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By Qinghai Xiancheng Industry（ information quotation forum ）Qinghai White lipped Deer, a holding subsidiary of Co., Ltd（ information quotation forum ）Woolen Textile Co., Ltd. reported that due to the continuous rise in the price of textile raw materials, the cost of textile chemical fiber raw materials and the cost of terminal products increased, and the sales profit decreased, the situation of oversupply in the textile market became increasingly prominent, and the market competition became increasingly fierce, especially after the abolition of textile export quotas this year, the domestic market competition pressure increased, In addition, the macro-control policies on the scale of investment in the textile industry, the textile industry is facing a shortage of working capital, which has a greater impact on production and operation. Under the condition that Qinghai White Lipped Deer Wool Textile Co., Ltd. partially eliminated products in the early stage and limited production and stopped work (the matter of limited production and stopped work has been explained in the 2004 annual report of the company),
In order to avoid greater losses, it decided to stop the production of its textile products. The company will further adjust the product structure, increase the development of new products and do a good job in the detection and maintenance of production equipment, so as to make full preparations for the resumption of production.
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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