Tianshan Textile Made A Profit Of 26 Million Last Year.

< p > recently, the "a href=" //www.sjfzxm.com/news/index_c.asp "Tianshan textile < /a" issued the 2013 financial report. The company achieved revenue of 569 million yuan last year, an increase of 88.27% over the same period last year, and realized a net profit of 76 million 935 thousand and 800, of which the net profit attributable to the shareholders of the listed company was 26 million 256 thousand and 500 yuan. In 2012, Tianshan textile lost 9 million 479 thousand yuan, and the company was able to turn a profit into a profit. It mainly benefited from the new subsidiary, Xi Tuo mining. < /p >
< p > last October, Tianshan textile completed a major asset restructuring and bought 75% stake in Xi Tuo mining. Sales growth of copper ore and zinc mine not only offset the decline in textile business performance, but also made the company's main business revenue achieve a positive growth of 90.04%. < /p >
< p > annual report shows that in 2013, Tianshan textile gained 209 million of its income from wool textile business, 16.08% less than that of last year, while mining accounts for 350 million yuan, up 682.79% over the same period last year. < /p >
< p > although Tianshan textile produces more than 10% reduction in yarn and clothing categories than in 2012, but the sales volume is not decreasing, and the sales of yarn category dropped by nearly 50% compared with that of the previous year. < /p >
< p > Tianshan textile said, in 2013, the three largest a href= "//www.sjfzxm.com/news/index_c.asp" > textiles > /a > import market < a href= > //www.sjfzxm.com/news/index_c.asp > Import > /a > continued to decline, especially in the euro area and Japan, the import of textiles and clothing continued to be weak, and the domestic cost rising and the lack of market demand caused the wool textile industry, which had always been dominated by foreign trade, faced with a grim situation. < /p >
< p > 2013, the production cost of textile industry is high, and domestic and international demand is not strong. According to the National Bureau of statistics, the added value of textile industry increased by only 8.7% in 2013. Huafang textile company made a loss of 32 million 510 thousand last year, and Jilin chemical fiber net profit dropped 4066.04% and a loss of 394 million yuan. < /p >
< p > in order to find new business growth points, textile enterprises have developed sideline businesses. Xi Tuo mining, which is acquired by Tianshan Textile Institute, has a prospecting area of 70.24 square kilometers, mainly engaged in the selection and sale of copper concentrate and zinc concentrate. Xinjiang is rich in mineral resources and has great potential for future prospecting. Tianshan textile says it will actively acquire mineral exploration rights and make a big and big mining industry < /p >
< p > at present, the brands of Tianshan textile include Tianshan, GTS and SS. The company said in its annual report that it will intensify the promotion of its own brand in 2014, from the mode of production and processing to the transformation of brand business mode dominated by brand and channel. < /p >