Textile And Garment Industry Is Not Under Pressure And Set Off "Pformation Tide".

Two pformation paths of textile and garment enterprises:

First, through the implementation of major asset restructuring or backdoor listing, the main business pformation will be thoroughly pformed, such as Huarun Jinhua, Xinyang Feng, Busen shares,

Fujian Nanfang Co., Ltd.

Two, through cross-border acquisition of assets, the main business will keep pace with new businesses and seek "walking on multiple legs", such as hundred round pants industry, Zhonghe shares, Jiangsu sunshine and other companies.

Under the pressure of weak export and rising labor costs in recent years, the decline of garment industry's profits is becoming increasingly severe, which directly triggers a rise in the textile and apparel listed companies.

The wave.

Especially in recent months, the merger and acquisition of related companies has been frequent, and the stock price performance is also unusually hot.

For example, Lukang has been resumed technology, Kaiser shares, 100 round pants industry, Busen shares and Thailand shares.

Up to now, there are still suspension companies, including Saturday, Alex and Jialin Jie.

The main industry is under pressure.

From the end of 2011, the boom of domestic textile and garment industry began to decline.

On the one hand, raw materials, labor costs and store rentals are rising. On the other hand, the rapid development of the electricity supplier has greatly affected the sales under the line, and the industry as a whole is in the doldrums.

Throughout the 2014 semi annual report issued by textile and apparel listed companies, nearly 90% of the companies realized profits.

Although textile and apparel listed companies are generally profitable, the company's performance is still declining.

Data show that in the one or two quarter of this year, the operating income of Listed Companies in the whole industry decreased by 1.61% and 4.30% compared to the same period last year, and net profit fell 0.62% and 2.37% respectively.

Take the 100 round pants industry as an example, the company's net profit in 2013 dropped 39.86% compared with the same period last year, and net profit in the first half of 2014 dropped by 44.81% compared with the same period in 2013. Net profit in the first half of this year was 33 million 289 thousand and 800 yuan, down 394.18% from the same period last year.

Based on declining performance, its share price also experienced a sharp dive.

Guo Jin securities industry researcher said that the textile and garment industry will linger at the bottom in the second half of the year, and the financial indicators will continue to deteriorate.

Transformation to find a way out

Under such a grim situation, textile and garment enterprises have been looking for a way out. Large enterprises have joined up vertically and horizontally, expanding their territory, and small businesses have simply restructured and injected assets, leaving the main business of textile industry.

This year, the listed companies that basically quit the main textile industry include Huarun Jinhua, Shin Yotoyo, Busen shares, Huafang textile and Fujian Nanfang spinning.

On the evening of August 21st, the suspension was nearly 4 months.

Unveil its major asset restructuring.

The plan includes the replacement of major assets, the sale of assets, the purchase of assets and the supporting funds for issuing shares.

After the reorganization is completed, Busen shares will be pformed from garment enterprises to high-end eco agricultural enterprises, and the main business will be pformed completely.

Another example is the Huafang textile company, which announced in September 10th that the Commission has already made a major asset restructuring plan for former permitted company.

According to the previously announced plan, Huafang textile has all assets and liabilities owned by the company as the replacement assets of the 100% equity equivalents of Jiahua energy, which are owned by 96 trading parties such as Jiahua group and so on. The balance of the above assets replacement is paid by the company to 932 million yuan according to the 5.32 yuan / share price of the counterparty.

Insiders said that such a way to withdraw from the textile main business through backdoor and other means is indeed a way out for poor enterprises with poor performance.

At present, there are also some companies with such consideration in the upstream chemical fiber enterprises of the textile industry.

Seeking diversified development

At the same time, some enterprises are seeking to obtain higher valuations and performance growth through cross-border mergers and acquisitions while retaining their original businesses.

From the announcement of the case, since entering the field of new energy and new materials in 2012, Zhonghe shares have increased the layout of related industries.

In June this year, the company issued a fixed increase plan to increase the issuance of not more than 250 million shares, raising funds not more than 1 billion 500 million yuan, all used to supplement working capital, accelerate the layout of lithium battery industry, promote the pformation from the textile printing and dyeing industry to the lithium battery industry, and have initially built a complete industrial chain of lithium, lithium and lithium battery materials.

The hundred round trousers industry is going to buy cross-border electric business worldwide Tesco at a price of 1 billion 32 million yuan, of which the 100 round trousers industry will pay 972 million yuan for the stock consideration and 60 million yuan for cash.

The main business of the 100 round trousers industry is retail of mid and low end trousers.

The electricity supplier has a certain impact on its offline sales network, coupled with factors such as intensified competition in the industry, and the company's performance has declined.

The acquisition of universal Tesco has become a way to seek pformation.

In addition to the above large-scale acquisitions, some smaller integration actions are emerging one after another.

Some enterprises have built up the industrial chain through acquisitions and integration, and some enterprises have expanded cross-border business.

For example, Semir apparel intends to buy shares in related companies by 100 million yuan, trying to enter the children's education market.

The target is closely related to the hot spot of the market.

It is worth noting that, whether it is completely changing the main business or diversified operation, the textile and garment companies' restructuring targets are all hot spots in the market, distributing new energy, new materials, medical treatment, hand travel and cultural media.

The most typical example is hundreds of round pants industry.

The 100 yuan round pants industry intends to purchase the world Tesco, which is the leading enterprise of China's cross-border electricity supplier B2C. It has outstanding advantages in terms of quantity, price, supply chain integration, cost management and so on. At the same time, global Tesco is mainly a clothing and 3C product, and is a vertical cross border electricity supplier enterprise. At present, it has accumulated 6 million registered users.

The market thinks that B2C is still in the stage of rapid growth.

As a result, under the stimulation of market hot spots, the price of 100 round pants industry has doubled three times in the past two months.

In August 27th, the company's share price hit a new high since December 2011, closing at 52.48 yuan per share, a 248% jump from the closing price of 15.1 yuan before the April 8th session.

Lukang science and technology is also closely related to the market hot spot, and crossover into the film and television industry.

The company has acquired 100% stake in Chen Hanhai and Wuhan Zhongke and so on in the form of "equity + cash", with a consideration of 470 million yuan.

After the concept of cultural film and television, Lukang science and technology was popular in the two tier market. After the resumption of trading in May 22nd, the stock price touched the limit for two consecutive days.