Zhejiang Textile A-Share Listed Companies Expand Capacity And Add Two Shaoxing Enterprises

Zhejiang textile enterprises' capital market has expanded again!

On January 28, Titan (003036) was listed on Shenzhen stock exchange through cloud broadcast; on January 29, Yingfeng stock (605055) was listed on Shanghai Stock Exchange.

Zhejiang Yingfeng Technology Co., Ltd. is specialized in textile printing and dyeing processing business. It is committed to providing professional, integrated and personalized comprehensive printing and dyeing services, mainly including knitting fabric printing and dyeing and woven fabric printing and dyeing, and is one of the top 30 domestic printing and dyeing enterprises.

In 2019, Zhejiang Yingfeng Technology Co., Ltd. achieved a revenue of 903.827 million yuan and a net profit of 113.9819 million yuan. The company issued 80 million shares of shares at the price of 4.82 yuan per share. The total amount of new shares raised was 385.6 million yuan, and the total capital stock after the issuance was 44, It plans to raise 327 million yuan from the public and invest in the "131 million meters high-grade fabric intelligent green printing and dyeing project" and "innovative R & D test center construction project".

As one of the main domestic textile machinery manufacturing enterprises, Zhejiang Titan Co., Ltd. is committed to creating high-end textile machinery products to achieve import substitution. The main products include spinning equipment, weaving equipment and printing and dyeing equipment.

In 2019, Zhejiang Titan Co., Ltd. achieved a revenue of 583 million yuan and a net profit of 59.4043 million yuan. The company issued 54 million shares, of which 54 million new shares were issued at a price of 5.72 yuan per share. The new shares raised 309 million yuan. After the issuance, the total capital stock was 216 million shares. The company plans to raise 250 million yuan from the public to invest in "intelligent textile machinery equipment manufacturing base construction project", "marketing network information platform project" and "supplementary working capital project".

It is understood that the two newly listed enterprises are from Shaoxing City. As the largest pillar industry in Shaoxing, the scale of textile industry in Shaoxing accounts for 28% of the total industrial economy of Shaoxing, accounting for about 1 / 3 of the total scale of textile industry in the whole province. In 2019, there are nearly 70000 textile enterprises and family industrial units in Shaoxing, including 1862 textile Enterprises above the designated scale.

At present, China's textile industry has formed the largest and most complete industrial system in the world, and the total amount of textile fiber processing has accounted for half of the world. In 2020, China's textile industry will accelerate the pace of the capital market. A total of 18 textile related enterprises will be listed in A-share IPO, including 7 enterprises in Zhejiang Province.

According to incomplete statistics, up to now, there are more than 40 textile listed enterprises in Zhejiang Province. From the perspective of regional distribution, it is mainly concentrated in Shaoxing, Jiaxing, Hangzhou, Wenzhou and Ningbo, showing distinct characteristics of block economy. Among them, Ningbo and Wenzhou enterprises are mainly concentrated in the downstream consumption end of the industrial chain. The well-known brands are Youngor and Senma. Jiaxing is mainly engaged in the production end of various textile fibers, such as Jiaxin silk, Tongkun shares and other sub track leading enterprises, while Shaoxing enterprises are distributed in all aspects of processing, such as Yingfeng shares and Titan shares, which are newly listed.