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The textile industry is one of China's pillar industries, providing materials and products for other industries, creating jobs and bringing huge trade surplus to China. In 2016, the revenue of China's textile industry was CNY 7,330.23 billion, up by 4.1% YOY; completed fixed asset investment was CNY 1,283.87 billion, up by 7.8% YOY.
The industry is currently in face of complexities and uncertainties. Increasing environmental protection costs, labor costs and land costs and numerous international trade barriers all pose pressure on the industry. Nevertheless, with a completed industry chain, huge production capacity and cost advantages, China's textile industry is still expected to grow in the coming years.
In this report, CRI analyzes 44 textile enterprises listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
- Earnings per Share
- Book Value per Share (BPS)
- Sales per Share (SPS)
- Net Cash Flow per Share from Operations
- Net Cash Flow per Share (CNY)
- Return on Net Worth
- Net Profit Margin on Total Assets
- Return on Invested Capital (ROIC) (%)
- Gross Profit Margin on Sales (%)
- Net Profit Margin on Sales (%)
- EBIT Margin (%)
- EBITDA Margin (%)
- Debt to Asset Ratio (%)
- Total Asset Turnover (times)
- Cash/Operating Income Received from Sales of Goods or Services
- YOY Growth Rate of Operating Revenue (%)
- YOY Growth Rate of Operating Profit (%)
- YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)
(2) Summary of Income Statement
- Gross Revenue (CNY, million)
- Total Operating Costs (CNY, million)
- Revenue (CNY, million)
- Operating Profit (CNY, million)
- Total Profit (CNY, million)
- Net Profit (CNY, million)
- Net Profit Attributable to Shareholders of Parent Company (CNY, million)
- Non-recurring Items (CNY, million)
- Net Profit Deducting Non-recurring Items (CNY, million)
- R&D Costs (CNY, million)
- Earnings Before Interest and Tax (EBIT) (CNY, million)
- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)
(3) Summary of Balance Sheet
- Liquid Asset (CNY, million)
- Fixed Asset (CNY, million)
- Long-term Equity Investment
- Total Assets (CNY, million)
- Liquid Liability (CNY, million)
- Non-current Liability (CNY, million)
- Total Liability (CNY, million)
- Capital Reserve (CNY, million)
- Surplus Reserve (CNY, million)
- Undistributed Profit (CNY, million)
- Shareholders' Equity (CNY, million)
- Equity Attributable to Shareholders of Parent Company (CNY, million)
(4) Summary of Cash Flow Statement
- Cash Received from Sales of Goods and Services (CNY, million)
- Cash Flow from Operations (CNY, million)
- Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)
- Cash Paid for Investments (CNY, million)
- Cash Flow from Investments (CNY, million)
- Cash Received from Investors (CNY, million)
- Cash Received from Borrowings (CNY, million)
- Cash Flow from Financing (CNY, million)
- Net Increase of Cash and Cash Equivalents (CNY, million)
- Cash and Cash Equivalents, End of Period (CNY, million)
- Depreciation and Amortization (CNY, million)
Companies Mentioned
1 Shijiazhuang Changshan Textile Company Limited (000158.SZ)
2 Lu Thai Textile Co., Ltd. (000726.SZ)
3 Lanzhou Sanmao Industrial Co., Ltd. (000779.SZ)
4 Si Chuan Jinyu Automobile City (Group) Co., Ltd. (000803.SZ)
5 Anhui Huamao Textile Company Limited (000850.SZ)
6 Ningxia Zhongyin Cashmere Co., Ltd. (000982.SZ)
7 Xiake Color Spinning Co., Ltd. (002015.SZ)
8 Zhejiang Mizuda Printing&dyeing Group Co., Ltd. (002034.SZ)
9 Huafu Top Dyed Melange Yarn Co., Ltd. (002042.SZ)
10 Zhonghe Co., Ltd. (002070.SZ)
11 Kairuide Holding Co., Ltd. (002072.SZ)
12 Sunvim Group Co., Ltd. (002083.SZ)
13 Henan Xinye Textile Co., Ltd. (002087.SZ)
14 Hongda High-Tech Holding Co., Ltd. (002144.SZ)
15 Shandong Jining Ruyi Woolen Textile Co., Ltd. (002193.SZ)
16 Luolai Lifestyle Technology Co., Ltd. (002293.SZ)
17 Shenzhen Fuanna Bedding and Furnishing Co., Ltd. (002327.SZ)
18 Jiangsu Lianfa Textile Co., Ltd. (002394.SZ)
19 Hunan Mendale Hometextile Co., Ltd. (002397.SZ)
20 Shanghai Challenge Textile Co., Ltd. (002486.SZ)
21 Dohia Group Co., Ltd. (002761.SZ)
22 ShenZhen HuiJie Group Co., Ltd. (002763.SZ)
23 Zhejiang Furun Co., Ltd. (600070.SH)
24 Sichuan Langsha Holding Ltd. (600137.SH)
25 Ningbo Veken Elite Group Co., Ltd. (600152.SH)
26 Hunan Huasheng Co., Ltd. (600156.SH)
27 Jiangsu Sunshine Co., Ltd. (600220.SH)
28 Zhejiang Golden Eagle Co., Ltd. (600232.SH)
29 Jiangsu Sanfangxiang Industry Co., Ltd. (600370.SH)
30 Huafang Co., Ltd. (600448.SH)
31 Fujian Fynex Textile Science & Technology Co., Ltd. (600493.SH)
32 Black Peony (Group) Co., Ltd. (600510.SH)
33 Shanghai Dragon Corp. (600630.SH)
34 Shanghai Sanmao Enterprise (Group) Co., Ltd. (600689.SH)
35 Shanghai Haixin Group Co., Ltd. (600851.SH)36 Zhejiang Hangmin Co., Ltd. (600987.SH)
37 Yiwu Huading Nylon Co., Ltd. (601113.SH)
38 Tongkun Group Co., Ltd. (601233.SH)
39 Bros Eastern Co., Ltd. (601339.SH)
40 Jiangsu Lugang Culture Co., Ltd. (601599.SH)
41 HangZhou Nbond Nonwovens Co., Ltd. (603238.SH)
42 ZheJiang Jasan Holding Group Co., Ltd. (603558.SH)
43 ZheJiang KangLongDa Special Protection Technology Co., Ltd. (603665.SH)
44 Zhejiang Xinao Textiles Inc. (603889.SH)