Recently, Fuchun Dyeing and Weaving (605189, SH), a leading domestic yarn manufacturer, successfully landed on the main board market of the Shanghai Stock Exchange. Since its establishment in 2002, the company specializes in yarn dyeing and finishing business, through the insistence on research and development and innovation, its product quality and service capabilities continue to increase, the independent brand "Tianwaitian" has established a high visibility, the company's revenue scale and profitability have also been continuously improved.
The "14th Five-Year Plan" development outline of the textile industry requires that the development of the textile industry maintain a reasonable range, and the quality and efficiency are significantly improved. During the "14th Five-Year Plan" period, the average annual growth rate of the industrial added value of textile enterprises above designated size remained within a reasonable range; the total amount of fiber processing in the textile industry and the global share of textile and garment exports remained basically stable; and the profit margin of the textile industry remained at a good level.
The main business of Fuchun dyeing and weaving is the research and development, production and sales of color yarn, which is an important part of textile production, inheriting from top to bottom, and playing a role in connecting fiber raw materials and various fabrics.
On the evening of July 9, Fuchun Dyeing and Weaving released the 2021 semi-annual performance forecast, and it is expected that the net profit attributable to the shareholders of the listed company in the half year of 2021 will increase by 76.5062 million yuan to 81.5062 million yuan compared with the same period of the previous year, an increase of 312.35% to 332.76% year-on-year. It is expected that the net profit attributable to the shareholders of the listed company in the half year of 2021, net of non-recurring gains and losses, will increase by 76.2399 million yuan to 81.2399 million yuan compared with the same period of the previous year, an increase of 334.97% to 356.94% year-on-year.
The leading manufacturer of color yarn in China
With the steady development of China's textile industry, the main business income of enterprises above designated size in China's textile industry has increased from 3224.114 billion yuan in 2012 to 3611.443 billion yuan in 2017, with a compound annual growth rate of 2.29%. The fixed asset investment in the textile industry increased from 397.176 billion yuan in 2012 to 693.614 billion yuan in 2017, with a compound annual growth rate of 11.80%6. Although the growth rate has slowed down in recent years, it has generally maintained a growth trend.
Printing and dyeing processing is an important process of textile production, not only from top to bottom, playing a role in connecting fiber raw materials and various fabrics, but also with dye additives, textile machinery, energy conservation and environmental protection, design art and other fields There are many intersections, is an important link to improve textile quality and added value, is an important technical support for high value-added clothing fabrics, home textiles and industrial textiles, and is also a comprehensive embodiment of the development and technical level of the textile industry.
As one of the leading yarn manufacturers in China, Fuchun Dyeing and Weaving's main business is the research and development, production and sales of color yarn. Since its inception, the company adheres to the tenet of science and technology, green, professional and fashion, takes the market trend and customer demand as the guide, focuses on the independent brand "Tianwaitian", relies on the independent development, covering more than 600 colors of Fuchun standard color card, through the "warehousing production-based, order-based production as a supplement" business model, is committed to providing customers with high-quality color yarn series products.
Through global procurement of high-quality raw materials, the introduction of advanced production, environmental protection equipment and information management system at home and abroad, independent research and development of new dyeing and finishing technologies and new processes, and constantly innovate product quality and improve service capabilities, the company has won wide praise and affirmation from customers.
From 2018 to 2020, the main indicators such as the output, sales volume and revenue of Fuchun dyeing and weaving yarn have increased year by year, and the industry position has been continuously consolidated, and the market share is high. The company was selected into the list of the top 10 main business income of China's dyed fabric industry in 2017, 2018 and 2019 released by the China Cotton Textile Industry Association and the list of the top 100 competitive enterprises in the cotton textile industry in 2017 and 2018, and in 2019 and 2020, the company was selected into the list of China's top 30 printing and dyeing enterprises released by the China Printing and Dyeing Industry Association, and was rated by the Ministry of Industry and Information Technology as an enterprise that meets the "Printing and Dyeing Industry Specification Conditions (2017 Edition)".
At present, the company has a number of cylinder yarn production lines, the annual output of 30,000 tons of high-quality cylinder yarn construction project is under orderly construction, with the new projects successively put into production, it is expected that the company's future production and marketing scale will be further expanded.
Fuchun dyeing and weaving in the deep ploughing of production and operation at the same time, attaches great importance to the construction of the company's own brand. In 2018, the company's "Tianwaitian" trademark was recognized as "China's Well-known Trademark", which further enhanced the company's brand awareness and influence.
