Shanghai Sanmao Realized Net Profit Of About 41 Million 555 Thousand And 400 Yuan In The Two Quarter Of 2013.

< p > by the weakening of domestic and foreign market demand, the performance of the wool textile listed companies in the first half of 2013 was generally bleak.

However, Shanghai Sanmao (600689.SH) turned against the situation and lost a profit of about 2 million 450 thousand yuan in the first half after losing 39 million yuan in the first quarter.

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< p > July 29th evening, Shanghai San Mao issued a performance notice that it expects the company's net profit attributable to shareholders of Listed Companies in the first half of the year is about 2 million 450 thousand yuan, down 74% compared to the same period last year.

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< p > for the reasons for the sharp decline in performance, Shanghai San Mao explained that it was mainly affected by the market and Shanghai San Mao import and Export Co., Ltd., "the United States shuttle case".

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< p > it is noteworthy that since Shanghai's San Mao subordinate subsidiary of Shanghai three wool import and Export Co., Ltd. has been in February 6, 2013, three large customer accounts receivable in Japan have been overdue, and suppliers such as "a" target= "_blank" href= "//www.sjfzxm.com/" > textile "/a" Products Co., Ltd. suspected of criminal offences, etc., resulting in the company's first quarter net profit attributable to listed companies -3910.54 million yuan, down 10119.46% compared to the same period, of which assets impairment losses amounted to 37 million 138 thousand and 600 yuan.

According to this calculation, Shanghai achieved net profit of about 41 million 555 thousand and 400 yuan in the 32 Fen quarter, an increase of 348% over the same period last year.

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< p > "in the first half of 2013, under the downward influence of the macroeconomic situation, the demand of the domestic and international wool textile industry continues to languish, and the market competition is becoming increasingly fierce, the situation of the wool textile industry is not optimistic."

A long-term concern for investors in Shanghai Sanmao said that in the face of serious difficulties, it is not easy for the company to turn around the huge losses in the first quarter.

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For example, Sanmao, P, whose main business is worsted worsted fabric, issued a performance notice in July 12th, claiming that the company lost 12 million yuan to 15 million yuan in the first half of the year, with a loss of 6 million 458 thousand and 800 yuan in the first quarter.

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< p > data show that the main business of Sanmao in Shanghai is the production of wool top, wool yarn, textiles and < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a >.

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< p > July 29th, the Shanghai San Mao newspaper was 5.74 yuan, down 1.03%.

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