The Market Is Weak, And The Textile Industry Is Booming.

In the cause of the company's substantial reduction in performance expectations, the industry's boom has been on the decline.

Taking the chemical fiber industry with excellent scenery last year as an example, this year, the industry suddenly encountered a cold spell. The rapid decline in its performance made the company unable to catch up.

Australia Ocean Technology (002172) is such a typical company.

Since 2008, with the outbreak of the subprime mortgage crisis in the United States, the growth rate of China's textile exports has been declining.

According to customs statistics, although China's textile and clothing exports increased by 15.4% over the first 5 months of this year, exports increased by only 9.7% in May, and the growth rate of textile exports showed a sharp downward trend.

In 2007, the viscose staple fiber industry expanded significantly and brought about the inertia release of new capacity, and the current export and domestic demand were very weak. Therefore, the effectiveness of viscose staple fiber industry declined rapidly, and the price continued to slide from the high level of 22 thousand yuan / ton in the beginning of the year to 16 thousand yuan / ton at the end of June, with a total decrease of 27%.

The company said that the speed and magnitude of the decline were larger than those of the company.

In addition, the company also expects that sulfuric acid, carbon disulfide and other chemical excipients and coal prices will rise sharply, will continue to adversely affect the company's future benefits.

Not only is the chemical fiber industry, Luoping zinc electric (002114) originally expected net profit in the first half of the previous year decreased by 50%-80%, but later it is expected to lose 3 million -800 million in the first half.

This is also because since the two quarter of this year, the domestic market prices of lead-zinc products have continued to decline, which has dropped from 17 thousand and 400 yuan / ton in early April to 13 thousand and 300 yuan / ton at the lowest point, and the decline has reached 23.5%, leading to a sharp decline in the gross profit margin of the main products of the company.