01 The world’s largest home textile leader has revenue of 2 billion yuan in the first half of the year
Vosges Group Co., Ltd. (hereinafter referred to as “Vosges Shares”) released its annual report for the first half of 2020 on August 10. During the reporting period, the company achieved operating income of 2.02 billion yuan, a year-on-year decrease of 19.91%; net profit attributable to shareholders of listed companies was 145 million yuan, a year-on-year decrease of 44.03% .
In terms of products, the towel series achieved operating income of 1.346 billion yuan, accounting for 66.52% of operating income. Compared with 1.849 billion yuan in the same period last year, it dropped 27.20% year-on-year; The bedding series achieved operating income of 253 million yuan, accounting for 12.54% of the operating income, a decrease of 18.94% compared with 313 million yuan in the same period last year. The thermoelectric products achieved operating income of 220 million yuan, accounting for 10.89% of the operating income, and Compared with 223 million yuan in the same period last year, it decreased by 1.53%.
Looking by region, export sales revenue was 1.109 billion yuan, accounting for 59.15% of operating revenue, a decrease of 29.42% compared with 1.696 billion yuan in the same period last year; domestic sales revenue was 826 million yuan. , accounting for 40.85% of operating income, a decrease of 0.48% compared with 830 million yuan in the same period last year.
In the first half of 2020, faced with the complex foreign trade situation and the impact of the epidemic, Vosges promoted domestic brand building, continued to improve the industrial chain, strengthened internal management work, and maximized Reduce the adverse impact of various factors on the enterprise.
02 Fujian’s knitting leader only earned 9.04 million in the first half of the year
Fujian Fengzhu Textile Technology Co., Ltd. (hereinafter referred to as “Fengzhu Textile”) released its annual report for the first half of 2020 on August 10. During the reporting period, The company achieved operating income of 420 million, a year-on-year decrease of 18.1%; net profit attributable to the parent company was 9.04 million, a year-on-year decrease of 48.9%, and the decline expanded compared with the same period last year.
During the reporting period, Fengzhu Textile’s operating cost was 350 million, a year-on-year decrease of 20.2%, a high With operating income declining at a rate of 18.1%, gross profit margin increased by 2.2%. The expense ratio during the period was 11.1%, an increase of 2.1% from the previous year, which was a drag on the company’s performance.
As for the reasons for the performance changes during the reporting period, Fengzhu Textile explained: The decrease in operating income was mainly due to the impact of the epidemic. The sales revenue of Jiangxi subsidiaries decreased significantly year-on-year; net profit year-on-year The 48.88% decrease was mainly due to the decrease in operating profits; the decrease in operating costs compared with the same period last year was mainly due to the decrease in the company’s sales revenue, but the decrease in operating costs was higher than the decrease in sales revenue, indicating an increase in the company’s gross profit margin. The main reason for the increase in gross profit margin was the reduction in the company’s raw material cost of cotton yarn per ton of cloth and the reduction in the production cost of dyeing and chemicals per ton of cloth.
As of June 30, 2020, Fengzhu Textile’s total assets were 1.699 billion yuan, an increase of 0.64% from the beginning of the period. The increase in total assets was mainly due to the impact of the investment in the Anton Engineering Project . The company’s net assets were 743 million yuan, an increase of 0.12% from the beginning of the period. The increase in net assets was mainly due to the increase in net profits and the impact of dividends.
Public information shows that Fengzhu Textile is one of the top 100 key industrial enterprises in Fujian Province. The company has been selected into the “Top 500 Competitiveness of China’s Textile and Garment Enterprises” and “China’s Knitting Industry Competition” for many consecutive years. “Top 10 Enterprises”, the company’s products are mainly used as fabrics for making various children’s clothing, sportswear, underwear and outerwear. The company is positioned in the mid-to-high-end product market, with its main markets and customers concentrated in Fujian Province and radiating throughout the country. 70-80% of the company’s products are indirectly exported in the form of clothing to markets such as Hong Kong, Taiwan, the Middle East, Europe, the United States, and Japan. </p
