In 2020, The Total Market Value Of Textile And Garment Industry Will Not Shrink, But Rise, And The Market Value Of Shanghai And Shenzhen Will Increase By 40%

As the leader of the industry, the development of textile listed enterprises has been concerned. Recently, under the guidance of China Textile Planning Research Association and China Textile Construction Planning Institute, the 2021 annual meeting of directors and secretaries alliance of Listed Companies in China's textile and garment industry was held in the form of online and offline combination Feng dehu, President of China textile construction and Planning Institute and chairman of the Board Secretary alliance of Listed Companies in China's textile and garment industry, wrote the development report of Listed Companies in Shanghai and Shenzhen stock markets in 2020 (hereinafter referred to as the development report), and discussed the development, operation and comprehensive evaluation results of 192 listed companies in 2020.

Feng dehu pointed out that by the end of 2020, the total market value of Textile Listed Companies in Shanghai and Shenzhen stock exchanges was about 1965.878 billion yuan, an increase of 40.67% compared with that at the end of 2019, and the annual growth rate increased by 11.19%. The top three companies in terms of market value are Hengli petrochemical, Rongsheng petrochemical and Dongfang Yuhong, with market value of 1968.84 billion yuan, 186.377 billion yuan and 911.48 billion yuan respectively.

192 textile listed companies accounted for 2.33% of the total market value in Shanghai and Shenzhen stock markets, an increase of 0.28% compared with the total market value at the end of 2019. The average market value (unit market value) of each listed company increased significantly from RMB 7.941 billion in 2019 to RMB 10.239 billion (an increase of 28.94%). There are 42 listed companies with a market value of more than 10 billion yuan, including 2 textile listed companies with a market value of more than 100 billion yuan, 12 with a market value of more than 30 billion yuan, and 28 companies with a market value between 10 billion yuan and 30 billion yuan. Companies with high market value are mainly distributed in five sectors: chemical fiber manufacturing, clothing, textile machinery, industrial textiles and household textiles.

Feng dehu said that although the whole market will bear the impact of the new crown pneumonia epidemic in 2020, the total market value of the textile and clothing industry plate will show a trend of rising instead of shrinking. More and more investors and institutions are concerned about and optimistic about the textile sector.

In 2020, the initial IPO of textile and garment industry in Shanghai and Shenzhen reached 19.6 billion yuan, accounting for 4.15% of the annual IPO amount of Shanghai and Shenzhen A shares; Ten textile listed companies raised 26.601 billion yuan through private placement, an increase of 23.74% over the previous year; Ten textile listed companies raised 9.476 billion yuan through convertible bond issuance, an increase of 316.89% over the previous year.

According to the statistical data of the annual reports of listed companies, in 2020, 192 textile listed companies achieved a total operating revenue of 1278.251 billion yuan (basically the same as that of the previous year). The annual revenue accounted for 28.29% of the total amount of Enterprises above Designated Size in the whole industry (increased by 2.44 percentage points over the previous year). The total profit of the whole year was 100.179 billion yuan (up 22.39% year-on-year), accounting for 48.52% of the total amount of Enterprises above Designated Size in the whole industry (an increase of 20.23 percentage points over the previous year).

In 2020, the average net profit rate of textile listed companies is 5.90%; The average gross profit margin of sales was 27.01%, and 89 companies achieved a year-on-year increase in net profit, and the profit situation was polarized.

Xia Lingmin, vice president of China Textile Industry Federation, believes that in 2020, the performance of textile listed companies is relatively prominent, and the process and performance of listed companies before and after the epidemic situation are consistent with the overall trend of the industry.

How to make progress steadily in 2021? Xia Lingmin believes that "in the future, textile enterprises should do well in brand and science and technology, pay attention to green development and pay attention to talent team. The youth and the younger generation are leading the consumption fashion and trend, leading the future development. It is very important for enterprises in the consumer goods industry to pay attention to the consumption of young people. Only when we understand them, understand them, analyze and study market changes, and grasp the market trend, can we make a product more right. In terms of technological progress, listed companies should also play a role in promoting the digitalization and intellectualization of the industry and enhancing the competitiveness of the industry. "