potash fertilizer are the main upstream of compound fertilizers. Because of the oversupply of urea and ammonium phosphate, they rely mainly on exports to alleviate domestic supply exceeding demand. If export is not smooth, the price of compound fertilizer will easily be affected.

Wang Qingfei explained.

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