Long Sales And Net Profit? Looking At High Quality Development From The Performance Of Listed Companies In 4 Home Textile Machinery Industry

Recently, several listed companies in the textile machinery industry have released the 2018 annual report and the first quarter performance report this year. Overall, facing the multiple pressures and challenges brought by the external environment, several textile machinery listed companies focus on quality development, focus on quality improvement, efficiency enhancement, innovation driven and intelligent spanformation, accelerate the pace of spanformation and upgrading, and achieve business income growth. However, in the first quarter of this year, except Jingwei Textile machinery, Jinlun shares, Cixing shares and Jinggong technology net profit declined, indicating that the development of enterprises is still facing greater pressure.

Jingwei Textile Machinery Limited by Share Ltd

Future profits are expected to go up again

Performance Operating income in the first quarter of 2019 1 billion 670 million yuan Year-on-year growth 63.68% Net profits attributable to shareholders of listed companies. 182 million yuan Year-on-year growth 35.51% 。

Operating revenue in 2018 7 billion 515 million yuan Year-on-year growth 18.28% Net profits attributable to shareholders of listed companies. 783 million yuan Year-on-year decline 34.73% 。

Review of management The company mainly engaged in textile machinery, financial trust two types of business. The predecessor of the company is the original Jingwei Textile Machinery Factory, which has more than 60 years of history. After years of development, the company formed a double main business pattern with "spinning machine + finance" as its core. As a pilot of the integration of central enterprises, China Heng Tian Group, the original controlling shareholder of Jingwei Textile machinery, formally integrated into the China machinery industry group in 2017. Jingwei Textile machinery is currently the only "textile + finance" listing platform in the National Machinery Group, and the trust license of the financial trust group is of great significance to the financial layout, performance contribution, resource integration and the integration of industry and finance. The company is a leading enterprise in the domestic textile machinery manufacturing industry. The textile machinery products enjoy a good reputation both at home and abroad. The financial sector has successfully realized the spanformation of the company's development strategy through rapid development and optimization of business structure.

Future forecast The stable and consolidated earnings generated by the high profitability of the Sino trust company, coupled with the contribution of the textile machinery industry to warmer growth and gross margin, as well as the investment returns generated by the participating investment companies, is expected to go up to a higher level.

Jinlun Ke Limited by Share Ltd

Net profit fell in the first quarter

Performance In the first quarter of this year, Jinlun shares realized business revenue. 483 million yuan Year-on-year growth 0.87% Net profits attributable to shareholders of listed companies. 19 million 214 thousand and 400 yuan Year-on-year decline 9.28% 。

In 2018, the company realized its business revenue. 2 billion 281 million yuan Year-on-year growth 8.86% Net profits attributable to shareholders of listed companies. 122 million yuan Year-on-year growth 41.77% 。

Commentary on Management During the reporting period in 2018, the main reason for the increase in operating income of Jinlun shares was that the main business of textile carding equipment and stainless steel decorative board business increased slightly compared with the same period last year, and the cotton yarn trading business of Jin Yuan cloud textile company increased considerably over the same period last year. The main reason for the increase in profits was the provision for large scale long-term equity investment impairment in Ningbo search and Hangzhou spinning, and the increase in assets disposal income of this period.

During the reporting period, the company developed steadily in the field of textile carding equipment, stainless steel decorative materials business, and sought breakthroughs. The advanced manufacturing sector continued to grow, and the overall competitiveness of enterprises was further enhanced.

Future forecast In 2019, Limited by Share Ltd will continue to follow the established development strategy, intensify its efforts and implement its efforts, strive to improve the level of management and management, strive to achieve the double harvest of extension and expansion, and strive to achieve the development target of 2 billion 667 million yuan in 2019 and 120 million yuan in net profit.

Ningbo Cixing Limited by Share Ltd

Main revenue growth net profit continued to decline

Performance Expected net profit for 1~3 months 2019 38 million 843 thousand and 200 yuan ~5438.04 yuan. The decline is 50%~30% Net profit in the same period last year 77 million 686 thousand and 300 yuan 。

The company realized revenue in 2018. 1 billion 690 million yuan Year-on-year growth 20.32% Net profits attributable to shareholders of listed companies. 138 million yuan Year-on-year decline 42.26% 。

Commentary on Management The main products of Ningbo Cixing Limited by Share Ltd are intelligent knitting machinery equipment, mainly computer knitting flat knitting machine and Computer Knitted shoe upper machine. The knitting machine is mainly used for the production of sweaters, and the upper machine is mainly used for the production of flying shoe upper. The annual report revealed that the computerized computerized flat knitting machine developed by Cixing shares is currently undergoing a long time stability test, developing more fabric styles and systems, and has strong customer purchasing intention. In 2018, sales of computerized flat knitting machines were 22026, an increase of 56.36% over the same period last year.

Regarding the reasons for the first quarter of 2019, the company said that in the first quarter of 2019, the company's operating income increased slightly over the same period last year. The net profit attributable to the listed company was lower than that of the same period last year, mainly due to a profit of about 37 million yuan in the same period last year, which was spanferred to the subsidiary company of Suzhou Ding Na Automation Technology Co., Ltd. During the reporting period, the impact of non recurring gains and losses on net profit is estimated at around 6 million yuan.

Zhejiang Jinggong Polytron Technologies Inc

Textile machinery sales revenue is high

Performance Operating income in the first quarter of 2019 174 million yuan , an increase over the same period last year 6.95% The net profit attributable to shareholders of listed companies is -2729.82 million yuan , down from the same period last year. 324.58% 。

2018 Jinggong technology business income 1 billion yuan Year-on-year growth 5.68% Net profits attributable to shareholders of listed companies. 5 million 730 thousand yuan Year-on-year decline 94.22% 。

Commentary on Management Jinggong technology is mainly engaged in the production of high technology products, such as solar photovoltaic special equipment, new building energy saving special equipment, textile and special equipment, etc., which is the production base of domestic light textile special equipment. Many subdivision products occupy a dominant position in the market. Among them, the HKV series covering machine has a market share of more than 65%. Xia Qinghua, the company's secretaries, said that the core of supply side reform is quality upgrading and quality development. In the past two years, Jinggong technology has carried out a lot of work on accelerating intelligent manufacturing, optimizing lean manufacturing, innovating sales mode, strengthening meticulous management, reforming scientific research system, and accelerating the industrialization of new products. In 2018, the company's first carbon fiber microwave graphitization production line was successfully produced. The Jilin Jinggong 2 kiloton carbon fiber production line was installed in an orderly way, and the textile machinery such as loom, rotor spinning machine and so on consolidated the domestic market at the same time, the annual sales revenue reached a record high, which further promoted the spanformation and upgrading of the company and the high quality development.