Industry Stock Market: Pay Attention To The Financial Performance Of 50 Textile And Clothing Listed Companies In 2021

As of March 11, 2022, the 2021 performance express of 50 textile and garment listed companies in Shanghai, Shenzhen and Beijing, which the reporter of China Textile News paid close attention to, has been disclosed. The performance forecast shows that since 2021, the textile industry has gradually recovered after the normalization of the epidemic situation, and the prosperity degree of the subdivided industries is obviously differentiated. It can be said that the achievements have not come easily.

Net profit of 8 companies increased more than twice in advance

According to the type of performance forecast, there are 30 enterprises with performance increase in advance, profit in advance and loss turning into profit, and the proportion of companies reporting good news is 60%; There are 20 enterprises in total.

According to the statistics of the expected net profit growth of 24 companies, the growth rate of net profit is more than 50%. Among them, the net profit of 8 companies increased by more than 200%, including Shanshan shares, Shenma shares, Ordos, Taihua new materials, Bailong Orient, xinfengming, Binhua and Shanghai Petrochemical. Among them, the highest increase of net profit attributable to shareholders of listed companies is about 2146% ~ 2356%, and the lowest is about 207% ~ 239%; The other 13 companies include: Shandong fiberglass, Tongkun, Wanhua chemical, Sanyou chemical, Fengzhu textile, Jiansheng group, Jinji, Xinao, Fuchun dyeing and weaving, DAHAO technology, mugaodi, Jake and Xinhua brocade. Among them, the highest increase of net profit attributable to shareholders of listed companies is about 195.11% ~ 246.43%, and the minimum increase is about 52%.

Looking back on the textile and clothing industry in 2021, some securities analysis institutions believe that the trend of brand clothing in 2021 is obvious in the first half of the year and then low in the second half of the year. The export manufacturing has benefited from the recovery of foreign demand and the improvement of its own competitiveness, maintaining a rapid growth. In the short term, it will still be a bright spot in the growth of the textile and clothing industry.

Tap potential and restore growth

Although affected by the continuation of the global new crown pneumonia epidemic, rising prices of upstream raw materials, downward pressure on consumption, unilateralism and other superimposed factors, many enterprises still tap their own potential and achieve growth recovery by improving the company's production efficiency, increasing the utilization rate of production capacity, expanding online + offline channels, and incorporating newly acquired companies into statements.

Shenma shares, a major domestic nylon 66 manufacturer, recently disclosed its performance forecast for 2021. The company estimates that the net profit attributable to shareholders of listed companies will be 2.054 billion yuan to 2.271 billion yuan during the reporting period, which will increase by 1.684 billion yuan to 1.9 billion yuan compared with the same period of last year, with a year-on-year increase of 454.41% - 512.78%.

Shenma Co., Ltd. explained that the main reason for the increase in performance during the reporting period was that the prices of the company's main products, such as cord fabric, industrial yarn and chips, rose sharply in 2021 compared with the same period of the same period, resulting in a substantial increase in its profits compared with the same period.

With the "innovative products to increase revenue" and "conventional products to reduce costs" as the two wheel drive measures, during the reporting period, Taihua new materials gave full play to the advantages of the whole industry chain, actively promoted the development of green, functional, differentiated and personalized products, continuously optimized the product structure, strengthened market development, and strengthened cost control, resulting in the gradual emergence of the company's scale and brand effect, At the same time, thanks to the "intelligent annual output of 120000 tons of high-performance environmental protection nylon fiber project" gradually put into operation, the company's main business income and gross profit rate increased, which greatly increased the company's net profit.

Blum Oriental has been deeply engaged in the color spinning industry for many years. It is a leading enterprise in the color spinning industry. It has the advantages of customer resources, production capacity layout, process technology, etc., and has a stable leading position in the same industry. According to the performance forecast, the net profit attributable to shareholders of listed companies is expected to reach 1.33-1.39 billion yuan, an increase of 263% - 280% over the previous year. The main reason for the performance forecast is that the company's overall production capacity will return to the pre epidemic level in 2021, the capacity utilization rate will be improved, the orders will increase, and the main business profit will increase.

The main reason for the performance of Tongkun shares is that during the reporting period, the concentration of polyester filament industry continued to improve, the prosperity gradually rebounded, the downstream textile terminal consumption continued to recover, and the production capacity of fiber products with higher added value such as differentiation and functionality of the company was enlarged; After the "40 million tons refining and chemical integration project" project of Zhejiang Petrochemical Co., Ltd., a joint-stock company of the company, has been put into operation, the production of each unit has been progressing smoothly, the operating load has been steadily increased, and the economic benefits have been remarkable. The overall profitability of the company has increased significantly compared with the previous year.

