German Cotton Stock: Signing The "Lease Agreement On Textile Equipment" With The German Cotton Group

Textiles and clothing (0.84%)

Non essential consumption (0.3%)

Pre profit deficit (0.78%)

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[announcement brief]

On September 18, 2014, the twenty-eighth meeting of the Fifth Board of directors of the company passed the "motion on leasing of textile production equipment". The company intends to lease some textile production equipment.

The company intends to sign the "textile equipment leasing agreement" with the German cotton group. The rental price is 12 million yuan / year, and the lease term is two years.

[bulletin review]

As a result of the continuous downturn of the textile industry, the company's continuous loss of textile business has directly affected the overall business performance of the company.

The company has the corresponding equipment and technology advantages, and the German cotton group has sufficient customer resources and scale cost advantages. The company will lease the textile production equipment to the German cotton group, which will not only keep the company's textile business from losing money, but also speed up the other business development of the company and multibillion strategic pformation, which will have a positive impact on the overall business performance of the company.

[institutional rating in recent months]

nothing

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Dotting the eyes

The recent strong rise in the stock market, dominated by long strength, short-term stock prices have been adjusted, pay attention to the 20 day average line support, the market still has action, can continue to hold bargain.