In The First 9 Months Of 2012, The Sales Volume Of Tianhong Textile Yarn Rebounded To 179 Thousand Tons.

The world's largest core cotton has no bright future in the industry.

Tianhong textile (02678.HK), one of the suppliers, took the lead in getting out of the haze.

Tianhong textile yesterday issued a positive earnings warning. The profit for the 9 months ended September 30, 2012 has increased substantially compared with the same period last year.

However, the industry believes that the industry outlook is still uncertain.

In the first 9 months of this year, the group sold 179 thousand tons.

Over 134 thousand tonnes of yarn sold in the same period of 2011 increased by 30% over the same period last year.

Wang Jie, editor in chief of the first textile net, who is not optimistic about the prospects of textile industry this year, said that "Tianhong textile" is an exception. On the one hand, because it is the leader of the industry, its scale is large and its foundation is good, it can be supported; on the other hand, the main production base of enterprises in Vietnam has greatly strengthened competitiveness and reduced the risks they are facing.

Tianhong textile currently has 12 production bases in Xuzhou, Taizhou, Nantong and Zhejiang in Jiangsu, and has established production bases in Vietnam and other places.

Moreover, the northern Vietnam project started smoothly in July 2012, which is conducive to the recovery of profitability and the scale of phase I project will be increased to 170 thousand spindles.

At the same time, reporters learned that in Guangdong and Jiangsu, some textile enterprises have bid farewell to the previous "low start up" or even "zero start" tragedy, nearly two or three months of overseas orders have obviously increased.

In response, an institutional researcher told reporters: "in the past two months, most textile mills actually started to pick up.

The arrival of the peak season of overseas traditional consumption is the main reason for the pick-up rate of textile mills.

However, this phenomenon may be a flash in the pan. "

Because

(19570115.00,0.59%) prices are affected by the dramatic changes in the global economic and financial markets, coupled with the restriction of cotton import policy, the domestic textile enterprises are currently operating unsteadily.

Wang Qian told reporters that the textile industry will continue to be gloomy, and most of the textile enterprises are losing money, because of the scale constraints, especially the small and medium-sized enterprises in this adjustment is very difficult.