Luolai Home Textiles invested 10 million to purchase Zhejiang Bank's exclusive wealth management products in 2014

Luolai Home Textiles

[Announcement]

Announced on September 3, 2014, the company invested RMB 100 million on September 1, 2014, and purchased the “Zheshang Bank's 2014 Exclusive Financial Management No. 183” bank wealth management products from Zheshang Bank Nantong Branch. The estimated return on investment is expected. It is 5.6%/year, and the deadline is September 1, 2014 - December 25, 2014.

[Announcement Review]

Luolai Home Textiles is a leading company in the domestic textile industry and a leading enterprise in domestic bedding. As of now, the company's financial position is relatively good, and operating cash flow has improved significantly compared with the same period last year. In the first half of 2014, the company achieved steady revenue growth and continued profitability. In the first half of the year, it achieved revenue of 1.112 billion yuan and net profit of 157 million yuan, a year-on-year increase of 3.17%/14.78%. The purchase of wealth management products is carried out on the premise of ensuring the company's daily operations and capital security. Through moderately low-risk wealth management, it can improve the efficiency of capital use and obtain certain investment benefits, which is conducive to further improving the overall performance of the company.

[Institutional rating in the past two months]

Increase holdings (Guojin Securities, Dongguan Securities, BOC International)

Buy (Northeast Securities, Changjiang Securities)

[Technology]

The stock is obviously weaker than the broader market in recent days, the trading volume is relatively low, the short-term and medium-term moving averages are in a bonding trend, and the short-term support is 19.68 yuan.

Editor in charge: Guangdong Home Textiles Network

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