YOUNGOR'S Own Cotton Field Has No Fear Of Soaring Cotton Prices.

According to the financial network quoted by the staff, the higher cost of raw materials will have some impact on the company's profits, but the impact is not big.

The company owns its own cotton field in Xinjiang, and produces the top Xinjiang long staple cotton, that is, Xin Hao cotton, which supplies about 95% of the total demand, and the remaining 5% of the demand is imported.

The company did not plan to raise sales price because of the rising price of raw materials.

In this regard, Dr. Li Guoxiang, a Research Institute of rural development of the Chinese Academy of Social Sciences, said that textile and clothing enterprises own their own cotton fields to ensure the quality and supply of raw materials, and to stabilize prices and increase profits.

Accordingly, the complexity of industrial chain management is also increased.

If we have a scientific and effective management mode, it will bring a lot of profits to the enterprises. On the contrary, investment and return are disproportionate.