2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang, Chen Kaifeng and Jian Qi. < p > < p > recently, people hope that cloth art has been successfully held, with a price of 25.75 yuan / share, which will be landed on A-share at the end of August. According to the prospectus, Zhongwang mainly engaged in the R & D, design, production and sales of medium and high-grade decorative fabrics and products, and the main products are decorative fabrics and sofa covers. < p > < p > Zhongwang fabric is a typical overseas business enterprise. The company’s products are mainly exported to the United States, Vietnam, Mexico and other countries. In 2019, the company earned 386 million yuan overseas and 98 million yuan in mainland China, accounting for 79.02% and 19.97% respectively, compared with 75.05% and 23.72% in 2018. However, with the aggravation of trade friction between China and the United States and the outbreak of overseas epidemic, the performance of Zhongwang cloth art is inevitably affected. According to the prospectus, the business income of the first half of 2020 is 176 million yuan to 192 million yuan, which is 14.51% – 6.73% lower than that of the same period last year, mainly due to the decline of raw material purchase price, the appreciation of the exchange rate between us dollar and RMB, and the product sales structure Due to the comprehensive influence of the changes and other factors, the company forecasts that the net profit attributable to the parent company in the first half of the year will be 47.3 million to 51.6 million yuan, an increase of 21.02% – 32.02% compared with the same period of last year. The company’s revenue deviates from the net profit of the parent company. The company did not explain the relevant reasons. < / P > < p > in addition, it is also worrying that the price of fabric products has fallen. According to wind data, from 2017 to 2019, the company’s decorative fabrics contributed 307 million yuan, 322 million yuan and 432 million yuan respectively, and sofa covers contributed revenue of 50 million yuan, 78 million yuan and 47 million yuan respectively, and the sofa cover has appeared the trend of “not selling”. According to the prospectus, the export prices of sofa covers in January to September 2018, the fourth quarter of 2018 and 2019 are 291.5 yuan, 299.23 yuan and 282.11 yuan respectively, and the prices in 2019 will decline; from 2017 to 2019, the average selling unit prices of decorative fabrics are 25.34 yuan, 24.52 yuan and 23.3 yuan respectively, and the average selling unit prices of sofa covers are 309.5 yuan, 293.5 yuan and 282.11 yuan respectively, and the prices of the two trump brands have declined continuously, Competitiveness and profitability are not as good as they used to be.