Polaroid Project Dragged Deep Textile Last Year Net Loss Of 96 Million 150 Thousand Yuan

< < p > > a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > the 2012 annual performance Bulletin released last night showed that the company achieved a total operating income of 846 million yuan in 2012, an increase of 18.74% over the same period last year. The a href= "http:// www.sjfzxm.com/news/index_cj.asp" attributable to shareholders of listed companies, net profit < /a > was 96 million 150 thousand yuan, while the net profit for the same period last year was 48 million 920 thousand yuan. < /p >
The reason for the loss is mainly due to the fact that the first phase of the project of deep textile TFT-LCD is in a ramp up period, requiring equipment to run continuously for a long time to consider the stability of the equipment and products, and constantly improve and optimize the process according to the product situation and customer needs, resulting in a significant increase in the cost of raw materials and R & D fees and so on compared with the previous year, resulting in a significant increase in the cost. However, the customer certification cycle and the rate of improvement in the products need a certain time. Therefore, the first phase of the project is mass production and the < a href= "//www.sjfzxm.com/news/index_s.asp" > Sales < /a "will be later than the above climbing period cost formation, leading to a loss in the first phase of the project's climbing period. < p > < /p >
< p > deep textile said that active measures have been taken to control costs, increase product orders, strengthen staff training, improve the skilled operation level of employees, improve the rate of good products, and try to reduce losses during the climbing period of projects. < /p >
< p > 2 days ago, Shenzhen textile announced that the company's non-public offering of A shares was approved by the China Securities Regulatory Commission in January 7th, and approved that the Shenzhen textile non-public offering would not exceed 170 million new shares. < /p >
< p > this deep textile will be used for the two phase project of TFT-LCD polarizer, which is wholly owned subsidiary of Shenzhen Shengbo Photoelectric Technology Co., Ltd. After the completion of the project, the production capacity of TFT-LCD will be increased by 12 million 800 thousand square meters / year. The estimated annual sales revenue will be 2 billion 681 million yuan and 378 million yuan per year, with an average annual net profit of 205 million yuan. < /p >
< p > at present, the main business of Shenzhen textile industry consists of three parts. The first is the high-tech industries represented by LCD with Polaroid. The second is the textile and garment industry represented by overseas garment processing and high-grade seamless underwear. The third is the property leasing industry, which is located in the deep spinning building of Shenzhen Huaqiang North business district. < /p >
< p > however, from the first half of 2012, trade and polarizing film revenues have already occupied the bulk of the company's main business income, while the proportion of pure textile revenue has been less than 6%. < /p >
< p > < strong > link: < /strong > < /p >.
< p > < strong > Shenzhen textile (Group) Limited by Share Ltd 2012 annual performance bulletin < /strong > < /p >
< p > all members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the information disclosure. There is no false record, misleading statement or major omission. < /p >
< p > special note: the financial data contained in this announcement in 2012 is only the initial accounting data. Without accounting firms auditing, there may be discrepancy with the final data disclosed in the annual report. Investors should be aware of the risk of investment. < /p >
< p > major financial data and indicators < /p > 2012.
< p > unit: 10000 yuan < /p >.
< p > two, operating performance and financial situation, < /p >
The net profit for the same period last year was 48 million 920 thousand yuan. The main reason for the loss is that the company TFT-LCD is using the polarizer phase 1 project to climb up the slope. It requires the equipment to run continuously for a long time to consider the stability of the equipment and products, and constantly improve and optimize the process according to the product situation and customer needs, resulting in a significant increase in the cost of raw materials and R & D fees and so on compared with the previous year. This leads to a significant increase in the cost. However, the customer certification cycle and the improvement rate of the product need a certain amount of time. Therefore, the formation and sale of the first phase of the project will be later than the formation of the cost during the above climbing period, resulting in a loss in the first phase of the project. This is also a common feature of the TFT-LCD polarizer industry. < p > 2012, the net profit of the company is expected to be 96 million 150 thousand yuan. The company has taken active measures to control costs, increase product orders, strengthen staff training, improve the skilled operation level of employees, improve the rate of good products, and try to reduce the loss during project climbing. {page_break} < /p >
< p > three, and the difference between the expected performance and the previous performance is < /p >.
< p > the company's quarterly net profit in the third quarter of 2012 is expected to be 100 million yuan to 90 million yuan in the 2012 year, which is not the same as this forecast. < /p >
< p > four, other explanatory notes < /p >
< p > according to the notice of relevant departments, it is requested that the company provide the main financial data bulletin for 2012, follow the principle of fair information disclosure, and announce the company's 2012 annual performance bulletin. < /p >
< p > five, reference document < /p >
< p > "Shenzhen municipal enterprises main financial indicators quick statement" < /p >
< p > announcement. < /p >
< p > Shenzhen textile (Group) Limited by Share Ltd < /p >
< p > board of directors < /p >
< p > 213 January 10th, < /p >.