In the past year, relevant textile and clothing printing and dyeing companies have released annual performance forecasts for 2021. The editor specifically searched for relevant materials, and unexpectedly found that two large domestic textile printing and dyeing companies reported losses. This is quite surprising. Conversely, we can also see that last year’s severe environment put pressure on our traditional textile printing and dyeing industry.
It is too difficult to open a printing and dyeing factory
Difficult! Disaster! Disaster!
It is understood that Jihua Group, the world’s largest leading business attire company, suffered a loss of 140 million yuan last year, which was somewhat unexpected. Another company, Huafang Co., Ltd., which has been among the top ten companies in China’s printing and dyeing industry for many years, disclosed its annual performance forecast for 2021, and also revealed a net profit loss of 49 million yuan, a simultaneous decline compared with the same period last year.
For a printing and dyeing factory, there must be many reasons for losses, but it is not difficult to see that the entire textile printing and dyeing industry is currently under such great pressure to survive.
For example, as Huafang Co., Ltd. mentioned, the main reason for its continuous losses is the increase in the prices of various basic raw materials. The second point is that due to the impact of the epidemic on international shipping, shipping schedules have been reduced and ocean freight has increased. The company’s shipments have been seriously affected. In addition, some other operating expenses have led to a loss throughout the year.
So in the editor’s opinion, for textile printing and dyeing companies, it is currently imperative to increase the added value of products as much as possible and develop a product line of their own in differentiated competition.
Jihua Group Co., Ltd.
Jihua Group recently disclosed its 2021 performance forecast. The company estimates that the net profit loss attributable to shareholders of listed companies during the reporting period will be 179 million to 140 million yuan, which is a decrease compared with the loss of 776 million yuan in the same period last year.
Jihua Group stated that the company will actively respond to the military’s procurement policy of “optimal pricing and procurement”, increase product technology empowerment in the traditional military supplies and quilt market, exchange high-quality services and honest operations for market orders, and maintain the core of military supplies Supplier leadership. In the military and police equipment market, we will increase the expansion of military and police equipment business focusing on bulletproof and individual equipment. In the civilian product market such as shop fittings and workwear, we will give full play to the company’s brand and resource advantages. Based on the continuous penetration of the original customer market, we will further increase our efforts to expand the large-capacity market for shop fittings, such as fire protection systems, public security systems, and comprehensive law enforcement. teams, etc. and the large central enterprise market represented by communications, petroleum and petrochemicals, aviation and airports, power grids and postal services, etc.
Huafang Co., Ltd.
Huafang Co., Ltd. (hereinafter referred to as “Huafang Co., Ltd.”), which has been among the “Top Ten Enterprises in China’s Printing and Dyeing Industry” for many years in a row, recently disclosed its 2021 performance forecast. The company estimates that the net profit attributable to shareholders of the listed company during the reporting period will be The loss was 49 million yuan, which will be a loss compared with the same period last year.
The financial report shows that in the first three quarters of 2021, Huafang Co., Ltd. achieved operating income of 2.6 billion yuan, a year-on-year increase of 8.3%; net profit attributable to shareholders of listed companies was 10.453 million, a year-on-year decrease of 47.7%.
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