The Silk Business Has Over 200 Million Revenue Last Year, Supplying 70 Million 610 Thousand For The First Major Customer, The Yanghe River Distillery.

Jiangsu Susi silk Limited by Share Ltd (hereinafter referred to as "Susi shares") disclosed the 2018 annual report on the evening of April 22nd. During the reporting period, the company achieved operating income of 202 million yuan, up 37.85% from 146 million yuan a year ago. The main product of Susie products increased, compared with 75.36% in the same period last year.

However, the profit level of the company decreased slightly compared with that of last year. The total profit in 2018 was 8 million 573 thousand and 400 yuan, a decrease of 5.90% from 9 million 110 thousand and 700 yuan in the same period last year, and the net profit was 7 million 675 thousand and 700 yuan, a decrease of 5.75% compared with 8 million 144 thousand yuan a year earlier.

The main reason is the increase in procurement cost and the decrease in gross margin.

In 2018, the operating cost of the company was 136 million yuan, an increase of 43.38% over the same period last year of 95 million 368 thousand and 900 yuan.

During the reporting period, the main income composition of Susi shares did not change significantly. The proportion of Susi products accounted for 39.95%, which was higher than that in 2017. It is the main source of income for the company. The main reason is to adapt to the market changes, actively adjust the product mix, increase the investment in Susi products, add 38 new agents and distributors throughout the year, actively participate in the fair, Shenzhen gift spring, autumn exhibition, Nanjing international clothing festival and other exhibitions. According to the market demand of all parts of the country, the sales of Susie finished products and Susi products in the 2018 year sales increased 75.36%.

In addition, the income of spun silk products accounted for 26.61%, an increase over the same period last year, mainly due to the company's efforts to expand the market and develop new customers such as Beijing Zhong FA Hong Ye Trading Co., Ltd., SPUNSILKWORLDCO., LTD (Thailand SSW) and so on. The proportion of silk fabric products was 27.06%, a decrease compared with the same period last year, mainly due to the reduced demand in the international markets such as India and Pakistan.

Susi is a comprehensive enterprise that integrates silk home textiles, silk spinning, blending, weaving, real estate and more than thirty exclusive stores and agencies. It is a national high-tech enterprise with strong R & D capability and rich experience in the industry.

The company now has 6 invention patents and 13 new utility models. The company has the Jiangsu provincial enterprise technology center and Jiangsu province (Su Si) spun silk spinning engineering research center. In 2018, the new products developed by the company in 2018 were 120Nm/2/ silk / Tencel /PTT/60/35/5 compact spinning blended yarn, lucky magic cube silk knitted blanket, and 140/2 anti fuzzing silk and spun silk 3 new products were selected as the sixteenth Textile Technology Innovation Award.

Susi has 2 wholly-owned subsidiaries, Siyang suhao Textile Co., Ltd. and Siyang Xian silk products factory Co., Ltd.

Siyang SOHO Textile Co., Ltd. has a registered capital of 10 million yuan, and its registered address is No. 29 Huaihai East Road, Siyang County, Jiangsu province. The legal representative is Liu Wencheng, whose business scope is silk fabric, clothing production, processing and sales.

In 2018, Siyang SOHO Textile Co., Ltd. had a revenue of 50 million 186 thousand and 600 yuan and a net profit of -145.17 million yuan.

The registered capital of Siyang silk fiber products factory is 510 thousand yuan, and the registered address is No. 29 Huaihai East Road, Siyang County, Jiangsu province. The legal representative is Liu Wencheng, whose business scope is silk fiber processing.

In 2018, Siyang silk fiber products factory Co., Ltd. had a revenue of 80 million 634 thousand and 800 yuan and a net profit of 767 thousand and 500 yuan.

Public information shows that Su Si shares mainly engaged in R & D, production and sales of high quality spun silk products and mulberry silk home textiles and clothing products.

Susi owns the spun silk brand "SPCC" and "REDHORSE". The home textile and clothing brand "Susi" enjoys a high reputation in the international market, and has a high brand recognition with high market recognition.

Spun silk brand is SPCC, which is well-known trademark in China. Its product quality is renowned both at home and abroad.

Internationally, many customers in Europe, America and Southeast Asia have established long-term and stable business relations. They have good cooperation relationship with the famous wool textile enterprises such as sun group, Dan Mao and Inner Mongolia deer king group.

The home textile brand has won the top ten Chinese silk home textiles for "SUSI Susi", mainly including four categories of bedding, home clothes, clothing and clothing.