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The 500 Top Chinese Textile Companies Were 3 Million 10 Thousand Of Ma Jianrong'S Stock, And Millions Of Spindles Were Produced In Vietnam During The Year.

2020/5/13 21:35:00 2

Baron East

Bailong Oriental Limited by Share Ltd (hereinafter referred to as "Bailong Orient") recently announced that due to the needs of business development, the company rents to the affiliated Ningbo nine cattle Cci Capital Ltd (hereinafter referred to as "Ningbo nine cattle"), which is located at 1301 room of Xizu Road, Shanghai 1301 (building area 112.8 Square), 1302 rooms (121.32 square feet of building area) for the staff quarters of the Shanghai Office of the company. The lease term is 3 years.

Referring to the rental price of similar sections in Shanghai, the two sides agreed that the monthly rent is 18000 yuan, and the rent payment is paid annually. During the lease period, the water, electricity, gas and cable TV charges incurred by the house will be borne by the charterer Limited by Share Ltd. The property management fee is borne by the lessor Ningbo nine cattle.

Yang Weixin, one of the actual controllers of the nine cattle Department of Ningbo, Hong Pan, the director and deputy general manager of the company directly under the control of Mr. Hong Pan, is the supervisor of the nine oxen in Ningbo. According to the relevant provisions of the Listing Rules of the stock exchange of the stock exchange, the transaction constitutes a related transaction.

According to public information, Baron East is one of the leading enterprises in the field of color spinning in China. The company was founded in 2004. It was founded in 2004. It was founded in 1993. In 1998, the company began to carry out fiber dyeing and cotton spinning business through horizontal acquisitions. In 2003, the company began to expand upstream, carry out cotton purchase, cotton production and processing business, 2013. The company transferred shares of six Xinjiang subsidiaries and planned to put 500 thousand ingots into Vietnam. During the same period, the company upgraded its technology and developed EcoFRESHYarn products in collaboration with Dow chemistry. In 2017, the Bailong B yarn project started construction. By the end of 2018, the total capacity reached 1 million 400 thousand spindles. The company took the lead in capacity layout in Vietnam. At present, Vietnam's total capacity has already occupied the company. About half of the total capacity.

According to the financial report, in 2019, the business income of Baron East was 6 billion 222 million yuan, an increase of 3.73% over the same period last year, and net profit of 298 million yuan, a decrease of 31.93% over the same period last year. During the reporting period, the gross profit margin of the company was 15.7%, down 3.8 percentage points from the same period last year, and the net interest rate was 4.8%, down 2.5 percentage points from the same period last year.

From the perspective of business structure, non colored spinning is the main source of revenue for Baron East. Its operating income is 4 billion 240 million, revenue is 73.2%, gross margin is 20.2%.

According to the products, the cotton yarn income during the reporting period was 4 billion 239 million yuan, down 10.81% from the same period, accounting for 68.1%; non colored spinning income was 1 billion 551 million yuan, an increase of 58.78% over the previous year, accounting for 24.9%; other business income 431 million yuan, an increase of 60.93% over the previous year, accounting for 6.9%.

Regionally, during the reporting period, the overseas business of Baron East increased year by year, and overseas income increased by 3 billion 92 million yuan, an increase of 8.69% over the previous year, accounting for 49.7%. China's income was 2 billion 699 million yuan, a decrease of 6.46% over the previous year, accounting for 43.4%, while the income of other regions was 431 million yuan, a decrease of 60.93% over the previous year, accounting for 6.9%.

During the reporting period, due to the expansion of factory capacity in Vietnam, the sales volume of yarn increased more than that of the same year. The proportion of yarn sales increased, which led to sales growth, while the main business revenue increased little. The gross profit margin of main business decreased as the gross profit of the yarn was relatively low.

The first textile network reporter learned here that there are 1 million 600 thousand spindles in the eastern part of Baron, of which Vietnam is about 70:90. Domestic capacity is distributed in Jiangsu Huaian, Zhejiang Ningbo, Shandong Caoxian, Zoucheng, Hebei south, and Foshan and Shenzhen. Vietnam is divided into four regions: A, B, C and D. The current A area is 500 thousand, B area 200 thousand, CD area 200 thousand, of which 200 thousand C spindle production capacity has been put into operation in C and D workshop in 2019. It is estimated that in 2020, 100 thousand spindles will be put into operation in B area, forming the total scale of 1 million spindles in Vietnam production base.

Up to now, the production capacity of 200 thousand spindles of C and D workshop in Vietnam has been put into production according to plan. The total production capacity of Vietnam Bailong is 900 thousand spindles, accounting for 60% of the total capacity of the company. During the reporting period, Vietnam's Baron completed its business income of 3 billion 224 million yuan, an increase of 30.90% over last year, and a net profit of 212 million yuan, down 21.77% from the same period last year.

Ding Shijie, an analyst at Guoxin Securities, said that under the influence of trade friction, the domestic capacity of the Baron declined, resulting in the pressure of profit margins. The overseas production capacity increased the proportion of yarn and yarn production, which affected the overall profit margin. This year, the epidemic still poses challenges to the operation. However, judging from the observation, the leading position and the profitability advantage of the continuous product innovation of the Bailong orient color spinning lead to And overseas capacity expansion and Capacity Upgrading Measures conform to the global layout and rapid response trend of the textile industry chain, and the long-term profit space has great potential for improvement.

Baron east also said that the company will continue to promote new product development, continuous technological transformation input, stabilize product quality, reduce production costs, ensure quality stability, and strive to achieve rapid response. At the same time, we should further adjust and improve the product structure of Vietnam Bailong, enrich product lines, actively adhere to brand and market demand, and expand the use of yarn.

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