Development Of Jilin Chemical Fiber Main Business Four Links Losses To Bamboo Fiber

< p > involvement in domestic a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > industry has been in a low ebb and transformation and upgrading has been slow. Viscose fiber manufacturer Jilin chemical fiber has failed in its performance last year. The annual report of Jilin chemical fiber released in February 25th showed that the company achieved 1 billion 395 million yuan in business revenue, a decrease of 9.98% compared with the same period last year, a net loss of 394 million yuan attributable to shareholders of listed companies, and a profit of 9 million 922 thousand and 700 yuan in 2012, which decreased by 4066.04%.. In addition, it is noteworthy that the net cash flow from operating activities of the company decreased by 331.79%. < /p > compared with the same period last year.
< p > < strong > main business four successive losses < /strong > < /p >
< p > this is the first annual report of Jilin chemical fiber in 2012 after turning round losses into profit and lifting the delisting warning. Obviously, the operation of Jilin chemical fiber has not been as good as expected in the past year. < /p >
< p > Jilin chemical fiber is affected by international and domestic market. The market price of conventional viscose staple fiber and regular pulp is always at a low price in 2013, resulting in a loss. Moreover, the company did not carry out equity financing for a long time, making the company's financial expenses up to 143 million 208 thousand and 500 yuan. The increase of 13.96%. over the same period led to the huge loss of the company in 2013, which slowed down the pace of transformation and upgrading. Jilin chemical fiber secretaries Xu Jianguo told this reporter that the company is making every effort to improve the company's current business situation, and strive to achieve profitability in 2014. < /p >
< p > after experiencing losses for two consecutive years in 2010 and 2011, according to the relevant regulations, the Shenzhen stock exchange has handled the "delisting risk warning" specially for Jilin chemical fiber. In the following year, Jilin chemical fiber realized losses and profits, and the Shenzhen stock exchange cancelled the risk warning of stock trading delisting. < /p >
< p > it is worth mentioning that the Jilin chemical fiber company in 2012 can turn a profit instead of a profit, not because the company's product revenue is realized; instead, the company achieved operating income of 1 billion 549 million yuan in 2012. Compared with the same period last year, it dropped by 33.12%, and the company's sales volume was 1 billion 446 million yuan in 2012. It also decreased by 35.2%. < /p > 2011.
< p > Jilin chemical fiber annual report shows that the company can turn a profit in 2012, thanks to the company received 188 million yuan of government subsidies in 2012 and 10 million 337 thousand and 500 yuan to sell 3 million 270 thousand shares of Bank of communications. These two non operating revenues have reversed the loss of Jilin chemical fiber for two consecutive years, making it a total profit of 9 million 920 thousand yuan in 2012. < /p >
< p > excluding the extra income factors, 2013 has been the fourth consecutive year of loss in Jilin chemical fiber main business. After four consecutive years of loss, is the company considering transformation? With this question, our reporter called the Jilin chemical fiber secretaries Xu Jianguo. < /p >
< p > "transformation of a company is not easy, nor does it mean that transformation can succeed in transformation. The company is also making efforts in this regard in considering transformation and upgrading. Xu Jianguo told our reporter. < /p >
< p > < strong > preparation 900 million yuan increase, < /strong > < /p >
In order to get rid of the deficit and achieve profitability in 2014, Xu Jianguo said that the company is making full efforts to adjust the company's business, and the internal company is developing towards bamboo fiber. In the external field, the company is working hard to find partners and strive to achieve profitability and avoid the risk of delisting again. P < /p >
< p > "the company is now putting bamboo fiber into production. Although the chemical fiber industry is not very prosperous, there is still a gross profit for bamboo fiber." Xu Jianguo said that although the gross profit of bamboo fiber is not high, but because of the adjustment and upgrading of the company, the introduction of some advanced production equipment, so that the cost of bamboo fiber production dropped a lot, so bamboo fiber is still profitable. < /p >
< p > it is understood that the company's annual output of 95 thousand tons of bamboo fiber pulp upgrading technology transformation project has been completed 90%. Jilin chemical fiber said that 95 thousand tons of bamboo pulp meal project will effectively reduce the production cost of bamboo pulp and bamboo fiber, improve the production efficiency and quality of bamboo pulp, bamboo pulp and fiber, and expand the company's competitive advantage in bamboo pulp and bamboo fiber, which is conducive to improving the performance of the company. In 2014, the company will make full use of the 95 thousand ton project bicycle trial run and on-line test to achieve the scheduled use state. < /p >
< p > prior to that, Wang Yuping, Secretary General of China Chemical Fiber Industry Association, told the media that bio based fibers will be a bright spot in the chemical fiber industry in 2014. The state will focus on supporting development, with special financial support. The news is particularly timely for the transformation of Jilin chemical fiber. < /p >
Besides P, Xu Jianguo also revealed that the flame-retardant fiber developed by the company has entered the use period, and European customers are highly satisfied with it. Although it has not yet reached the stage of mass production, Xu Jianguo believes that as China's only company specializing in the export of flame-retardant filament to Europe, the product will have a good development after mass production in the future. < /p >
< p > optimization of financial situation has also been put on the agenda. < /p >
"P >" the company is also actively preparing for the 900 million yuan increase. After the increase is completed, 600 million yuan will be used to replace bank loans, and the remaining 300 million yuan will be used to supplement liquidity. This will effectively improve the existing financial situation of the company. " Xu Jianguo said. < /p >