Xinda securities research report pointed out that the overall demand of the textile industry is under pressure, but some "specialized and special new" represent the positioning of enterprises. The demand growth of the subdivision industry is expected to be relatively good. As the industry leader, the orders are more abundant, and the performance of the top quality companies has the opportunity to exceed expectations.

Compared with the same period of last year, the net profit attributable to shareholders of the listed company was 220 million yuan during the performance reporting period of Jinhong group, turning losses into profits. In the same period of last year, the company's operating profit decreased due to the impact of Xinguan epidemic. The epidemic factors were basically eliminated in this period, and the offline channel business showed a comprehensive recovery growth. After adjustment and integration, teenie weenie brand regained its endogenous growth momentum, significantly improved its brand power, commodity power and retail power, and led to sustained growth in performance. The company's strategy of promoting digital transformation has achieved remarkable results. The online channel, especially the live broadcasting business of the tremolo platform, has grown rapidly, and the proportion of online business has increased significantly.

Similarly, Shenda shares, which are expected to turn losses into profits, have a net profit of 30 million yuan to 45 million yuan belonging to the shareholders of the listed company during the reporting period. One of the reasons for the performance change in the current period is that in 2020, the transfer of 100% equity of Shanghai No.7 cotton textile mill Co., Ltd. and 100% equity of Shanghai Lida Garment Co., Ltd. will generate a total investment income of about RMB 200 million to RMB 800 million; In 2021, the company transferred 100% equity of eryin company and obtained investment income of about 400 million yuan, which was about 127 million yuan higher than the investment income obtained by transferring subsidiaries in 2020.

Clothing sector performance decline

Of course, there are still many enterprises affected by the continuation of the global new pneumonia epidemic, the overall consumption environment, the continuous rise in labor costs and industrial restructuring and other factors. Industry insiders believe that textile plate leading enterprises have a high degree of prosperity. Part of the brand clothing plate into the fourth quarter, the lack of catalyst terminal data, the annual business performance showed a downward trend.

From the perspective of brand clothing, the net profit attributable to shareholders of listed companies during the reporting period of anzheng fashion will decrease by about 100 million to 136 million yuan compared with the same period of last year, with a year-on-year decrease of 52.92% - 68.61%. First, the company's clothing sector sales declined in the fourth quarter, net profit after deducting non return to the parent decreased by about 28 million yuan compared with the same period; Second, the fourth quarter performance of agency business continued to decline, affecting the current profit. Under the influence of the overall consumption environment and organizational change and adjustment, Shanghai Lishang Information Technology Co., Ltd. has significantly decreased the business income and profit of acting operation, and the net profit attributable to shareholders of listed companies decreased by about 46 million yuan in the whole year. In addition, in 2021, Lichang information optimized and adjusted some cooperative brands, which also led to a certain decline in business performance.

Due to the influence of external epidemic situation and tight cash flow of the company, the company continued to close the offline loss making stores. Due to the influence of the operating loss of the closed stores and the one-time confirmation of decoration amortization and withdrawal expenses, the company lost about 110 million yuan. In addition, due to the debt interest of financial institutions and overdue penalty interest, as well as litigation cases that have not been completed by the end of the reporting period, due to the tight cash flow situation, the company's new product purchasing decreased, the offline channel mainly sold goods in the past quarter, the sales gross profit rate decreased year on year, and the inventory age of the previous quarter in the company's inventory structure at the end of the period increased.

One of the main reasons for the decrease of GM's performance is the tight international container position, the rising sea freight and the fluctuation of RMB exchange rate.

In 2021, Tianchuang fashion will reduce the net profit attributable to the shareholders of the listed company by 57.14-85.71 million yuan. The company has two main business sectors, one is the integrated operation of multi brand whole industry chain of fashion shoes and clothing business; Second, as well as mobile internet marketing business, mainly with the company's wholly-owned subsidiary Xiaozi technology and its subsidiaries as the main business. The announcement said that in recent years, whether it is offline entity business, online internet economic business, etc., the stock market competition and game has become increasingly intense.

According to Cinda Securities Research Report, in the long run, China's clothing industry needs to extend to high value-added marketing and design links, and high-quality domestic brands will promote industrial transformation and upgrading. In this process, back to the clothing products themselves, we should be optimistic about the competitive brands of the products, especially the brands with cost performance advantages of public leisure clothing, functional advantages of sports clothing and down jacket, and design advantages of high-end clothing.