With a good market reputation and high-quality brand image, the company has accumulated a certain scale of high-quality customers, such as Mona, Lanza, Nair and so on. At present, there are more than 1,000 customers with long-term cooperative relations with the company. On the one hand, rich and high-quality customer resources have laid the foundation for the company's future development, on the other hand, the company can timely understand the needs of downstream customers, grasp the latest trends and development trends of downstream industry development, so as to formulate product development plans and enterprise development strategies corresponding to them, and continue to maintain competitive advantages.
Focus on development and innovation
The "14th Five-Year Plan" development outline of the textile industry requires strengthening the support capacity of scientific and technological innovation strategy, deeply implementing the innovation-driven development strategy, and creating an original technology source for the textile industry. Focus on the development and innovation of technical equipment in four areas, such as new fiber materials, textile green manufacturing, advanced textile products, textile intelligent manufacturing and equipment, make up for the shortcomings of the industrial chain, realize the safety and autonomy of the industrial chain, strengthen the key technological advantages of the industry, pay attention to original innovation, increase investment in basic research, and drive the advanced manufacturing, intelligent manufacturing and green manufacturing capabilities of the whole industry chain to gradually reach the international advanced level.
Fuchun Dyeing and Weaving is a national high-tech enterprise, with "Provincial Certified Enterprise Technology Center", and has won 17 high-tech products in Anhui Province, 2 new products in Anhui Province, and 1 third prize in Science and Technology in Anhui Province. As of the date of signing of the company's prospectus, the company has a total of 68 patents, including 28 invention patents.
In addition, the company attaches great importance to brand building and product quality management, the company's "Tianwaitian" trademark has passed the ISO9001 quality management system certification, ISO14001 environmental management system certification, OHSAS18001 occupational health and safety management system certification, global organic textile qualification certification (GOTS) and OEKO-TEX Standard 100 certification, and won the "China Quality Credit AAA level unit" "National Quality Brand Integrity Trustworthy Enterprise" and other honorary titles.
The company was selected into the list of the top 10 main business income of China's dyed fabric industry in 2017, 2018 and 2019 released by the China Cotton Textile Industry Association and the list of the top 100 competitive enterprises in the cotton textile industry in 2017 and 2018, and in 2019 and 2020, the company was selected into the list of China's top 30 printing and dyeing enterprises released by the China Printing and Dyeing Industry Association, and was rated by the Ministry of Industry and Information Technology as an enterprise that meets the "Printing and Dyeing Industry Specification Conditions (2017 Edition)".
Since its inception, Fuchun dyeing and weaving has always attached importance to scientific and technological innovation, focusing on the development and application of yarn dyeing and finishing related technologies and processes, through independent research and development and the introduction of digestion and other ways, focusing on dyeing technology, energy saving and emission reduction, intelligent manufacturing and other aspects of a series of competitive technical achievements, effectively supporting the company's rapid and healthy development.
Fuchun Dyeing and Weaving said that the company pays attention to the development and innovation of new products, and has set up a special R & D center to comprehensively promote the company's technological progress, continuously adjust and optimize the product structure, and promote product upgrading and development towards multi-level and professional directions. The R&D center carries out high-tech and product research according to market prospects and customer needs, and is responsible for market research, market forecasting, preparation of project feasibility study reports and medium- and long-term strategic development planning of development projects.
The company's R&D team is mainly responsible for the development of new products, the application of new technologies, new processes and patent research and application. The company intends to invest in the construction of R&D center project with the raised funds, and the company's technical reserves and R&D strength will be further enhanced after the completion of the project.
The R&D center is mainly responsible for product development, research and development, research and development of new processes, collection and analysis of domestic and foreign technical information related to the company, responsible for close cooperation with domestic universities and research institutes, and maintaining research and tracking of technology trends in the industry.
In July 2018, the company signed the "Industry-University-Research Cooperation Agreement" and the "Wuhu Fuchun Dyeing and Weaving Co., Ltd. and Wuhan Textile University to jointly build a "Tube Yarn Dyeing Engineering Research Center"" agreement with Wuhan Textile University. Wuhan Textile University is the only high-level characteristic university named after textiles in the country, the school discipline majors run through the entire textile industry chain, the company and the school to strengthen cooperation, common development, for the company's future technology development and talent reserves to lay a solid foundation.
