News from China No. 1 Textile Network on August 29 (reported by reporter martin): Shandong Ruyi Woolen Garment Group Co., Ltd. (hereinafter referred to as “Ruyi Group”) The financial report for the first half of 2021 was released on the evening of August 29. During the reporting period, the company achieved operating income of 260 million, a year-on-year decrease of 20.4%, and the decline was narrower than the same period last year; it achieved a net profit loss of 44.754 million attributable to the parent company, a decrease of 44.754 million in the same period last year. was 15.282 million yuan, failing to maintain profitability.
As for the reasons for the change in performance, Ruyi Group explained that
First, due to factors such as overseas epidemics Due to the impact of the epidemic, the company’s export orders have dropped significantly, resulting in a decline in performance. With the further prevention and control of the global epidemic, orders have begun to gradually recover in the second half of the year due to the recovery of terminal consumption and the return of overseas orders, which will have a favorable impact on the company’s performance;
The second is to change the order-taking mode and reduce related transactions. Since 2021, in order to reduce related transactions, the company has changed to undertake the professional attire business by itself. Except for the contract that is being executed, it will no longer participate in bidding for professional attire business using Ruyi Technology as a platform.
Due to limitations in business scale and the company’s own historical performance in undertaking business attire orders, the market and customers will need time to verify and accept the change of order recipients and transition. During the period, it had a certain impact on the company’s professional wear order business. In the first half of 2021, the revenue from the domestic sales business of the apparel segment declined year-on-year, which adversely affected the performance.
First Textile Network noted that during the reporting period,
From the perspective of business structure, the clothing sector is the main source of Ruyi Group’s operating income. During the reporting period, the clothing sector achieved operating income of 138 million yuan, accounting for 53.2% of the revenue, which was the same as the previous year. A decrease of 23.33% compared to the same period last year; the wool spinning segment achieved operating income of 47.0755 million yuan, accounting for 18.05% of revenue, an increase of 2.19% compared to the same period last year.
In terms of products, during the reporting period, tops achieved operating income of 14.4265 million yuan, accounting for It was 5.54%, an increase of 5.54% compared with the same period last year. Worsted fabrics achieved operating income of 47.0755 million yuan, accounting for 18.05% of revenue, an increase of 2.19% compared with the same period last year. Clothing achieved operating income of 138 million yuan, operating income The revenue share was 53.24%, a decrease of 23.33% compared with the same period last year.
Looking at different regions, during the reporting period, export sales achieved operating income of 214 million yuan, accounting for 82.16%, an increase of 26.52% compared with the same period last year. The operating income from export sales was 46.5266 million yuan, accounting for 17.84% of the revenue, a decrease of 26.52% compared with the same period last year.
During the reporting period, under the overall situation of economic downturn affected by the epidemic, Ruyi Group flexibly deployed its market operation strategy, relied on its own complete industrial chain, integrated upstream and downstream resources, and ensured that the epidemic Affecting the smooth delivery of orders.
In the international market, Ruyi Group has achieved precise positioning and fast tracking for the rapidly recovering market to achieve rapid conversion of overseas orders; at the same time, it is actively looking for new business models , new models such as spot sales, clothing customization business, and the Internet are further strengthened; B2B cross-border e-commerce projects are rapidly advancing, order conversion is realized, and online ordering, payment collection, and delivery declaration are realized.
In terms of fabrics and clothing orders in the customized market, Ruyi Group’s Yageshidan brand fabrics, Ruyi jacquard wedding series and British William Thomson brand fabrics have achieved customization Transform the advantages of the market industry chain, provide differentiated, functional, personalized and market-oriented high value-added fabric design services. Deepen the wool textile industry chain + Internet, combine design services and marketing, directly connect with the supply chain, and achieve customization. Acquisition of new customer resources in the market.
In the domestic market, Ruyi Group relies on the company’s fabric resource advantages, and its order volume in the first half of 2021 doubled compared with the same period in 2020. Overall business wear fabric orderShowing a sharp increase, large-scale bidding fabric orders have achieved major breakthroughs. In addition, for the international military uniform market, fabrics and clothing have been integrated. The overall order is expected to exceed 20 million. The profits of high-end brand fabrics continue to grow. Emerging online brands and Internet celebrity brand fabrics have also Continue to achieve high-profit orders
Public information shows that Ruyi Group was formerly Jining Mao Group founded in 1972 The textile factory was restructured into a joint-stock company in December 1993 and listed on the Shenzhen Stock Exchange in December 2007. It has now become a large-scale textile and clothing group integrating the design, production and sales of worsted fabrics and clothing.
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