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Home Textiles Big Three competing 900 billion collectively, the "big list"

September 10, 2009, Shanghai Carolina textile listed on the Shenzhen Stock Exchange bell ringing, the largest textile enterprises in Guangdong is also capital-rich integration of Anna has taken a key step on the road. The reporter learned from Shenzhen Stock Exchange was informed that Anna rich initial public offering price to determine the issue of A shares and 30.00 yuan / share, corresponding to up to 46.88 times earnings. The stock was last Friday to conduct online and offline purchase.

    At the same time, the news release, newspaper reporter learned that, had planned on December 21, 2007 will be achieved on the IPO, but was rejected by the Commission of Hunan Meng Jie Textile Co., Ltd. has recently spent two will be just into being. So far, China’s textile industry, the Big Three Carolina, Fu Anna, Meng Jie will be listed in full in the capital markets. Analysts believe that the current output value of China’s textile industry, the size of close to 900 billion, but was more than 20000 small businesses in order to drag the form of cottage-based low-cost melee. With Carolina, rich Anna, Meng Jie three giants of the operation of the capital, China’s textile industry will face a new round of reshuffle.

    Industry concentration is low differentiation

    With the rapid economic development and deepening of the global textile industry transfer, China has become the home textiles manufacturing power and consumer power. By developed countries, consumption habits, clothing, home textiles, industrial textiles each market, three types of consumer consumption of 1 / 3, but in China’s current consumption of textiles and clothing accounted for 65%, home textiles accounted for only 23%, and the Home Textiles per capita consumption and total consumption expenditure less than 1%. Textile Industry Association, 2000 to-2007 data from the textile industry in China to more than 20% annual growth rate of rapid development in 2008 although the growth rate has slowed down, but it is also about 11.5%. Based on this, the Shanghai No. 1 Textile Network predicted that the current output value of China’s textile industry, the size of nearly 900 billion.

    However, compared with 900 billion the size of the output value of China’s textile industry still in its infancy. Analyst at Qilu Securities Research Institute, said Xu Xiaoyan, China now has more than 20000 textile enterprises, and the number is growing every year. Too many small businesses led to a lower level of technology, mainly in low-level, low-value-added products mainly resulting low level of profit industry as a whole.

    To be informed who told reporters that nearly half of which proportion of enterprises are concentrated in low-end price of 300 yuan the following products, mainly relying on price competition. On the other hand, the Chinese textile market, a lower degree of industry concentration, regionalization brand obviously, the lack of an absolute industry leader. Anna-rich regions such as the core markets in South China, East China as a key market, compared with other regions develop the market; while Carolina textile, places Shanghai as a base, mainly in eastern China, Jiangsu and Zhejiang infiltration.

    From 20000 to 20-30 at home

    The face of warlords melee pattern, Carolina textile after the listing to proceed rapidly with the building of the network. 1-9 months of this year the company to increase sales of 170 outlets, of which joined the network in the first half increase of nearly 100. Press survey found, are listed sprint Anna and Meng Jie Fu disclosed in the prospectus of the fund-raising purposes are also used for building networks and increase capacity.

    Lijun Song, said an analyst of CITIC building, rich in September this year, Anna has 353 direct sales stores, franchises 896, but income structure of the mid-2009 Direct revenue to 142 million, accounting for 44.74%; joined revenue of 171 million, accounting for 53.98%. To this end, the company plans to release 26 million new shares as part of the financing to be obtained on the basis of the existing marketing network new Direct flagship store 20, 100, and Direct Direct store counters 60, and further enhance the sales channel control. Another part is used for textile production base in Longhua two-building, textile production base in Changshu three construction projects. Anna-rich to invest in this IPO Prospectus will be 180 direct sales stores, two years to complete at an average annual completion of 90.

    According to informed sources, Meng Jie offering to raise funds to be invested additional annual output of 300,000 sets of bedding accessories kit, and 800,000 have been kind core product lines and Meng Jie Direct market, the two terminal network construction project, a total investment of 3.63 billion

  September 10, 2009, Shanghai Carolina textile listed on the Shenzhen Stock Exchange bell ringing, the largest textile enterprises in Guangdong is also capital-rich integration of Anna has taken a key step on the road. The reporter learned from Shenzhen Stock Exchange was informed that Anna rich initial public offering price to determine the issue of A shares and 30.00 yuan / share, corresponding to up to 46.88 times earnings. The stock was last Friday to conduct online and offline purchase.

