Epidemic prevention and control is at its most critical stage. On the one hand, we must continue to grasp all prevention and control work without any relaxation; Resume production in an orderly manner.
As the concentrated representatives of enterprises with innovative advantages in my country’s textile industry and the vanguard of industrial development, listed textile companies actively responded to the central government’s call and took the initiative to fight against the new coronavirus in this smokeless battle. Strive to carry out “dual-front operations”, fight against the epidemic while producing, go all out to raise funds and donate materials, and urgently arrange investment in new (expanded) textile protective equipment production capacity according to the needs of the front line of anti-epidemic, while doing a good job in prevention and control Under the premise of fully promoting the resumption of work and production, listed textile companies have fully demonstrated their responsibility and capability support.
People will not forget that in the past 2019, due to the impact of Sino-US trade friction, the exports of the textile industry continued to be under pressure. The annual export volume experienced negative year-on-year growth, and many companies suffered losses as a result.
Under such circumstances, the majority of textile companies have not forgotten their original intentions and stepped forward as soon as possible, making every effort to donate money and materials, investing in expanding production as quickly as possible, and supporting the country’s fight against the epidemic. . At the same time, the majority of textile companies do not blame others, but take the initiative to try to minimize the impact of the epidemic on the company. Textile people know best: stable and healthy development itself is a major contribution to national employment and tax revenue. The textile industry’s responsible performance during the epidemic is worthy of its status as a pillar industry of the national economy and an important industry for people’s livelihood, and listed textile companies are outstanding representatives of the industry.
At present, there are more than 400 listed textile and apparel companies in my country (Shanghai and Shenzhen Stock Exchanges, Hong Kong Stock Exchange and New Third Board Stock Exchange System). According to a preliminary survey and incomplete statistics of more than 80 listed companies by the China Textile Planning and Research Association, as of February 23, 2020, the total amount of donations from more than 80 listed textile and apparel companies (and their subsidiaries or group companies) has The donation exceeded 276 million yuan, and the estimated value of donated various anti-epidemic materials (masks, protective clothing, goggles, disposable medical gloves, sanitary disinfectant, bedding, cold clothing, etc.) exceeded 460 million yuan.
Nearly 90% of companies have started operations, and the shortage of orders is a big problem
Since the outbreak, China The Secretariat of the Alliance of Secretaries of Listed Companies in the Textile and Apparel Industry, the China Textile Machinery Association, the China Industrial Textiles Industry Association, and the China Textile Federation Industrial Economics Research Institute have successively conducted surveys on enterprises affected by the epidemic. The surveyed enterprises include 21 domestic companies. There are 97 listed companies in provinces (municipalities directly under the Central Government), involving industrial use, textile machinery, clothing, yarn, fabrics, knitting and other fields. Two-thirds of the data on which the following statistical conclusions are based are as of February 19, 2020, and the remaining data are as of February 23.
Among the 97 listed companies, 36 are on the main board (accounting for 37.11%), and 36 are on the small and medium board There are 17 companies (accounting for 17.53%), 2 GEM companies (accounting for 2.06%), and 7 Hong Kong stocks (accounting for 7.22%). There are 29 companies listed on the New OTC Market (accounting for 29.90%).
The survey shows that among the 84 listed textile companies that responded to the status of construction, some of them are currently in operation. There are 74 companies that have started construction, accounting for 88.1%.
Judging from the current order situation of the company, nearly half of the cases are insufficient orders, and the business operation is facing great difficulties.
Looking at the operation of enterprises, 8.33% of enterprises have stopped production, and 54.17% of enterprises are basically operating normally and some employees are working overtime to rush to make orders. , 37.5% of companies have employees working online. Judging from the responses to the questionnaires, the company’s start-up and operation conditions are not ideal.
The survey shows that the problems currently faced by enterprises mainly focus on three aspects: first, shortage of workers, poor logistics, and difficulty in purchasing protective equipment; second, order contracts have been significantly canceled or reduced due to the epidemic; Third, the company’s terminal (store) sales are declining and cash flow is short.
In terms of “what aspects do we expect the state to provide key support to listed companies?” companies most hope to relax financing conditions, suspend bank loans, and reduce taxes and fees.
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