A Number Of Listed Textile And Garment Companies Suffered Losses In The First Half Of The Year.

Cost pressures,

Shandong Hailong released its performance forecast today. It expects to make a loss of about 255 million yuan in 1-6, and earnings per share are about -0.295 yuan.

In view of the reasons for losses, the company said that the price of products had dropped sharply in the two quarter, while raw material prices remained high, leading to a larger loss in the first half of the year.

This once leading Chinese chemical fiber industry is struggling to survive in a loss situation.

It is an indisputable fact that the viscose staple market is in the doldrums and the price of products is upside down with cost.

At the end of June, Shandong Hailong announced that the production capacity of the company and its subordinate viscose filament production line totaled 185 thousand tons, accounting for 68.52% of the total capacity.

Chinese clothing and Huafang textile are also affected by the rising prices of raw materials.

Chinese clothing is expected to lose 5 million 500 thousand yuan to 6 million 500 thousand yuan in the first half.

Although Fang Fang textile has not released the data, it is hard to avoid losses from its announcement.

The two companies invariably attribute the loss to the cost of production.

Huafang textile said that the price of the raw materials market has been greatly affected by the fall in cotton prices. The price of products has dropped considerably. The cost of cotton and cotton yarns in the early stages of the company's inventory is relatively high, resulting in a decline in gross profit margin.

Chinese clothing also believes that