The Main Industry Of Garment Trade Develops Steadily. Jiangsu Sainty 2018 Net Profit Increased By 85 Million 440 Thousand Yuan, 3.07%

In March 26th, Jiangsu sainty (600287) disclosed its 2018 annual report.

The report shows that the company achieved revenue of 5 billion 360 million yuan last year, down 2.45% compared to the same period last year. The net profit attributable to shareholders of listed companies was 85 million 440 thousand yuan, up 3.07% compared to the same period last year. According to the 2018 profit distribution plan, the company plans to send 0.80 yuan to every 10 shares.

Reporters learned that Jiangsu sainty was listed on the Shanghai Stock Exchange in 2000. Its main business is composed of two parts: Trade and investment.

In terms of trade, the trade is mainly clothing centered, including garment export and domestic trade; on the other hand, the new market characterized by new businesses characterized by domestic trade and seafood import and export business mainly includes chemical products, mechanical and electrical products, steel products, all kinds of foreign aid materials and seafood.

In terms of investment business, it is mainly invested in financial services industry, with PRE-IPO and PE investment.

In 2018, the internal and external environment of the clothing trade has undergone profound changes. The scale of Sino US trade friction has been expanding continuously, and the global garment industry is becoming increasingly competitive.

In order to achieve the healthy and steady development of the main garment industry, the company has set up a comprehensive business support platform to implement directional and precise main industry support policies.

At the same time, the business subsidiaries actively seek innovation and breakthroughs under the unfavorable industry situation, seize the development of customers, do not relax, constantly improve their service capabilities and enhance their service value, and have achieved good results.

During the reporting period, the company's apparel trade, mechanical and electrical products and chemical products ranked top three.

Among them, clothing trade revenue was 3 billion 14 million yuan (accounting for 56.18% of total revenue), 2.62% less than last year, gross margin 10.91%, an increase of 0.89 percentage points over the same period last year.

Electromechanical and chemical products achieved revenues of 769 million yuan and 409 million yuan respectively, representing a decrease of 22.66% and 28.10% over the previous year.

In addition, the company achieved 312 million yuan and 191 million yuan of revenue in clothing production and seafood respectively, representing an increase of 108.72% and 1044.48% over the previous year.

The company said that in 2019, the world economy was expanding steadily, and the market demand of the major economies remained on the rise. Global trade is expected to continue the recovery trend.

However, due to intensified trade frictions around the world, tightening monetary policy in major developed economies, and rising geopolitical tensions, the downside risks of the world economy are increasing, and the external environment facing China's import and export trade development is more severe and complex.

Referring to the 2019 business plan, the company said it will continue to focus on the "double wheel drive" business development strategy, focus on the adjustment of the main garment industry structure, deepen the pformation and upgrading of the traditional garment trade, strengthen the pformation and upgrade from "OEM" to "ODM", climb to the middle and high end of the industrial chain, provide customers with value-added, differential service, and achieve high quality development; at the same time, speed up the layout of new characteristics of the market business and ensure the steady expansion of market share.

We should actively promote the operation of capital markets and improve the efficiency of asset utilization.