Textile Industry'S First Annual Report, Green Huafang Textile Net Profit Loss 32 Million 510 Thousand

< p > after the strike of cotton price "roller coaster", the domestic "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a "industry has been sluggish.

Especially in the case of domestic cotton prices and foreign cotton prices are too large, the domestic textile industry is even worse.

On the evening of February 25th, Huafang textile company, the first textile company to disclose its annual report, presented itself in a state of loss.

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< p style= "text-align: center > > the company says it intends to implement major asset replacement and issue shares to purchase assets and raise matching funds < /p >

The annual report of the company "P" in 2013 said that the company achieved 1 billion 349 million yuan in operating revenue, down 6.18% from the same year, and the net profit loss of listed company shareholders was 32 million 513 thousand and 700 yuan, and the earnings per share was -0.1 yuan per share.

In 2013, no profit distribution is allowed, no capital reserve will be added to capital stock.

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< p > for the loss of performance, Huafang textile explained that the textile industry in 2013 lasted for the past three years and entered the most difficult year in history.

Because China's cotton prices are much higher than the international market, the rapid rise of costs and the instability of the international market recovery, China's textile enterprises are facing unprecedented challenges, and the industry's "big shuffle" has intensified.

There was a loss in profits throughout the year.

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< p > despite the loss of Huafang textile in 2013, the company also realized the increase of cotton yarn output of the main products in the light of the sustained economic downturn at home and abroad and the market downturn.

Notice shows that during the reporting period, the main product cotton yarn production increased 8.04% compared with last year, sales increased 9.91% over last year.

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< p > it seems that a href= "//www.sjfzxm.com/news/index_s.asp" has long been recognized as the "textile industry" /a market downturn and the loss of company performance. Huafang textile has already found its home.

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< p > announcement shows that during the reporting period, Huafang textile company intends to implement major asset replacement and issue shares to purchase assets and raise matching funds.

All assets and liabilities (including contingent liabilities) held by the company are taken as the assets to be replaced, and the equivalent parts of Limited by Share Ltd 100% shares of Zhejiang Jiaxing energy chemical company, which are jointly held by the Limited by Share Ltd of Zhejiang Jiahua group (hereinafter referred to as Jiaxing Chemical Group), are replaced. The company purchases the assets of the 96 parties of the Jiahua group and other 96 parties in the form of non-public offering shares, and purchases the difference between the assets in which the assets are priced above the value of the put in assets.

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< p > according to the estimated value of 5 billion 810 million yuan of assets, the estimated value of 850 million yuan of assets, and the issuing price of the difference in issuing shares to pay assets, the issue price of 5.32 yuan / share (the average price of company stock paction on the 20 trading days before trading) is calculated. The company has issued 932 million shares to all 96 trading parties.

And by issuing matching funds to issue shares to non-specific outlets of specific objects, the total amount of supporting funds raised at 4.79 yuan / share will not exceed RMB 500 million yuan, and the proportion will not exceed 25% of the total paction volume.

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< p > according to people close to Jiahua group, the company's performance is over 100 million yuan. The company had previously applied for IPO, but the backdoor Huafang textile was mainly due to the long waiting time of IPO.

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< p > according to the "earnings forecast audit report" and "evaluation report", the forecast net profit of Jiahua group's assets in 2014, 2015 and 2016 was 528 million yuan, 594 million yuan and 688 million yuan respectively.

Excluding matching funds, assets in 2014, 2015 and 2016 were estimated to be 0.42 yuan, 0.48 yuan and 0.55 yuan respectively.

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< p > Jiahua group and Guan Jianzhong and other 71 people have made a performance promise for the reorganization. They said, "during the three accounting year after the completion of the reorganization, if the reorganization is completed in December 31, 2014 or before, the profit compensation period will be 2014, 2015 and 2016."

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< p > January 2014, the relevant materials of the reorganization have been submitted to China's < a href= "//www.sjfzxm.com/news/index_c.asp" > Securities < /a > the supervision and Management Committee has examined and been accepted by the SFC.

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