Zhejiang'S Ho Ho Village Holdings Made Nearly 500 Million Of Its Shares In The First Three Quarters By Printing And Dyeing And Gold Processing.

The Zhejiang civil aviation Limited by Share Ltd (hereinafter referred to as "civil aviation shares"), the local listed company in the textile and dyeing industry, released the three quarterly report in October 22nd. During the reporting period, the company achieved operating income of 5 billion 40 million yuan, down 13.52% compared to the same period last year. The net profit attributable to the stock market of the listed company was 498 million yuan, up 10.11% over the same period last year. Basic earnings per share of 0.46 yuan.


According to public information, hang min shares were established in January 1998, mainly in the printing and dyeing industry, covering thermoelectric, weaving, nonwovens, industrial water, sewage treatment, offshore transportation and other businesses, of which printing and dyeing business accounts for about 77% of revenue. The company originated in Xiaoshan hang min bleaching and dyeing plant, founded in 1973. So far, hang min shares have focused on dyeing and printing industry for more than 40 years. At present, they have 1 billion 20 million meters of printing and dyeing capacity and second of the scale of production capacity, leading to A share printing and dyeing.


Hang min shares were listed in 2004, mainly in the printing and dyeing industry. After the listing, through the integration of the upstream and downstream industries, the company set up a number of printing and dyeing industries, and gradually formed the scale advantage. In 2018, the company found that the shares were acquired by the controlling shareholder of the hang min group, a 100% stake in the civil aviation and 100 Thai companies. At present, the acquisition plan has been approved by the SFC. By the end of 2018, the business contributed 3 billion 570 million 200 thousand yuan in revenue to the company, accounting for 47.39% of the company's revenue.


In the first half of 2019, civil aviation shares reached 3 billion 460 million yuan, down 11.7% from the same period last year, and realized net profit of 320 million, an increase of 7.3% compared with the same period last year, and the earnings per share were 0.3 yuan. During the reporting period, the gross profit margin of the company was 20.5%, an increase of 4.5 percentage points over the same period, and the net interest rate was 10.7%, an increase of 1.3 percentage points over the same period last year.


From the perspective of performance, hang min share has achieved rapid and steady growth in performance through its rich management experience. The company's business revenue increased from 605 million yuan in 2001 to 3 billion 496 million yuan in 2017, the annual compound growth rate was about 11.59%. In 2018, the company's printing and dyeing and related businesses achieved 3 billion 964 million yuan, achieving a 13.38% growth rate, while the company's new business gold jewelry industry realized 3 billion 570 million yuan, so that the company's revenue grew rapidly.


From the net profit attributable to shareholders of listed companies, the 57 million yuan in 2001 increased to 574 million yuan in 2017, and the annual compound growth rate was about 15.53%. In 2018, the net profit attributable to shareholders of listed companies reached 15.39%.


Aili, a researcher at Hongta securities, said that the growth rate of the printing and dyeing business of civil aviation shares in the future will be maintained at around 10% because of the stricter environmental protection and the concentration of industries. The observation and analysis shows that the printing and dyeing industry is currently subject to price increases in terms of labor costs, raw materials and so on, while voyage shares are the leading industry in the industry, with obvious price transfer capability. But if the upstream raw material prices are too fast, and the market competition is fierce, and the capacity of downstream enterprises is limited, there may be some factors that can not completely transfer the price of all raw materials. Therefore, the rapid rise of raw material prices may affect the gross profit margin of this part of the business of the shares of the airlines, and its printing and dyeing business is expected to decline slightly compared with that of 2018.


The market participants believe that the logic of the integration of beneficiary industry, especially the frequent safety incidents, has brought about more efforts to rectify the industry and speed up the integration of expectations. On the basis of the increasingly obvious differentiation in the printing and dyeing industry, the main industry of aviation and civilian stock printing and dyeing industry has accelerated growth in recent years, and has always been a stable benchmark for industry transformation and upgrading.