Shanghai Textile Group: Through Mergers And Acquisitions To Achieve Mixed Reform

Tong Jisheng, chairman of Shanghai textile (Group) Co., Ltd., 16, revealed that Shanghai Textile Group will be listed as an important target in the future.

He also said that through mergers and acquisitions at home and abroad to achieve the pformation of mixed ownership, it is also a path chosen by the group.

He said that from Shenwu and Shenzhou 6 to "Shenzhou nine", the Shenzhou series manned space flight mission has the contribution of the textile group, meanwhile, Shanghai.

We also actively participated in the research and development of garment fabrics for aircraft carriers.

Tong Jisheng is taking part in CO sponsored by the Xinhua News Agency Shanghai branch and the Shanghai SASAC Party committee, and Shanghai agricultural and commercial bank supports the "reform, innovation and Party building" dialogue.

The leaders of state-owned enterprises made the above remarks when interviewed.

It is understood that Shanghai Textile Group is one of the largest enterprise groups in China's textile industry. Its registered capital is 14 billion 100 million yuan, its total assets are 25 billion 300 million yuan, its net assets are 10 billion 400 million yuan, its employees are 15 thousand, and its enterprises belong to 191, including Shenda's shares and leading stock 2 listed companies.

In 2013, the group achieved operating income of 43 billion 300 million yuan, total profit of 800 million yuan, and import and export of 5 billion 100 million dollars.

Related links:

It is understood that the textile industry in the first three quarters of industrial added value increased by 7.2%, lower than the national level of economic growth 7.4%.

Sun Ruizhe, vice president of the China Textile Industry Federation, said at the 2014 China Textile Innovation annual conference that compared with other industries, the profit rate of the garment industry was not the lowest, but the industrial value added continued to fall. In his view, there are two reasons:

First of all, the "cotton disaster", raw material prices continue downward, let the textile industry added value decline.

Since the implementation of the cotton direct subsidy policy this year, cotton prices have been falling all the way, which makes cotton textile enterprises both happy and sad. The cotton price is finally determined by the market, and the free purchase space is larger.

Secondly, clothing online sales is another reason.

Sun Ruizhe expresses, although network sale brings a kind of new consumption hope to the society, but also should see its cruelty.

Since the beginning of this year, the clothing business has made brilliant achievements.

The e-commerce turnover of apparel textile products increased by 39.2% in the first half of this year, 6.4 percentage points higher than that in the same period of Commerce, and the share of online sales of textile and garment industry was more than 20%.

Sun Ruizhe believes that this figure will further improve this year.

Sun Ruizhe believes that the electricity supplier for most textile and garment enterprises is more of a pressure, or even a kind of ecological damage.

Reputation, price squeeze and other injuries can not be measured by exact figures.

"For the current downward trend of our industrial added value, it is a culprit."

In 2013, the number of online shopping users exceeded 300 million, the annual retail sales of the total retail sales of social consumer goods were close to 7.8%, while the proportion of online shopping in the world was the highest in the UK, and now it is close to 10%.

"But I believe it is possible that the proportion of China will surpass that of the UK this year. The proportion of online sales will exceed 10% this year.

From 1 to October this year, the share of China's textile and clothing import market in the US, Russia and Japan decreased by 0.9, 0.6 and 3.8 percentage points respectively.

Wang Tiankai, President of China Textile Industry Federation, believes that this indicates that the cost pressure of manufacturing industry in China is increasing.

In this regard, Sun Ruizhe said that in addition to the pursuit of low cost, international procurement should also seek risk stability, and social and political stability must also be considered and must not be neglected in procurement.

Therefore, China is still the first choice for global sourcing, not only because of China's industry supporting advantages, but also because of the stability of China's political situation.

Therefore, even though some Chinese brands are controversial in western society and media, Sun Ruizhe is confident of the export of Chinese textile enterprises.

"In 10 to 20 years, China is still their preferred place of purchase."