Wei Qiao Textile: This Year'S Capital Expenditure Is Not More Than 200 Million Dollars.

Wei Qiao textile

Wang Donghua, director of investor relations, told reporters at the performance press conference that the company's capital expenditure this year was not more than $200 million, compared to 145 million yuan in 09 years.

This year's capital expenditure will mainly be put on the technological upgrading of textile business.

Zhang Hongxia, chairman and executive director, said the company's profit margin is expected to increase this year.

First quarter

The number of orders is similar to that in the fourth quarter of last year, and the company now has orders for the next two months.

She added that the cost of cotton increased by more than 30% in the second half of last year, and that the company would adjust its selling price to meet the cost increase.

In addition, Wang Donghua pointed out that the company had imported 30-40% cotton from abroad last year, and the company was more likely to get more discount when importing cotton, and the price was lower than that of the mainland cotton, so the company was confident that it could deal with the problem of rising cost.

Sales volume

45% of the total, he expects sales of high-end products to rise by 2-3 percentage points this year.

In addition, the sales volume of domestic and external sales was 65% and 35% respectively last year.

He expects that the demand for the outer ring market will increase by 4-5% this year, so the company hopes to increase the proportion of export business this year.