Profitability Of Cotton Textile Enterprises Has Dropped Sharply And Asset Depreciation Is Serious.

Many cotton textile enterprises in the "severe winter" period have a sharp decline in profitability, and asset devaluation is serious. "Selling oneself" has become another way out for some enterprises to seek survival.

Even those with relatively good production and operation conditions, even if they have the idea to annex their peers, are also very selective when they choose their goals.

We have both the spinning department and the weaving department. The terminal products are mainly grey cloth, and we also need to purchase 300-500 tons of yarns a month under normal circumstances.

Now, in spite of the bad textile situation, we have found a suitable small spinning mill, which has been leased at a low price for two years.

It's cheaper to buy cotton yarn than to buy it. "

Relevant person in charge of a textile enterprise in Henan is introduced.

It is understood that the direct purchase of the small spinning mill is limited by funds and unable to raise large amounts of capital. On the other hand, it is also due to prudent consideration. Under the current circumstances, it is not appropriate to invest in large quantities of fixed assets in textile industry.

For the late textile market, the person in charge thinks that the possibility of improvement in the short term is not large enough to suppress the purchase price of the new cotton to a certain extent.