Meng Jie Home Textile Revenue Rose Slightly.

Meng Jie home textile released a quarterly report in 2016, during the reporting period, the company achieved revenue of 267 million yuan, an increase of 2.05% over the same period; the net profit attributable to shareholders of listed companies was 32 million 532 thousand and 100 yuan, an increase of 1.81% over the same period last year.

Statistics show that in the first quarter, the overall growth rate of the home textile market slowed down.

Fuanna's operating income dropped 6.78% compared to the same period last year, net profit attributable to a decrease of 12.38% compared with the same period last year. The living income of Luo Lai increased by 8.14% compared to the same period last year, and net profit attributable to a decrease of 6.34% compared to the same period last year.

The announcement shows that at present, there are 3000 home textiles in China.

It constitutes the most extensive offline sales network in the industry.

The company also actively layout new channels such as Internet and mobile Internet.

Will continue to line up and offline, and promote the company's O2O

Transformation.

In February this year, the company issued a preplan for the non-public offering of shares. It intends to raise no more than 1 billion 114 million yuan at the price of not less than 7.39 yuan / share, and will focus on the construction of intelligent factories and O2O marketing platforms.

In addition, the company around the "Internet +CPSD" strategy, Meng Jie home textile 2016 does not rule out the implementation of the 1-2 acquisitions, to provide customers with the ultimate product and service platform, and further enhance customer experience and stickiness.

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Recently, there has been a hurricane in the commodity market, especially the black craze soaring, attracting the market's attention.

In fact, in this round of rising prices, the frenzied degree of cotton can not be underestimated.

Since April 8th, cotton futures have risen by more than 30%.

With the rising trend of cotton prices, cotton is also sought after by market funds.

Just last week, the volume of cotton futures traded on the Zhengzhou Mercantile Exchange was equivalent to 41 million packs in the world, reaching the highest level in more than five years.

Liu Qiannan, a cotton analyst at Galaxy futures in Beijing, thinks cotton futures are so hot that the record low prices in February and March stimulated the interest of buying and selling inside and outside the industry. At the same time, it also led to speculation in the market. At the same time, the popularity of domestic investment in steel and iron ore market and the popularity of domestic steel and iron ore market led to the rapid pformation of the popularity of the cotton market from bear to cattle.

Mei Yong analysis, general manager of China cotton information network, said that the recent surge in cotton prices is actually due to the fact that many people are turning short.

The Bulls actually have some basic support. First, the spot margin of the domestic cotton market is less and less.

Up to April 20th, there were only about 700000 tons of cotton in the warehouse. Such a large amount of inventory digestion would have a huge impact on the market.

In addition, March is the traditional peak season for textile production. After the Spring Festival, the price of cotton is going downward. In fact, the price of cotton has narrowed to 1000. The original price is 5000. Now it is 1000, so the competitiveness of textile is still very strong, which constitutes a support to the fundamentals.

The other is that the bargaining power of textile downstream is strengthening.

Finally, there is a change in policy on the basic level. The reserve cotton liner has been postponed to May 3rd, which is actually delayed by about a month than the expectation of that time.

Since April 23rd, cotton has been trading up to the highest level in September, and the contract has been gradually going down. In recent days, Zheng cotton is in a downward trend overall.

Gao Xin, a cotton researcher and agricultural product analyst at new lake futures, said he had little change in fundamentals at the end of March and the beginning of April (that is, before the market started).

He said that the surge of cotton market is mainly driven by speculative capital. From the perspective of many ways, it should be from outside funds, such as stocks and bonds, rather than due to the improvement of downstream consumption.

He believes that the short-term market supply of goods is relatively insufficient before the fund is tossed and sold, plus the protection before the holiday, when the time is bad, the price return to the fundamentals is expected.

Whether the downward trend is in the form of a pullback or a continuous rise? Mei said that the pressure of rising again is relatively large. She said that the first round of the leading role has already retreated, and that the investors are coming in from behind. The characteristics of the funds are that the wind runs more. Therefore, she thinks there is a pressure from the structure to go up again.

She believes that after this round of cotton rise, it will gradually tend to a relatively dull state, the relative reasonable estimate of this state is between ten thousand and twelve thousand, or between eleven thousand and twelve thousand accurately.

After a big rise, there must be a big drop. It is difficult to predict the specific price.

Gao Guo Ying also said that in May 3rd, the reserve cotton began to compete, the willingness of traders to hoard goods would be further reduced, and cotton prices would still face downside risks.

He predicted that cotton price will return to 12000, which is likely to reach 15000 yuan / ton in the second half year (that is, the new year).

Recently, the rapid rise of commodities has aroused the concern of regulators. In view of the recent abnormal rise of domestic cotton futures prices, the national development and Reform Commission convened an urgent meeting of relevant departments in the afternoon of April 20th. Judging from the recent trend, the trend of price rise has not been suppressed by policies, but some analysts expect that there will be other policies in the market.

The analyst said that the rapid rise of cotton led to a lot of discussions in the spot market, and policy pressure increased or led to a certain degree of adjustment in cotton prices.

But from a fundamental perspective, there are signs of recovery in the lower reaches, and this year's domestic cotton production is obvious, and the market outlook is still more optimistic.