Printing and dyeing listed companies Annual report to see who had a taste

Recently, the annual reports of listed companies have been released in 2016, and the successes and failures of many printing and dyeing companies throughout the year have surfaced. Last year, the printing and dyeing industry was surging. Environmental supervision, forced closure, and pollution penalty became the norm in the industry. To this end, major printing and dyeing companies give full play to their own brands, patents, technological innovation, environmental protection and cost control, and strive to increase market share and maintain profitability at a high level. After one year of hard work, what exactly happened? Let the annual report give the answer.

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Zhejiang Hangmin Co., Ltd.

Dyeing production and sales booming profits steadily increased

Air China’s shares last year had a “flavor”. The company’s annual report stated that operating revenue for the entire year of 2016 was 3.191 billion yuan, an increase of 5.38% year-on-year; net profit attributable to shareholders of the parent company was 543 million yuan, a year-on-year increase of 12.07%. Last year, the company produced 949.50 million meters of dyed cloth, an increase of 8.21% year-on-year; sales of 949.9 million meters, an increase of 8.11% year-on-year, the company has a production capacity of 1.02 billion meters, and capacity utilization of 93%.

It is worth noting that the company achieved a net profit of 186 million yuan in the fourth quarter of last year, an increase of 27.23% year-on-year, slightly faster than expected growth in the fourth quarter. “After the G20 rebalancing, the industry concentration has increased to a certain extent, which is positive for the industry's leading companies.” Airline Shares said that due to this, it will lead to capacity reduction and increased demand concentration after the G20, which will increase the stacking cost. Therefore, the dyeing fees in the industry also increased in the fourth quarter of 2016, which increased the company’s fourth quarter profit.

In addition, it is understood that in the last year, Hangmin shares acquired a 20% stake in Hangmin Thermoelectricity, and support its completion of the comprehensive upgrade and transformation of two clean gas transformation projects. Hangmin said that the move will help the company to better use the synergies of the printing, dyeing, and thermoelectric industries, and at the same time, it will also increase its profits.

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Zhejiang Xinao Textile Co., Ltd.

Eliminating old equipment and focusing on energy conservation and environmental protection

After years of development, Xinao Co., Ltd. has achieved the integration of wool strip making, modification processing, spinning, dyeing, and finishing. The various businesses have also achieved a synergistic effect, greatly improving production and management efficiency, and effectively reducing Cost. During the reporting period, Xinao Textile achieved an operating income of 1.834 billion yuan, a year-on-year increase of 13.20%; in 2016, its net profit attributable to listed shareholders was 159.1 million yuan, an increase of 20.49% over the previous year. As of December 31, 2016, the company's total assets were 1.616 billion yuan, an increase of 16.17% from the beginning of the year.

“In 2016, the company reviewed the current market situation and launched an initial investment of 15,000 tons of eco-wool dyeing and relocation project annually.” Xinao stated that this project is to meet the needs of more high-end brand customers and respond to the government's printing and dyeing The planning for the improvement of the industry was implemented and the multiple improvements in the economic, ecological, and social benefits of the company were implemented. The project has eliminated the old equipment with high energy consumption, relocated some of the equipment that is in good condition to the existing projects of the technical transformation, introduced the international advanced small bath dyeing machine, used the technology of low water energy saving technology, and purchased advanced printing and dyeing at home and abroad. Grouped equipment.

It is understood that the project is expected to have a construction period of 3 years, and after the completion of the project, it will have a production capacity of 15,000 tons of dyeing and overall ecological hair. As of the end of the reporting period, the project was progressing in an orderly manner in accordance with the plan. The first phase of the project has entered the phase of inspection and acceptance and infrastructure construction. The second phase of the project has also started construction. The procurement and installation of the electromechanical equipment involved in the project are also in progress.

Zhejiang Furun Co., Ltd.

Maintaining steady development, focusing on research and development of new products

As an old printing and dyeing company, Zhejiang Furun steadily moved forward last year. Recently, the company released its annual report. From January to December 2016, it achieved operating income of 879 million yuan, a year-on-year increase of 9.28%. The average growth rate of operating revenue of the textile manufacturing industry was 7.34%; the net profit attributable to shareholders of listed companies was 101 million yuan, The growth rate was 321.5%. The average net profit growth rate of the textile manufacturing industry was 20.87%.

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Zhejiang Furun stated that in accordance with the policy of “stabilizing and seeking for change” and “accurate in progress” at the beginning of the year, the company continued its steady development in 2016. During the reporting period, the company focused on upgrading its main business, paying close attention to energy conservation and emission reduction, adjusting product structure, strengthening management, and applying new processes to develop new products. Among them, the two fabrics won the "Outstanding fabrics in the Chinese printing and dyeing industry" special award.

“This year is an important timeline in the development of the company and is also the first year after the reorganization of the company’s assets. It is also the 20th anniversary of the company’s listing.” The relevant person in charge of the company stated that in the future, the company will capitalize on both capital operations and industrial operations. It is necessary to study capital and also to study costs. It is necessary to study market value as well as market research. To stabilize the situation, in order to gain momentum.