In January 2020, the company signed the "Technology Development (Cooperation) Contract" with Anhui Polytechnic University, and the two sides cooperated in the research and development of efficient physical decolorization treatment technology for cylinder yarn printing and dyeing wastewater.
Environmental protection is the survival line and vitality
The dyeing and weaving industry is a more traditional industry, which previously had problems such as high pollution, high energy consumption, low initial entry threshold and low industry concentration. As the government pays more and more attention to ecological environmental protection, the environmental protection supervision of the printing and dyeing industry has become stricter, and the operating standards of printing and dyeing enterprises have been tightened, which has undoubtedly raised the entry threshold of this industry.
The "14th Five-Year Plan" development outline of the textile industry pointed out that at the end of the "14th Five-Year Plan" period, the energy consumption structure of the textile industry was further optimized, the efficiency of energy and water resource utilization was further improved, the energy consumption and carbon dioxide emissions per unit of industrial added value were reduced by 13.5% and 18% respectively, and the water reuse rate of the printing and dyeing industry was increased to more than 45%. The output of biodegradable materials and green fibers (including bio-based, recycled and liquid-colored chemical fibers) increased by more than 10% per year, and the annual processing volume of recycled fibers accounted for 15% of the total fiber processing.
Fuchun Dyeing and Weaving always adheres to the concept that environmental protection is the survival line and vitality, attaches great importance to environmental protection work, specially sets up an environmental protection and safety department to be responsible for the company's environmental protection work as a whole, cultivates a professional team of environmental protection talents, and actively implements the standard of pollutant control from high, far, strict and excellent.
Within the company, Fuchun Dyeing and Weaving also regularly organizes publicity and learning on environmental protection and training activities in environmental protection business to further enhance the environmental awareness of employees. In 2018 alone, the company organized or selected employees to participate in environmental protection-related education and training activities 12 times. In 2003, the company established an environmental management system, which passed the ISO14001 environmental management system certification for the first time that year, and in 2015, the company successfully passed the renewal audit again.
Fuchun Dyeing and Weaving said that while actively strengthening and improving the company's environmental protection system, the company has not been stingy in environmental protection equipment investment, and has been increasing investment in environmental protection in recent years.
From 2014 to 2018, the company invested a total of 100 million yuan to build a new sewage treatment implementation with a daily treatment of 20,000 tons; in 2019, the company consciously assumed social responsibility and invested 15 million yuan to build a new 20,000 tons of sewage deep decolorization project with a daily treatment of 20,000 tons; in 2018, in order to actively respond to the government's atmospheric action plan, the company eliminated the original 3 sets of 20 tons and 1 set of 15 tons chain boilers, invested 63 million yuan to add two new circulating fluidized bed boilers, and the new boiler was put into use at the end of 2018. After testing by authoritative institutions, the effect of waste gas treatment has reached the requirements of the national "special limit emission" standard, which has set an example for comprehensively winning the "blue sky defense war" in Wuhu.
On the product side, Fuchun dyeing and weaving has a complete color card in the accumulation of decades. Downstream customers can compare the color cards, according to their own needs, select the desired color yarn from the color cards, and then take the goods from the warehouse of Fuchun dyeing and weaving, or organize mass production and procurement after placing an order from the Fuchun dyeing and weaving office. In the case of continuous innovation and investment in Fuchun dyeing and weaving, continuous development of new products in line with market demand trends, improvement of product quality, and improvement of service system, Fuchun dyeing and weaving products have been widely recognized by the market, which also provides a guarantee for the profitability of Fuchun dyeing and weaving.
Fuchun Dyeing and Weaving said that the company will continue to adhere to the "one industry as the mainstay, do fine and strong" business policy, under the guidance of the national industrial policy, according to the specific requirements of the printing and dyeing industry structure adjustment, industrial upgrading, market and customer demand as the guide, to quality and efficiency growth, sustainable development for the purpose, adhere to innovation-driven, green development, quality first, structural optimization, through equipment technology upgrading, product structure adjustment and production management level improvement, and strive to build the company into a first-class enterprise with market competitiveness.
In the next few years, the company will focus on the overall development strategy, fully integrate the company's existing resources, take this stock issuance and listing as an opportunity, further enhance the company's R & D and production capacity of color yarn, improve the company's product structure, and gradually expand market coverage, thereby further enhancing the company's comprehensive strength, improving the company's brand awareness and market share. Text/Luo Shengjin
Daily economic news
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