Weixing Shares: Segmentation Leader, Valuation Has Advantages
Weixing shares is one of the largest button manufacturers in the world. The company's marketing mode is "selling products", and the production cycle is short, usually 7~15 days. Raw material The decline in prices will have a positive impact on the company's production costs. The company's automation transformation mainly focuses on improving per capita production efficiency, and gradually improves production efficiency through process combing, automation transformation and equipment upgrading among various processes. Based on the comprehensive consideration of product properties and customer needs, the company is actively concerned about and deeply studying the impact of the Internet on textile and clothing and accessories industry.
The company achieved operating income of 1 billion 850 million yuan in 2014, an increase of 4.4% over the same period last year, achieving a net profit of 238 million yuan, an increase of 13.68% over the same period last year. Downstream brands Clothes & Accessories Under the background of low domestic demand and weak export recovery, the company maintained a healthy growth as a whole.
From the perspective of future business development, the company's button business will maintain a steady development trend. More changes will come from the product structure adjustment, and the zipper business will be more widely used because of its downstream application and the market will be more dispersed. Regardless of the sales scale or gross margin level, the leading companies with multiple business synergies will have much room for improvement in the industry reshuffle process. The comprehensive advantages of the company in R & D, marketing and management are obvious. After the industry shuffle, a global competitive leader like a company with a comprehensive competitiveness is expected to gain more market share and higher valuation level.
The company 2004-06-25 is listed on the SME board in Shenzhen, with the stock code: 002003, short for Securities: Weixing shares. [1]
The company takes "sustainable development" as a strategic guide, with "good faith win win" as the management guidance, and the "Centennial enterprise" as the medium and long-term goal. After continuous rolling development, especially the 30 year history of the button industry, it has a strong competitive edge in product R & D, technological innovation, brand reputation, marketing, scale efficiency and talent pool.
The company has established five major industrial bases, namely, Zhejiang's coastal garden, Zhejiang's Jiangnan Jiangnan, Zhejiang's coastal ocean, Shenzhen Bantian and Shanghai Fengxian.
The company has the only state-level new product and new technology research and development center in the same industry, and has developed 5000 new products in recent years. The product has been awarded the national science and Technology Progress Award and the national Spark Award many times. Weixing share rights online roadshow company has global marketing outlets and high-quality and wide customer base. H&M, C&A and other well-known buyers at home and abroad and YOUNGOR, Shan Shan, Caesar, Baozi, Bosideng, brother and other brand-name clothing manufacturers, as well as Tianjin Lingzhi, Shandong Qili, Jiangsu sainty and other well-known foreign trade import and export company designated suppliers. It is also the designated manufacturer of clothing accessories such as buttons, zippers and so on in more than 30 administrative and public institutions of China, including public inspection, law enforcement and so on.
In the face of the new round of competition, the company will focus on the strategy of "sustainable development" and the guiding ideology of "development as the pioneer, business driven production and production promotion operation". garment accessories In the big area, we should accelerate the pace of the two pioneering work, actively promote the internationalization strategy, strive to build SAB brand, and constantly enhance the core competitiveness of the company, and build the company into an internationally renowned flagship enterprise for garment accessories.
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