这与上年同期实现1.5亿元的净利润相差甚远，而造成这种差距的原因就出在房地产业务上

This and the same period last year reached 150 million yuan net profit of the far，And the reason caused the gap in the real estate business out

　　7月9日晚间，维科精华(600152,股吧)公布2012年上半年业绩预亏公告。公告称，经公司财务部门初步测算，预计2012年1-6月归属于上市公司股东的净利润为-3000万元至-4000万元之间。

July 9 evening，Group-based operations(600152,Shares it)Published in 2012, the first half performance the kui announcement。Announcement to say to，Preliminary estimates by the finance department of the company，In 2012 is expected to 1-June relegated to the shareholders of a listed company net profit of 30 million yuan for-to-40 million yuan between。

　　公司表示，亏损原因是上年同期公司开发两块房产项目收入和拍卖厂房、土地使用权使上年同期利润提高。但是，这两笔只是一次性的买卖并无持续经营的可能性。

The company said，The reason is the same period of losses developed two pieces of real estate project income and auction workshop、The land use right to the same period last year profit increase。but，The two pen was just a one-off the buying and selling of the continued operation and no possibility。

　　而维科精华表示的“本期公司纺织主业，处于亏损状态。”恐怕才是业绩预亏的真正原因。

And the group-based operations, said“This company textile industry，In the red state。”I'm afraid is the real reason for the performance deficit。

业绩预亏4000万元 Results the kui 40 million yuan

　　昨日晚间，维科精华公布2012年上半年业绩预亏公告称，经公司财务部门初步测算，预计2012年1-6月归属于上市公司股东的净利润为-3000万元至-4000万元之间。这与上年同期实现1.5亿元的净利润相差甚远。而造成这种差距的原因就出在房地产业务上。

Yesterday evening，Group-based operations in the first half of 2012 gets published performance deficit announcement to say，Preliminary estimates by the finance department of the company，In 2012 is expected to 1-June relegated to the shareholders of a listed company net profit of 30 million yuan for-to-40 million yuan between。This and the same period last year reached 150 million yuan net profit of the far。And the reason caused the gap in the real estate business out。

　　据2011年年报显示，维科精华2011年营收46.55亿元，归属于母公司所有者净利润9442万元，扣除非经常性损益后净利润5668.78万元，基本每股收益0.3217元，每股净资产3.139元，加权净资产收益率10.57%；拟10派0.6元(含税)。

According to the 2011 report shows，Group-based operations in 2011 revenue of 4.655 billion yuan，Relegated to the parent company owner net profit of 94.42 million yuan，The profits and losses of the net profit after deducting the regular 56.6878 million yuan，Basic earnings per share of 0.3217 yuan，Net worth $3.139 per share，Weighted net assets yield 10.57%；10 sent to 0.6 yuan(tax)。

　　其实，身兼纺织业务和房地产业务的维科精华之所在2011年实现9442万元的净利润全是托了房地产的福。

In fact，Body and textile business and real estate business in 2011 years of group-based operations reached 94.42 million yuan net profit of all is the real estate's blessing。

　　2011年，由于维科精华下属房地产公司(控股51%)开发的房屋集中交付，公司房地产收入增加3.99亿元，增加营业毛利3.90亿元，导致营业利润大增119.73%。由此可见，房地产收入的高增长和毛利率的大幅提升(增加22.99个百分点)是公司业绩高增长的主因。

2011 years，Because the real estate company subordinate group-based operations(Holding 51%)The houses of development on delivery，The company's real estate income increase of 399 million yuan，Operating margin increased 390 million yuan，Lead to business profits by 119.73%。This shows，Real estate income growth and margin increased greatly(22.99% increase)Is the main reason of the growth performance of the company。

　　相反的是，维科精华的另一大主营纺织业务却是贡献较小。受成本上涨、终端需求下降、行业竞争激烈等因素的影响，公司纺织业务表现比较平淡，全年实现营收33.52亿元，同比增长13.97%；由于毛利率减少1.01个百分点至6.8%，纺织业务对营业利润的贡献较小。

The opposite is，The essence of the jarvik another big core textile business is small contribution。By rising costs、Terminal demand falling、Industry competitive factors，The company textile business was more common，Annual achieve revenue of 3.352 billion yuan，Year-on-year growth of 13.97%；Gross margin due to reduce 1.01% to 6.8%，Textile business operating profit contribution to the small。

　　但是，维科精华的房地产业务似乎是一锤子买卖，到了2012年，便悄无声息了。

but，The essence of the real estate business jarvik seems to be a hammer business，By 2012，And quiet the。

房地产业务缩水近11亿 Real estate business shrink nearly 1.1 billion

　　其实，从今年一季度维科精华净利润亏损1788.16万元就可以预测到中期的业绩了。

In fact，From the first quarter of this year group-based operations $17.8816 million net profit loss can predict to middle performance。

　　一季报显示，维科精华2012年1—3月份归属于上市公司股东的净利润亏损1788.16万元，比上年同期减少113.47%。营业利润亏损1791.43万元，比上年同期减少105.33万元。

A quarterly reports show，Group-based operations in March 2012-1 attributable to the shareholders of a listed company of the net profit loss 17.8816 million yuan，113.47% less than the same period last year。Operating profit loss 17.9143 million yuan，Than the same period last year to reduce 1.0533 million yuan。

　　对于亏损的原因，维科精华解释称，主要系上年同期公司下属房产公司实现营业利润3.36亿元，而本期仅实现491万元；纺织主营收入毛利率同比下降2.53%，上述两方面因素导致营业利润大幅下降。

The reason for the loss，Explain says group-based operations，Main is the same period last year the company subordinate house property to achieve the company operating profit of 336 million yuan，And this period reached 4.91 million yuan only；Textile mainly gross margin income 2.53% year-on-year drop，The above two factors lead to operating profit dropped substantially。

　　此外，今年一季度，维科精华的营业总收入也从上年的17.20亿元减少至6.1亿元，降幅达64.52%。公司称，主要系上年同期公司实现约11亿元房产收入所致，而本期仅实现房产收入约2163万元。

In addition，In the first quarter of this year，The essence of the jarvik total business income of 1.72 billion yuan from the previous year and reduce to 610 million yuan，Drop of 64.52%。The company said，In the same period last year to achieve the company mainly caused by about 1.1 billion yuan house property income，But this only realize the house property income of about 21.63 million yuan。

　　同样，维科精华在解释中报预亏的原因时也提到了“上年同期公司下属房产公司开发的"水岸枫情"和"城市桃源"两块房产项目持续进行交付，2011年1-6月实现营业收入约11.46亿元，产生归属于上市公司的税后净利润约1.34亿元。”

The same，Group-based operations in advance the cause of the reported a deficit explanation also mentioned“The same period last year the company subordinate property company"Waterfront maple feeling"and"Taoyuan city"Two pieces of real estate project continuous delivery，2011 June-1 realize business income of about 1.146 billion yuan，Produce attributable to the listed company's after-tax net profit of about 134 million yuan。”

　　但可惜的是，公司的房地产似乎难以为继。据此前维科精华公告表示，公司现有房地产项目已开发完，因目前没有其他储备，公司房地产业务缺乏持续性。同时，公司表示要加强投资盈利和纺织业务，但目前来看，似乎并不顺利。

But it's a pity，The company's real estate seems to be carried on。According to a federal dogfighting conspiracy charge after essence announcement said，The company existing real estate project has been exploited，For there is no other reserves，The company's real estate business lack of continuity。At the same time，The company said it will strengthen the investment profits and textile business，But so far，Seems to be not smooth。