Textile And Garment Industry: Survey Report Of Zhejiang Listed Companies

YOUNGOR (10.12, -1.04, -9.32%, bar) (600177): the prospect of domestic apparel business is promising.

At present, the company has nearly 2000 sales terminals, and the proportion of self operated stores is over 90%.

Because of the high proportion of self run, the gross domestic product gross profit rate of domestic clothing reaches 73%, which is higher than that of general brand clothing enterprises.

However, the sales cost rate reached 30%, resulting in a net profit margin of around 20%.

The company plans to increase the proportion of franchised stores in remote areas in order to solve the difficulties of self run shops in remote areas.

We believe that the sales network based on self ownership is the most valuable asset of the company, and more than 300 stores with property rights have appreciated substantially.

With the completion of the 20 year amortization of property rights (most of which has been amortized for 10 years or so), the profitability of domestic sales will increase significantly.

Our concern for domestic sales is how to increase sales and reduce inventory indicators, and strengthen the assessment and incentive for self run stores.

Jin Jin Eagle shares (3.05, -0.01, -0.33%, bar) (600232): Flax and silk spinning new technology to improve performance.

The company has developed a new dry and wet spinning equipment for flax residue processing, which can be used to produce raw materials produced in the process of hemp and make it into low count hemp yarn for downstream manufacturers to make linen mat and cushion.

In the past, the company sold the defective material at 4000 yuan / ton, and sold it to roving for 30 thousand yuan / ton.

Compared with the direct sale of the inferior material, the profit generated by the tons of residual material is increased by more than 70%.

The company plans to put in 10 dry and wet spinning equipment. Now, two devices are being produced and the rest of the equipment will be installed by the end of the year.

The monthly average yarn yield of each equipment is about 35 tons. After the production is put into operation, the annual output of coarse yarn will be 4200 tons.

It is estimated that it will contribute 32 million yuan in pre tax profit.

Statement: the contents of this edition are purely personal views of the author and are for reference only to investors and do not constitute investment proposals.

Investors operate accordingly, at risk.