The demand in domestic cotton market is flourishing, in last year, the import volume is totally 4 million tons, but the persons-in-charge of enterprises haven t felt that there are many opportunities for making money. The competition is too severe, and market is too chaotic. A material from Hubei Cotton Association has shown that the number of ginners in Hubei Province that have obtained the qualified business licenses are about 1,112 enterprises, the ginners without business licenses are also many, so the processing ability is much more than the raw material supplying ability.
It is learnt, in last year, only 10% of ginners can make profit, 70%-80% of ginners have all economic loss. The largest ginner in Hubei Yinfeng Cotton Company, Mr. Zhang Weiping-- the BOD chairman of this company has introduced that the profit rate of the company in last year is only 2%-3%.
It is learnt, in last year, only 10% of ginners can make profit, 70%-80% of ginners have all economic loss. The largest ginner in Hubei Yinfeng Cotton Company, Mr. Zhang Weiping-- the BOD chairman of this company has introduced that the profit rate of the company in last year is only 2%-3%.