    At the same time, the news release, newspaper reporter learned that, had planned on December 21, 2007 will be achieved on the IPO, but was rejected by the Commission of Hunan Meng Jie Textile Co., Ltd. has recently spent two would be just into being. So far, China’s textile industry, the Big Three Carolina, Fu Anna, Meng Jie will be listed in full in the capital markets. Analysts believe that the current output value of China’s textile industry, the size of close to 900 billion, but was more than 20000 small businesses in order to drag the form of cottage-based low-cost melee. With Carolina, rich Anna, Meng Jie three giants of the operation of the capital, China’s textile industry will face a new round of reshuffle.

    Industry concentration is low differentiation

    With the rapid economic development and deepening of the global textile industry transfer, China has become the home textiles manufacturing power and consumer power. By developed countries, consumption habits, clothing, home textiles, industrial textiles each market, three types of consumer consumption of 1 / 3, but in China’s current consumption of textiles and clothing accounted for 65%, home textiles accounted for only 23%, and the Home Textiles per capita consumption and total consumption expenditure less than 1%. Textile Industry Association, 2000 to-2007 data from the textile industry in China to more than 20% annual growth rate of rapid development in 2008 although the growth rate has slowed down, but it is also about 11.5%. Based on this, the Shanghai No. 1 Textile Network predicted that the current output value of China’s textile industry, the size of nearly 900 billion.

    However, compared with 900 billion the size of the output value of China’s textile industry still in its infancy. Analyst at Qilu Securities Research Institute, said Xu Xiaoyan, China now has more than 20000 textile enterprises, and the number is growing every year. Too many small businesses led to a lower level of technology, mainly in low-level, low-value-added products mainly resulting low level of profit industry as a whole.

    To be informed who told reporters that nearly half of which proportion of enterprises are concentrated in low-end price of 300 yuan the following products, mainly relying on price competition. On the other hand, the Chinese textile market, a lower degree of industry concentration, regionalization brand obviously, the lack of an absolute industry leader. Anna-rich regions such as the core markets in South China, East China as a key market, compared with other regions develop the market; while Carolina textile, places Shanghai as a base, mainly in eastern China, Jiangsu and Zhejiang infiltration.

    From 20000 to 20-30 at home

    The face of warlords melee pattern, Carolina textile after the listing to proceed rapidly with the building of the network. 1-9 months of this year the company to increase sales of 170 outlets, of which joined the network in the first half increase of nearly 100. Press survey found, are listed sprint Anna and Meng Jie Fu disclosed in the prospectus of the fund-raising purposes are also used for building networks and increase capacity.

    Lijun Song, said an analyst of CITIC building, rich in September this year, Anna has 353 direct sales stores, franchises 896, but income structure of the mid-2009 Direct revenue to 142 million, accounting for 44.74%; joined revenue of 171 million, accounting for 53.98%. To this end, the company plans to issue 26 million new shares as part of the financing to be obtained on the basis of the existing marketing network new Direct flagship store 20, 100, and Direct Direct store counters 60, and further enhance the sales channel control. Another part is used for textile production base in Longhua two-building, textile production base in Changshu three construction projects. Anna-rich to invest in this IPO Prospectus will be 180 direct sales stores, two years to complete at an average annual completion of 90.

    According to informed sources, Meng Jie offering to raise funds to be invested additional annual output of 300,000 sets of bedding accessories kit, and 800,000 have been kind core product lines and Meng Jie Direct market, the two terminal network construction project, a total investment of 3.63 billion

  ”Early in 2009 Textile Industry Association statistics, 11 brand textile enterprises, the rate of growth of production and sales in 2008 were more than 10% return on sales reached 7.5%, well above the industry average. And disadvantaged businesses to compete only through low-cost maintain the customer, the situation has become increasingly difficult. “China’s textile industry association responsible person interview with this reporter said that with the textile enterprises leveraging the capital market, as opposed to China’s textile industry in the first group of the Carolina textile, rich textile Anna , Meng Jie textile and other enterprises, domestic sales of less than 500 million yuan in the second group of textile enterprises, such as violet textile, Po unadorned home textiles, home textiles Triumph, Veken home textiles, home textiles and other textile enterprises Shengyu, the future will face a reshuffle and eliminated. While a large number of third of those groups and non-branded enterprises will be faced with Matthew. As more than 20 years ago, the Chinese household electrical appliance enterprises up to 20000, and today has the scale, technology and brand advantage, only single-digit, China’s home appliance industry, textile industry may not be as cruel, but the industry concentration degree will be increased year by year, advantage or no advantage to lose textile companies will be out of the market. More moisture in the future be able to live also in the 20-30 home business.
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News Feb 26 2010