Transformation Of Wool Textile Industry: Coping Under Pressure

Overall,

The risk of raw material price fluctuation is greater.

Fluctuations in international wool prices will affect raw material costs and product prices in the wool textile industry.

As many enterprises have imported wool from Australia, and Australian wool is mainly obtained through the Australian public auction market, the price is pparent and the degree of marketization is high. Therefore, the response mechanism of the upstream and downstream industries to the Australian wool price volatility has been formed.

Therefore, if the price of wool falls sharply in the short term, it will increase the difficulty of inventory management of wool spinning enterprises and lead to the risk of loss of inventory price.

The long-term high price will directly drive the price of wool textile products to continue to rise, resulting in the demand for wool textile products being suppressed.

No matter what drastic changes will bring adverse effects to enterprises.

Take 2012 as an example.

The total profits of the above enterprises reached 11 billion 91 million yuan, showing a certain decline.

The net profit of the 2 listed companies even appeared in the year.

At the same time, export business occupies a considerable proportion in several wool stocks.

In recent years, the significant fluctuations in the RMB exchange rate also have a certain impact on the performance of the enterprise.

In addition, the export tax rebate policy changes also bring risks to the wool textile enterprises.

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Xin Ao textile was formerly Zhejiang Tongxiang Xinhua wool textile joint venture factory, and the competent department is Tongxiang Township Enterprise Management Bureau.

In 2007, the implementation of shareholding system pformation was reorganized by Zhejiang new Australia textile Refco Group Ltd to Zhejiang new Australia textile Limited by Share Ltd.

It has 3 subsidiaries of Zhejiang new Australia textile, Zhejiang new neutralizing wool and Zhejiang thick yuan textile, and a wholly-owned subsidiary of Hong De import and export.

The company's actual controller is Shen Jianhua, chairman of the board.

Prior to the public offering, Shen Jianhua directly held 23.78% of the company's shares, and also held 53.62% of the company's controlling shareholder, Xin Ao industrial, while Xin Ao holdings held 51% of the company's shares.

Its core products are high-grade wool worsted yarn and intermediate wool wool top.

Its worsted yarn products include pure wool yarn, high-grade natural fiber blended yarn (wool, silk, cashmere, etc.) and chemical fiber blended yarn, mainly used for weaving medium and high grade knitted garments, including woolen sweater, cashmere sweater, wool underwear, wool T-shirt, wool socks and other knitwear.

High quality wool tops are the basis and prerequisite for producing high quality yarns.

In 2003, the new Australian textile and neutralization wool joint venture set foot in the processing of wool tops. Through the European advanced equipment, advanced wool modification and wool strip making technology, the top quality wool tops were produced and the extension to the upstream of the wool spinning industry chain was completed.

The top part of the top product is sold for sale except for part of its own use.

New Australian textile believes that through effective control of the production process of wool tops, on the one hand, it can broaden the scope of the yarn varieties of the company, so that the company can adjust and optimize the whole production process according to the individual requirements of customers. On the other hand, because of the seasonal demand of the downstream, the company can ensure the continuity of wool top supply during the peak season, and grasp the delivery date of wool tops, so as to seize the market opportunities.

At present, the new Australian textile collection, modification, worsted, dyeing and finishing is integrated into a complete wool yarn production and processing chain for wool washing, top making, baslan / shrink proof / mercerizing, spinning and dyeing.

As of the first half of this year, it has the annual production capacity of 7000 tons per ton of wool, 10 thousand tons of modified processing, 6600 tons of worsted spinning, and 8000 tons of dyeing and finishing.

This long industrial chain layout is also one of its core competitiveness.