Some People Are Happy And Worried. How Can 4 Head Knitting Listed Companies Find It Difficult To Advance?

Recently, several knitting industry listed companies have released the 2018 performance report and the first quarter performance report this year. Overall, facing the uncertainty of the external environment, several knitting listed companies have promoted the transformation and upgrading of the knitting industry around the high quality development, and have been able to meet the high-level demands of customers and consumers in the aspects of clothing material, design, type and performance through continuous improvement of production processes and development of new products. In addition to bar Jie shares, the international revenue and net profit of Jen Sheng group, Sha Sha shares and Shenzhou have achieved steady growth, indicating that the development of enterprises needs to continuously upgrade the value added level of the industrial chain.

Jian Sheng group Limited by Share Ltd

Vietnam's layout will usher in a harvest period.

Performance: the first quarter of 2019 achieved operating income of 403 million yuan, an increase of 17.95% over the same period; net profit attributable to shareholders of listed companies was 68 million 894 thousand and 600 yuan, an increase of 57.20% over the same period last year.

In 2018, the company achieved a revenue of 1 billion 577 million yuan, an increase of 38.62% over the same period last year. The net profit attributable to shareholders of listed companies was 206 million yuan, up 56.98% over the same period last year.

Business Review: in 2018, the export volume of China's cotton socks was 13 billion 830 million pairs, down 1.78% compared to the same period last year, the export amount was 4 billion 850 million US dollars, down 0.4% compared with the same period last year, and the export unit price was 0.35 US dollars / double, an increase of 1.16% over the same period last year. In recent years, due to the uncertainty of Sino US trade frictions and the continuous upgrading of labor and environmental protection costs, China's textile and garment industry has weakened its competitiveness and shifted its capacity to Southeast Asia, and the export of cotton socks has also been affected. Due to the early layout of the Vietnamese market, in 2018, the Limited by Share Ltd of JSG group (hereinafter referred to as "Kin Sheng group") ushered in the "harvest period", and the main income of cotton socks returned to double-digit growth. The Vietnamese cotton socks production capacity is 110 million pairs, the output is 105 million pairs, the year-on-year increase of about 40%, the production and marketing rate continues to be at a high level.

Market forecast: in 2019, jn group will take advantage of Vietnam's production base to increase the number of high-quality customers. At the beginning of this year, the company has set up a design and development company in Tokyo, Japan. In the future, it plans to set up a design and development company in Europe and the United States, increasing the order of ODM and OBM, and improving the added value level of the industrial chain.

Sichuan, Cmi Holdings Ltd

Underwear products revenue profits are pretty good.

Performance: in the first quarter of this year, Sichuan's Cmi Holdings Ltd (hereinafter referred to as "Sha Sha shares") achieved operating income of 60 million 10 thousand yuan, an increase of 21.23% over the same period, and the net profit attributable to shareholders of listed companies was 5 million 449 thousand yuan, an increase of 21.42% over the same period last year.

In 2018, the company achieved operating income of 388 million yuan, an increase of 12.86% over the same period, and a net profit attributable to shareholders of listed companies was 29 million 161 thousand and 800 yuan, an increase of 27.05% over the same period last year.

Business Review: we are committed to professional R & D, production and operation of all kinds of thermal underwear, fashion underwear, shorts, bra and other knitted garments, as well as the OEM processing of foreign trade garments. In the first quarter of this year, the revenue of Lingsha underwear increased by 21.18% compared to the same period last year, and the number of foreign trade OEM underwear increased by 54.24% compared to the same period last year. In 2018, the underwear products of the company achieved operating income of 157 million yuan, accounting for 40.61% of the main business revenue; short pants achieved operating income of 177 million yuan, accounting for 45.79% of the main business income; the bra realized 8 million 550 thousand and 300 yuan of business income, accounting for 2.21% of the main business revenue. Other business income was 44 million 43 thousand yuan, accounting for 11.4% of the main business income.

Market forecast: Shakespeare will continue to optimize its business layout, innovate operation and increase revenue in 2019. Strive to achieve 10% revenue and profit growth in 2018. In addition, we should increase R & D investment, strengthen marketing, and enhance the ability of enterprises to increase profits and profits, and strive to achieve the simultaneous development of brand and performance.

Shenzhou International Group Holdings Limited

Business efficiency continues to improve steadily.

Performance: the company achieved operating income of 20 billion 950 million yuan in 2018, an increase of 15.8% over the same period, and a net profit attributable to shareholders of listed companies was 4 billion 540 million yuan, an increase of 20.7% over the same period last year.

Business Review: Shenzhou International Limited by Share Ltd (hereinafter referred to as "Shenzhou International") mainly produces knitted sporting goods, mainly sportswear, casual wear, underwear, pajamas and so on. The main customers include Nike, UNIQLO, Adidas and Puma. In 2018, Shenzhou International achieved sixth consecutive years of double-digit growth in revenue and net profit. The group said sales growth of sports and leisure products was mainly due to rising demand for sportswear in the Chinese mainland market and the US market, while the main growth market for underwear products was Japan.

Market forecast: in 2018, the contribution of the company's overseas capacity increased significantly, and its automatic production level will also maintain strong growth in the next few years. In 2019, Sino US trade friction brought great uncertainty to the future export situation, and the domestic textile and garment industry was under the dual pressure of market and cost. Shenzhou International will continue to deepen the "China + Southeast Asia capacity layout" to enhance productivity advantages, reduce labor costs, and avoid trade policy risks.

Zhejiang bar Jie Holdings Group Limited by Share Ltd

Net revenue continued double decline

Performance: the first quarter of 2019 achieved operating income of 105 million yuan, an increase of 10.61% over the same period; net profit attributable to shareholders of listed companies was 4 million 216 thousand and 700 yuan, down 17.53% compared to the same period last year.

In 2018, the company achieved operating income of 420 million yuan, down 4.3% compared with the same period last year. The net profit attributable to shareholders of listed companies was 18 million 150 thousand yuan, down 62.4% from the same period last year, and the decline was far beyond operating income.

Management review: Zhejiang bar holding group Limited by Share Ltd (hereinafter referred to as "bar Jie shares") is a seamless garment manufacturer producing underwear and sportswear. Its main customers are C&A, H&M, PINK and other internationally renowned clothing brands. In 2018, as the demand for textile and apparel products grew less than expected, the prospect of the original stock raising fund-raising project was uncertain. If it continues to be implemented, it may face the problem of whether the new production can be effectively digested, and the efficiency of fund-raising is low. The termination of the project also has a certain impact on the sharp decline in the company's profit scale.

Market forecast: in 2019, we will continue to focus on the main business of seamless garments, and we will continue to use the resources of the capital market to expand our business scope and seek new profit growth points in the light of our strategic planning and business development needs.