Beidou Navigation Opens China'S Top 100 Garment Enterprises To Participate In Core Technology Research

On July 31, the beidou-3 global satellite navigation system was officially opened, which means that this satellite constellation composed of 30 satellites independently constructed by China has become another system providing high-quality navigation and positioning services for the world after GPS of the United States.

Beidou satellite navigation system (BDS) is a global positioning and communication system developed by China. Its application fields are divided into military market, industry market and consumer market according to the users. Among them, military market and industrial market are the most professional

Zhejiang Weixing Industrial Development Co., Ltd. (hereinafter referred to as "Weixing"), as the largest and most complete clothing accessories leader in China, has established strategic partnership with famous domestic clothing brands such as bosden, Hailan home, SEMAR and Anta, as well as international famous brand enterprises such as H & M, Nike, Adidas, Decathlon and Armani It has completed the acquisition of 51% equity of Zoje era. Zoje era is a private military enterprise engaged in providing relevant core components for the military in terms of accurate strike positioning and other aspects with Beidou navigation as the core. In 2017, the performance counter bet with Zoje era expired, and the revenue of nearly 200 million yuan was realized in that year.

According to the financial report, Weixing Co., Ltd. has won many honors, such as "national intellectual property demonstration enterprise", "China top 100 light industry enterprises" and "China top 100 garment industry enterprises". Its products have been listed in the national torch plan demonstration project for many times. The holding subsidiary, Zoje times, is specialized in the research and development, production and technical service of high-end military satellite navigation products The products include navigation terminal equipment and core components of Beidou satellite navigation system, which are mainly used in wireless communication and navigation system, airport defense satellite positioning system, guidance radar, early warning aircraft, UAV, air to ground missile, guided bomb and civil navigation. In the era of Zoje, satellite navigation products are manufactured for the military, the subordinate enterprises of large military industrial enterprise groups and scientific research institutes through direct sales.

Zoje era has been focusing on the application of Beidou satellite navigation technology in the field of national defense. It has technical and product advantages in high-sensitivity rapid acquisition of military code, resistance to high-power and fast time-varying interference, and high dynamic and stable tracking. In 2019, the company has made great efforts to introduce high-level talents in the field of "high-tech satellite navigation" and "high-tech generation" products. Meanwhile, the company has made great efforts to complete the "three-dimensional" era of "smart satellite navigation" in the "three-dimensional" era.

According to the financial report, in 2019, Weixing shares realized operating revenue of 2.732 billion yuan, an increase of 0.77% over the same period of last year; total profit of 344 million yuan, a decrease of 13.74% over the same period of last year; and the net profit attributable to shareholders of listed companies was 291 million yuan, a decrease of 6.33% compared with the same period of last year.

During the reporting period, Weixing's satellite navigation business decreased by 90.90% compared with the same period of last year. This was mainly due to the fact that China's satellite navigation system is in the process of upgrading from the second generation to the third generation technology, coupled with the cyclical nature of the industry and the reform of the military system, etc., during the reporting period, it was mainly due to product upgrading and new product reserve R & D, and a large reduction in orders.

The net income per share of Weixing decreased by 21418 million yuan in the same quarter as that in 2020, and the net income per share decreased by 1.203 billion yuan. During the reporting period, the company's gross profit rate was 35%, with a year-on-year decrease of 0.8 percentage points and a net profit rate of 5.7%, with a year-on-year increase of 2.2 percentage points.

Weixing shares said that from the rough statistics of orders in the first half of 2020, the decline of performance indicators is gradually narrowing. In terms of regional markets, the international market is still better than the domestic market. In terms of product categories, zippers are better than buttons, which is different from the previous two years. It should be related to the impact of epidemic situation on the demand for zippers of protective clothing. Another reason is that metal buttons have declined to a certain extent, mainly due to the impact of the epidemic situation and the reduction of orders for metal buttons of foreign brand customers.

According to the rough statistics of orders in the first half of the year, the decline of performance indicators of Weixing shares is gradually narrowing. From the perspective of regional markets, the international market is still better than the domestic market. In terms of product categories, zippers are better than buttons, which is different from the previous two years. It should be related to the impact of the epidemic on the demand for zippers of protective clothing. Another reason is that metal buttons have declined to a certain extent, mainly due to the impact of the epidemic situation and the reduction of orders for metal buttons of foreign brand customers.