The Chinese Textile Giant Gained 21 Billion 100 Million Last Year, Known As The Backbone Of China'S Munitions Guarantee.

The Limited by Share Ltd of China Group (hereinafter referred to as "China Group") disclosed the 2019 annual report. During the reporting period, the company achieved operating income of 21 billion 154 million yuan, down 6.72% from the same period last year, with a total profit of 166 million yuan, an increase of 98.95% compared with the same period last year. The net profit of the shareholders belonging to the listed company was 63 million yuan, an increase of 131 million yuan compared with the same period last year, and the basic earnings per share were 0.01 yuan, an increase of 0.03 yuan compared with the same period last year.

Jihua Group explained that the main reasons for the decrease in the company's operating income during the reporting period were: first, the procurement units such as the armed police and the armed forces had digested the inventory, reduced the purchasing business year-on-year, and reduced the military product income by 1 billion 217 million yuan compared with the same period last year; two, the company further implemented the development strategy focusing on the main business and strengthening industry, and actively reduced the trade volume with low gross margin. The trade and other income decreased by 1 billion 241 million yuan compared with the same period last year. 。

According to public information, the predecessor of the group was formerly a quartermaster protection enterprise managed by the Logistics Department of the PLA. It was born on the top of Jinggang, grew up in the smoke of war and developed in peacetime. It was known as the "backbone of steel" for military supplies, and was listed on the A stock exchange of Shanghai Stock Exchange in 2010.

Jihua Group is the largest and largest producer and supplier of munitions, professional wear and professional footwear in China. It is the main supplier of uniform clothing departments and units and other professional clothing industry, and has the qualification of military supplies export. It has the comprehensive support capability of the whole product line, the whole war area coverage and the whole process service.

Jihua Group has said earlier that the main reason for earnings in the reporting period lies in the company's further optimization of asset allocation, the optimization of the ownership structure of key projects, the arrangement of some asset transactions, the disposal of assets, and the receipt of government subsidies.

During the reporting period, Jihua Group strengthened the overall planning capability of military products and ensured the status of core suppliers. During the reporting period, the company's military apparel orders order rate was over 50%, highlighting the position of the company's core supplier of military products. The company also increased its attention to the military equipment market, and strategically placed the equipment market in the layout of the equipment market, ensuring that the core suppliers of traditional munitions remain unchanged, 2019. The order for new equipment is 360 million yuan.

During the reporting period, 7 Chinese enterprises belonging to the group were identified as the 70th anniversary National Day parade protection clothing manufacturers, and 139 varieties and 123 thousand and 300 sets of clothing production support tasks were undertaken, with the absolute quantity advantage of more than 70% as the main producers of the parade.

During the reporting period, the China International Group focused on industrial packaging and large enterprise customers, and organized the R & D, design and production forces to provide integrated solutions for customers. It signed strategic cooperation agreements with the emergency management department and Southern Airlines, and completed the emergency management department, China Railway Corporation, China Southern Airlines, China Southern Power Grid, Beijing Chengguan, and sea. The bidding work of key projects such as the General Administration of the people's Republic of China has increased.

Business clothing, professional footwear, leather shoes, textile printing and dyeing, protective clothing business is the current core business of China group. Trade logistics business is a powerful complement to the company's comprehensive strength. Huayuan business is an important development direction for the company to explore transformation and upgrading. In 2019, the company ranked 335th among the top 500 Asian brands, 15 higher than last year, and 5 subsidiaries. Select the top 500 competitiveness of textile and garment enterprises selected by China Textile Industry Federation.

12 wholly owned subsidiary companies are engaged in R & D, production and sales of professional wear. There are more than 150 professional production lines, 42 million 530 thousand annual production capacity of professional clothing and clothing, 20 million 470 thousand annual production capacity of various garments, and 11 million 720 thousand annual production capacity of all kinds of hats and gloves.

4 wholly owned subsidiaries and 1 Italy holding companies and 1 Hongkong holding companies are engaged in R & D, production and sales of professional footwear. They have 43 professional footwear production lines, 74 million 370 thousand pairs of annual production shoes for various kinds of shoes, 4000 tons of annual production capacity for various rubber parts, 3 million pairs of annual production capacity for various types of bottoms, and 50 thousand tons of rubber annual production capacity.

4 wholly owned subsidiaries and 1 Italy holding companies are engaged in the R & D, production and sale of leather shoes, and have 24 production lines for leather shoes. The main products include leather shoes, leather, fur, garment leather, dual-purpose leather and their products, and the supply of some luxury brand leather. The annual production capacity of all kinds of leather shoes is 12 million 770 thousand pairs.

6 wholly owned subsidiaries and 1 Italy holding companies are engaged in R & D, production and sales of textile printing and dyeing products. The annual production capacity of various kinds of yarn is 24456 tons, the annual production capacity of grey fabrics is 91 million 870 thousand meters, the annual production capacity of printed dyed fabrics is 72 million 780 thousand meters, the annual production capacity of knitted fabrics is 9288 tons, and the annual production capacity of home textile products is 6 million 810 thousand.

In the aspect of protective equipment, 6 wholly-owned subsidiary companies are engaged in related businesses. Protective products include bulletproof vests, helmets, bulletproof armor and other functional devices. The annual production capacity is 3 million 580 thousand. In functional harness products, the annual production capacity of tent is 14 thousand, the carrying capacity is 3 million 600 thousand, the annual production capacity of environmental protection filter is 1 million 830 thousand meters, and the annual production capacity of high carbon ferrochrome is 10. Ten thousand tons.

In 2020, the specific measures adopted by China International Group to identify business plans were:

(1) to further increase the overall strength of all enterprises to participate in the bidding of military products, the target contractor rate of important military clothing orders is not less than 50%, and the target contract rate of equipment and equipment orders is not less than 20%. Tap the potential of the equipment market and ensure penetration of the equipment market under the condition that the core suppliers of traditional munitions remain unchanged.

(2) co-ordinate the "three in one" marketing system operation mechanism of "headquarters + regional + enterprises" to ensure the maintenance of key customers' orders, do a good job in the market development of new key customers, and steadily improve the market share of distribution equipment.

(3) aiming at key international markets such as Africa and Latin America, we should dig deeper into stock and incremental markets to further develop foreign trade market. We should actively grasp the national policies such as "one belt and one road" and strengthen cooperation with military armies of the countries along the border. We should actively expand the construction of overseas marketing organizations and strengthen the building of marketing teams.

(4) around the research and application of new materials such as rain and snow protection, bullet proof, flame retardance and phase change, we should cooperate with the research and development tasks of military products and actively promote the research and design services of distribution equipment to promote market sales, and focus on promoting the R & D design of high-tech clothing in the emergency industry.

(5) continuously promote enterprises to implement technology upgrading and equipment upgrading, speed up the construction of intelligent production lines for clothing and footwear, improve production efficiency through equipment upgrading and lean management, reduce production costs, and enhance the competitiveness of enterprises in the industry.

(6) continue to promote the reorganization and integration of internal enterprises, continue to explore and implement the reform of mixed ownership, and accelerate the use of capital operation means to promote industrial chain integration.