Shenzhou International: Ranked First In China'S Export Scale Of Knitted Garment Export Enterprises

8 years 50 times? Is there any mistake? No need to do anything, just sleep and sleep, eat and eat, listen to music, and then change 10 to 5 million. This stock is neither a Tencent of rapid glory, nor a Moutai that comfortably drinks from the mouth to the soul. Instead, it is a garment processing industry that does not see the way of life, but also painstakingly compresses the industry.

(02313).

Shenzhou International Group Holdings Limited (Shenzhou International, stock code: 02313.HK) and its Affiliated Companies ("group") are the most vertically integrated Knitting Manufacturers in China. They have four complete processes: weaving, dyeing and finishing, printing, embroidery, cutting and sewing. The products cover all knitted garments, including sportswear, casual wear, underwear, pajamas and so on.

The group ranks first in the export scale of China's knitted garment export enterprises for several consecutive years and ranks first among knitwear manufacturers in China exporting to the Japanese market.

The unique advantages of Shenzhou International also include its efficient economic scale.

At present, the group has more than 45000 tons of weaving capacity, more than 60000 tons of dyeing and finishing, more than 60 million embroidery and more than 100 million garments.

As a cigarette butt investor, he has been looking for companies that have assets and people who have abandoned them. As a result, some have risen, such as 02100 baos holdings, 02198 Sanjiang chemical industry, and some have been lying on the floor, such as 03398.HK Hua Ding holdings, 01023.HK Era Group, and finally realized that time is a friend of blue chip stocks, an enemy of inferior stocks, and the meaning of these words created by the times.

Shenzhou group was founded in 1988. It is an enterprise integrating weaving, dyeing, printing, embroidery, cutting and sewing four complete processes. It is also the largest vertical integration in China.

Garment foundry enterprises; 2016 China's largest export enterprises of knitted garments.

The company's production base is located in the Ningbo economic development zone and Vietnam. At the same time, there are strategic garment factories in Quzhou, Anqing and Kampuchea.

At present, there are 74 thousand and 600 employees, the factory covers an area of 3 million 890 thousand square meters, and the construction area is over 3 million square meters, producing more than 300 million 10 thousand kinds of knitted garments every year.

That is, the floor area ratio is 0.77, the output per square metre is 103, and the output per person is 4155.

These similar indicators indicate the operational efficiency of enterprises.

The company mainly produces knitted sporting goods, casual wear and underwear garments, and its customers include UNIQLO, ADIDAS, NIKE, PUMA and other internationally renowned customers.

The company went public in November 24, 2005.

The opening price was 2.7 yuan, and the wave closed at 2.775 yuan.

After a slight rush, the share price gradually dropped. In the 2008 financial turmoil, it reached a low point of 0.8 yuan in October 27, 2008, which has become the lowest price ever recorded.

Based on this stock price, the company has a market value of HK $1 billion 190 million.

In fact, the development of the company was pretty good at that time. Let's take a look at the company's performance.

In 2005, the annual income was 2 billion 480 million yuan (the same as RMB, except the stock price), with a profit of 350 million, total assets of 2 billion 540 million, and net assets of 1 billion 710 million.

2006 annual income 2 billion 980 million, profit 390 million, total assets 2 billion 790 million, net assets 2 billion 70 million.

We can see that the company has stable performance and stable growth, as well as a relatively good balance sheet.

At the lowest point of stock price, we can see that PE is only 2.7, PB is 0.5 (HK exchange rate is calculated according to 0.9).

The price of A shares is unthinkable.

As financial turmoil gradually subsided, share prices began to pick up.

More importantly, the company's income and profits, like sitting on a rocket, a hair and soaring.

In March 25, 2008, the company announced its 07 year performance, earning 3 billion 650 million and earning 410 million. The closing price of that day was 2.08 yuan, and its market value was 3 billion 100 million, PE7.6.

In the 08 year, the company's revenue was 4 billion 820 million, the profit was 700 million, and the closing price (09 days March 26th, the same below) was 1.84, and the market value was 2 billion 700 million, PE3.9.

The increase in performance and the fall in market value are very good buy points.

In the course of the company's income and profit taking off, the market view of the company has changed, and the P / E ratio has risen sharply.

In 09 years, the company's revenue was 60.9, its profit was 1 billion 250 million, and its market value was 16 billion 200 million, PE12.9.

Market capitalization has increased by 6 times, of which profits have increased by 2 times, and PE has increased by 3 times.

This is called Davies double click.

The best profit opportunities.

In 10 years, the company's revenue was 6 billion 720 million, its profit was 1 billion 270 million, and its market value was 11 billion 900 million, PE9.4.

In 11 years, the company's revenue was 9 billion 40 million, its profit was 1 billion 700 million, and its market value was 20 billion 900 million, PE12.3.

In 12 years, the company's revenue was 8 billion 940 million, its profit was 1 billion 620 million, and its market value was 32 billion 400 million, PE20.0.

In 13 years, the company's revenue was 10 billion 40 million, its profit was 1 billion 800 million, and its market value was 37 billion, PE20.5.

In 14 years, the company's income is 11 billion 130 million, the profit is 2 billion 70 million, the market value is 47 billion 700 million, PE23.0.

In 15 years, the company's revenue was 12 billion 640 million, its profit was 2 billion 370 million, and its market value was 63 billion, PE26.6.

In 16 years, the company's revenue was 15 billion 900 million, its profit was 2 billion 950 million, and its market value was 75 billion, PE25.4.

Since 2012, the company's market capitalization has exceeded 20 billion, and the P / E ratio has been more than 20 times.

The market thinks that the company's ability to see risks has increased a lot and its performance has been relatively stable.

If we use 4 times the lowest price earnings ratio, the market value of the company is only 11 billion 800 million, which is 6 times the market value.

It can be seen that the rise in performance and the rise in market capitalization are due largely to the increase in P / E ratio.

The increase in P / E ratio is based on relatively stable performance and relatively large market value.

This provides a good idea for us to find growth stocks and hold growth stocks in the future.

As for the specific purchase points, it is the practice of technology.

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