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Beijing'S Leather Market Is More Competitive.
< p > recently, the latest IPO pre disclosure list of the CSRC website shows that < a href= "//www.sjfzxm.com/news/index_c.asp" > Beijing Fu Tai leather base < /a > Limited by Share Ltd (hereinafter referred to as "Fu Tai leather base cloth") is going to be listed on the Shanghai Stock Exchange. The issue of new shares is expected to be 52 million shares, with a total share capital of 208 million shares after the issue, and the sponsor is Huaying securities limited liability company. The main business of the company is the R & D, production and sale of synthetic leather base material (leather base cloth). < /p >
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201406/25/20140625101722_sj.JPG "/" < > > "
< p > Fu Tai leather base said in its prospectus that the company is facing the risk of downgrading of the company's performance in the downstream production process of "a target=" _blank "href=" //www.sjfzxm.com/ ">" clothing /a ". According to the statistics of China plastic processing industry association leather synthetic leather Specialized Committee market demand for synthetic leather, since 2009, the downstream garment leather market has seen explosive growth in the market demand, and the annual average compound growth rate of garment leather consumption in 2009 to 2012 reached 40.36%. < /p >
< p > 2013, with the gradual increase of downstream a href= "//www.sjfzxm.com/news/index_c.asp" > garment leather industry < /a > production capacity, the competition of garment leather market is intensified, the degree of customer concentration of garment leather industry has been reduced, and the price and profit margins of garment leather products have been declining continuously. At the same time, due to the aggravation of competition and the tightening of capital market, some garment leather manufacturing enterprises are facing a gradual increase in operational risk. Changes in downstream industries have increased the company's revenue and difficulties in accounts receivable recovery, which may have adverse effects on the company's performance. < /p >
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201406/25/20140625101722_sj.JPG "/" < > > "
< p > Fu Tai leather base said in its prospectus that the company is facing the risk of downgrading of the company's performance in the downstream production process of "a target=" _blank "href=" //www.sjfzxm.com/ ">" clothing /a ". According to the statistics of China plastic processing industry association leather synthetic leather Specialized Committee market demand for synthetic leather, since 2009, the downstream garment leather market has seen explosive growth in the market demand, and the annual average compound growth rate of garment leather consumption in 2009 to 2012 reached 40.36%. < /p >
< p > 2013, with the gradual increase of downstream a href= "//www.sjfzxm.com/news/index_c.asp" > garment leather industry < /a > production capacity, the competition of garment leather market is intensified, the degree of customer concentration of garment leather industry has been reduced, and the price and profit margins of garment leather products have been declining continuously. At the same time, due to the aggravation of competition and the tightening of capital market, some garment leather manufacturing enterprises are facing a gradual increase in operational risk. Changes in downstream industries have increased the company's revenue and difficulties in accounts receivable recovery, which may have adverse effects on the company's performance. < /p >
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2014/6/25 9:06:00
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