The Environmental Threshold Increased To Help The Performance Blind, The Chinese Printing And Dyeing Industry Top 30 Last Year'S Revenue 666 Million

? ? ? China's 30 largest printing and dyeing industry, Zhejiang's Limited by Share Ltd (hereinafter referred to as "Zhejiang rich"), disclosed the 2019 annual report. During the reporting period, the company achieved operating income of 3 billion 129 million yuan, an increase of 13.09% over the previous year. The main reason is that the business income of Tai Yi is still increased by 351 million 450 thousand yuan, and the net profit attributable to the parent company is 485 million yuan, up 123.94% from last year's growth. The company's holdings of the peak value of cement stocks increased substantially in fair value.

During the reporting period, the main business revenue in Zhejiang was 3 billion 82 million yuan, an increase of 13.25% over the same period last year. The main reason is that the subsidiary company Tai Yi refers to providing internet marketing and marketing data analysis and services to customers. This period increased the main business income by 351 million yuan, accounting for 54.51% of the main business revenue.

Textile sales and processing, affected by industry regulation, environmental protection upgrading, and other small and medium enterprises in the same industry, the company's orders have increased, the main business income of 666 million yuan, an increase of 5.12% over the same period.

During the reporting period, the scale of printing and dyeing production in Zhejiang was 95 million M / year, accounting for less than 0.2% of the country's printing and dyeing capacity, 86 million 840 thousand M in production capacity, 91.41% in actual utilization rate, and 4.83 percentage points lower than the capacity utilization in 2018, mainly due to the severe export situation in the textile and garment industry, resulting in a reduction in the company's orders.

During the reporting period, the gross profit margin of Zhejiang's main business was 15.05%, down 3.95 percentage points from the same period last year, mainly because the gross margin of the information service industry was 13.49%, a decrease of 5.78 percentage points compared with that of the previous year, of which 20.62% of textile sales and processing margins were reduced by 0.11 percentage points compared with the same period last year.

Insiders said that after 2017, stringent environmental protection requirements led to an increase in the upstream cost of printing and dyeing. Jiangsu province launched the "263" action inspection to limit the production capacity of small and medium dyestuff enterprises with serious pollution, and the start-up capacity of leading enterprises was also significantly reduced, 2018 Lianyungang environmental protection inspection led to the closure of a large number of dyestuffs factories in 2004. The price of disperse dyes increased further, and environmental protection became more stringent. On the one hand, the upstream cost increased and the overall profitability of the industry chain affected. On the other hand, it directly promoted the capacity of printing and dyeing and leather making industries, and the leading enterprises were expected to benefit.

Everbright Securities analyst Li Jie pointed out earlier that the textile and garment industry is labor-intensive industries, and the technology content is relatively low. In the early stage of China's economic development, the labor force endowment is relatively high, and the capital is relatively scarce. The development of textile and clothing has congenital advantages, and it also plays an important role in economic growth, employment and export earning. However, as China's economic structure begins to escalate, the labor force is scarce after the aging of the population, and the capital is relatively abundant. The burden of the economic and employment contribution of textile and garment industry is gradually not matched with the burden of resources consumption and environmental pollution, and the importance of industrial transfer and upgrading is highlighted.

? ? The environmental protection requirements of the textile and garment industry will be further improved in the future, and the pressure of environmental protection will increase. The impact of environmental strictness on the textile and garment industry is mainly reflected in two aspects: first, environmental protection will promote the price rise of the upstream industry chain of textile and clothing, and lead to the rise of the overall cost of the textile and garment industry; on the other hand, some of the more polluting sub industries, the government should take environmental protection as the starting point. Its capacity to go, the overall development of the industry will be affected, but the tap is expected to benefit from the improvement of market concentration.

? ? On the whole, Li Jie judged that along with the central and local governments' efforts to clean up backward production capacity, in the long term, the threshold of environmental protection is higher and the environmental protection input is larger, resulting in the withdrawal of small and medium-sized enterprises from the market. The printing and dyeing industry is expected to be further concentrated, and the competition pattern will be optimized. Leading enterprises will enjoy "residual dividends" and the bargaining power will be improved, and the ability to raise prices and transfer costs will be improved. In the short term, enterprises expect to increase their prices after the cost of dye, coal and environmental protection. They can maintain profitability through raising prices, and have the strength to further expand their market share through mergers and acquisitions.

As of December 31, 2019, Zhejiang's fortune's total assets amounted to 4 billion 762 million yuan, up 14.82% from the beginning of the year, and net assets of 2 billion 842 million yuan, up 20.33% from the beginning of the year.

? ? Public information shows that Zhejiang is mainly engaged in the processing and sales of Internet services, textile printing and dyeing, seamless steel tubes. Among them, the textile printing and dyeing business is mainly carried out by the company's subsidiary printing and dyeing companies and textile companies. The company's products are mainly cotton products, the market positioning is high-end, and customers are mainly distributed in Zhejiang, Jiangsu, Guangdong, Hongkong and other regions, among them, textiles. The company has thirty years of professional experience in producing worsted fabrics, and develops, produces and sells high-grade worsted fabrics.

? ? From the perspective of cost scale, printing and dyeing companies and textile companies are the first national water saving benchmarking enterprises. At the same time, the printing and dyeing company is the top 30 in the national dyeing and printing industry, the Ministry of industry's printing and dyeing industry access enterprises, the environmental protection leading enterprise of key industries in Zhejiang Province, and the first batch of green benchmarking enterprises in Shaoxing. "Textile and dyeing industry sustainable development project" best model enterprise. Textile companies were selected as green enterprises in Zhejiang Province, Zhejiang industrial circular economy demonstration enterprises and Shaoxing environmental friendly enterprises.