Huafu Color Spinning Co., Ltd.

Revenue Accelerates Web Link Business Development

During the reporting period, Huafu Color Spins Co., Ltd. had total assets of RMB 109.98 billion in 2016, representing an increase of 17.04% over the same period of last year. The operating income was RMB 8.839 billion, an increase of 29.88% over the same period of the previous year; and operating profit was RMB 146.6 million, an increase of 94.99% over the previous year.

Huafu Color Spinning Co., Ltd. stated that the full launch of the network chain business last year was an important reason for the rapid growth of operating income. During the reporting period, the company established Xinjiang Tianfu Cotton Supply Chain Co., Ltd., Zhejiang Furen Network Technology Co., Ltd., and Zhejiang Yifu Electronic Commerce Co., Ltd., and Zhejiang Jingying E-commerce Industrial Park commenced operations, enhancing the control of upstream raw materials. At the same time, it further digged into the sales end of the downstream apparel garment factories and platforms. During the reporting period, the network chain business increased operating income by nearly 1.5 billion yuan.

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Sun Weiting, chairman of the company, admitted frankly that the uncertainties and unpredictability of the textile industry have been significantly enhanced, and the previous way of thinking has been completely "ineffective." He said that Huafu Color Spinning used to rely on brand marketing, corporate mergers and acquisitions, and system management for development; in the future, through innovation, the Internet, and finance as the main driving forces, it will promote the dream of the company's “fashion operators”.

In addition, it is understood that in 2016, Huafu Color Spinning invested Rmb140 million in research and development funds, and it added a new dyeing and finishing technology center and a functional product development center. During the reporting period, the proportion of new products of colored spinning yarn increased by 5 percentage points, and the main business was increased. Profit 30 million yuan.

Meixin Da Printing and Dyeing Group Co., Ltd.

Promote Business Transformation and Create Green Roads

Due to the increasingly stringent environmental protection policies, increasing labor costs, intensified corporate competition, and slowing market demand, multiple revenue factors have caused a decline in the overall income of enterprises above designated size. Mashida has not been spared. According to the 2016 annual report, the company achieved operating revenue of 819 million yuan last year, a year-on-year decrease of 80 million yuan; operating profit of 241.148 million yuan, a year-on-year decrease of 50.05%. Of which, the net profit attributable to the shareholders of the listed company was 201.979 million yuan, a decrease of 48.52% year-on-year.

In response, MIG has also adopted corresponding countermeasures in recent years. For example, it is guided by changes in the market and customer needs, adjusting the structure of the department and the organization of operations, changing the way that individual blocks were responsible for the past, and bringing production planning and product development to the market. The marketing and operating methods are organically linked to a service-oriented model in which vertical and horizontal indicators are linked and information is shared instantly.

In 2017, the company will deepen the printing and dyeing and promote structural adjustment. Pan Yugen, vice chairman and general manager of the company, said that in the second half of 2016, the company launched a major asset restructuring for Wangneng Environmental Protection. Therefore, the most important issue this year is how to successfully complete the major asset replacement work with Wangeng Environmental Protection, and can steadily transfer the printing and dyeing industry to a new company and start production and operation. In the future, the company will transition to the waste-to-energy industry.

Anhui Huamao Textile Co., Ltd.

Keeping up with market demands for multiple patents

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Last year, Huamao Co., Ltd., which shined at the PV exhibition in France and the SPINEXPO international fashion yarn show, was very successful. In 2016, Huamao achieved operating income of 1.965 billion yuan, an increase of 1.81% year-on-year; net profit of 65 million yuan, an increase of 44.06% year-on-year, of which net profit attributable to the parent company was 99 million yuan, up 21.71% year-on-year.

The company said that in recent years, China's textile industry has excess capacity, fierce market competition, increasing cotton prices, and high production costs. To this end, Huamao shares closely follow the market demand and actively optimize the adjustment of the variety structure. “2016 is the transition period in which the Chinese economy is undergoing a deep adjustment and is also the year of the Huamao's 13th Five-Year Plan. The company now has a foothold in the mid- to high-end market. It uses its own high-quality grey cloth as raw material and adopts international advanced dyeing and finishing to clean production. The high-end textile fabrics processed and produced by technology and functional finishing technologies are matched with well-known domestic and international apparel brands,” said the person in charge of the company.

It is understood that last year, Huamao received a total of 24 authorized invention patents, achieved a historic breakthrough, 40 utility model patents, 50 invention patents, and 187 patents, of which 30 were invention patents. . The company also participated in the revision of 13 national and industry standards. The re-evaluation of the company's "National Enterprise Technology Center" passed and the company and its wholly-owned subsidiary Huatai Company were successively awarded the title of "High-tech Enterprise". In 2016, the company won 7 municipal and above technology awards, and successively won the title of “Provincial Intellectual Property Demonstration Enterprise Cultivating Enterprise” and “National Intellectual Property Advantage Enterprise”.

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