Weixing Zipper Button Sold 2 Billion 400 Million Major Shareholders A Year, 4 Years Increased 50 Times.

Small buttons make big industries.

After 40 years of development, 002003.SZ, the main button and zipper, has grown into the largest and most complete garment accessories enterprise in China.

Reporters found that last year, Weixing shares sold 7 billion 600 million buttons, zipper 363 million meters, the two total sales revenue reached 2 billion 400 million yuan.

Weixing shares can be traced back to the 70s of the first century, and it was invested by 38 thousand yuan in Youxi commune, Zhejiang.

All along, deep ploughing button and zipper main industry, and constantly upgrading and innovation.

Up to now, its marketing and service system has been radiated in more than 50 countries and regions in the world, and the company has become a strategic partner of many famous clothing brands such as ADIDAS and NIKE.

In 2004, Weixing shares entered the A share market. In the past 15 years, although its operating performance has not increased significantly, it has been relatively stable. In 2007, the net profit per year (the net profit attributable to shareholders of listed companies) was more than 100 million yuan, and in 2017, it reached 365 million yuan.

Because of its stable profitability, Weixing shares have been steadily returning investors.

Since the listing, 15 cash dividends have been implemented, and the total dividend amount has reached 2 billion 108 million yuan.

The dividend amount is 1.8 times of its total equity financing.

Purely from the financial data, Weixing shares are relatively sound financially. As at the end of last year, the company's short-term debt is only 180 million yuan, and the existing 360 million yuan monetary fund is enough to cover it.

The concern is that compared with the controlling shareholders of many companies, the controlling shareholder of Weixing shares is increasing.

The Yangtze daily news reporter preliminary statistics, in 2012, 2014, 2018, 2019, Weixing group has implemented 50 consecutive holdings.

Net profit in the 12 consecutive years is over 100 million.

Just producing button zippers, Weixing shares achieved a net profit of over 12 billion in consecutive years.

In the first three months of this year, Weixing shares achieved a business income of 513 million yuan, an increase of 21.53% over the same period last year, a net profit of 19 million 318 thousand and 900 yuan, an increase of 18.38% over the same period last year, and the net profit of the revenue maintained a two digit growth rate.

Weixing shares is a leading enterprise in China's garment accessories industry. Its core products are buttons and zippers. The company listed on small and medium-sized boards in June 25, 2004.

Business performance data show that before 2008, Weixing shares realized rapid growth.

In 2004, its operating income was 357 million yuan, and its net profit was 25 million yuan, an increase of 35.98% and 25.30% over the same period. After 4 consecutive years of rapid growth, its operating income reached 1 billion 478 million yuan in 2008, and its net profit was 156 million yuan, up 3.14 times and 5.24 times respectively compared with 2004.

In 2009, net profit growth dropped to 10.26%, 2010 rebounded to 48.47%, and net profit reached 256 million yuan.

However, in 2011 and 2012, the net profit was 196 million yuan, 169 million yuan, or 23.39%, 13.84%, respectively, due to changes in the textile and garment industry's operating environment.

In recent years, although the overall performance of the textile and garment industry is not very satisfactory, Weixing shares has stood the test.

From 2013 to 2017, its operating income was 1 billion 772 million yuan, 1 billion 849 million yuan, 1 billion 874 million yuan, 2 billion 174 million yuan, and 2 billion 624 million yuan respectively, and it continued to grow.

The corresponding net profit was 209 million yuan, 236 million yuan, 248 million yuan, 295 million yuan and 365 million yuan, an increase of 23.81%, 12.78%, 4.91%, 19.34% and 23.38% respectively, although the growth rate slowed down occasionally, but still showed a strong growth momentum overall.

In the same period, the net profit growth of high-speed deduction is basically the same as net profit.

In 2018, the performance of Weixing shares declined.

In the past year, its operating income was 2 billion 712 million yuan, an increase of 3.32% over the same period last year, with net profit of 310 million yuan, down 14.89% from the same period last year, and net profit of 305 million yuan, down 15.07% from the same period last year.

Overall, in the 12 years since 2007, the high speed net profit has exceeded 100 million yuan.

Last year, the United States frequently launched trade disputes and seriously affected the global normal trading order, according to Weixing shares.

Coupled with the financial leverage, consumption growth continued to decline, the impact of rising commodity prices and other factors, the overall situation of the textile and garment industry is not optimistic.

Or in response to the challenges of the textile and garment industry, as early as 2015, Weixing shares had already crossed the border layout, bought 51% stake in ZOJE era at 153 million yuan price, and invested 98 million yuan last year to acquire 9% stake. The latter mainly engaged in R & D, production and service of Beidou satellite navigation products.

However, as of now, the performance of the Beidou satellite navigation product is still very small.

Last year, sales of zipper buttons were close to 96%.

Moreover, last year, under the influence of the market environment, the income of the product has declined considerably, and the goodwill impairment has been prepared accordingly.

This is also the main reason for Weixing's net profit decline last year.

More than 700 employees are engaged in R & D.

Surprisingly, Weixing shares invested more than 700 people in technical research on small buttons and zippers.

Weixing shares said in its annual report that the company adheres to the technology research and development strategy of "technology leading, continuing to create sub industry champion", and continuously improves the core competitiveness of the company's products.

In terms of product innovation, close to customer demand and market trend, continue to create popular money, explosive money.

In the field of technological innovation, the problems of automatic and intelligent equipment and breakthrough in key technology and technology breakthrough are focused on the problems of automatic and intelligent equipment, and the breakthrough of key technology and technology through special tackling and external quotation, which effectively overcome the "old and difficult" problems in some industries and break the barriers of the European and American brands.

Last year, the company applied for 177 patents, including 63 invention patents.

Data show that in 2017, 718 senior research and development personnel, accounting for 9.02% of the total number of employees, 709 last year, accounting for 9.17%.

In 2017, the R & D cost of the company was 113 million yuan, accounting for 4.30% of the company's current revenue, and its R & D expenses increased by 0.15% last year.

Public information shows that over the past 30 years, Weixing shares have been attaching importance to R & D and innovation, and have made frequent innovations in terms of color, material and design.

At present, the company has become the world's ADIDAS, NIKE and many other well-known apparel brand suppliers.

Or based on long-term optimism for the company, since 2012, Weixing group, a major shareholder, has frequently increased Weixing shares.

The Yangtze daily news reporter rough statistics, in 2012, 2014, 2018, 2019, Weixing group has implemented 50 holdings.

Among them, since this year, it has increased 3 million 122 thousand shares and cost about 22 million yuan.

In terms of return to investors, Weixing shares made annual cash dividends.

15 years have been listed for 15 times, and the cumulative dividend amount is 2 billion 108 million yuan, totaling 2 billion 877 million yuan in net profit and 73.27% in dividends, ranking eightieth in the more than 3000 listed companies of A shares.

In 2012, 2014, 2018 and 2019, Weixing group carried out 50 holdings.

Among them, since this year, it has increased 3 million 122 thousand shares and cost about 22 million yuan.