First Half Loss Of Chinese Clothing In The First Half Of 12 Million

For the reasons for the loss in the first half of the year, Chinese clothing indicated that the main reasons were the rising price of raw and auxiliary materials, the rising labor costs, the appreciation of the renminbi and the changes in the fair value of the trading financial assets held by the company.

Gao Su Ying

Today, 000902.SZ announced the first half of its performance loss announcement. From January 1st to June 30th, the net profit attributable to the parent company was about 12 million yuan, while the performance loss was 5 million 560 thousand yuan in the same period last year. Therefore, the loss in the first half of this year increased by about 116% compared with the same period last year.

Chinese clothing is a textile and garment leading industry, which includes brand marketing, industry consultation, clothing, fabrics, printing and dyeing, cashmere and so on. It is headquartered in Beijing.

65 million shares of A shares were publicly issued in January 21, 1999 and listed on the Shenzhen stock exchange in April of the same year.

The total assets are 1 billion 200 million yuan and annual sales amount is 2 billion yuan.

For the reasons for the loss in the first half of the year, Chinese clothing indicated that the main reasons were the rising price of raw and auxiliary materials, the rising labor costs, the appreciation of the renminbi and the changes in the fair value of the trading financial assets held by the company.

Chinese clothing yesterday closed at 4.44 yuan, down 1.11%.