Black Peony (600510) recently held a share reform investor meeting, and the company's top management and investors conducted in-depth communication on the company's future prospects. Black Peony is the only A-share listed company in the domestic denim industry and a QFII awkward stock. The company said it plans to invest in the “Black Peony Textile Industrial Park†for five years to expand its new profit growth point. Ss Nonwoven Lines,High Efficiency Making Machine,Automatical Non-Woven Making Machine,Non-Woven Fabric Making Machine Changzhou Xinzhongshun Nonwoven Machinery Co., Ltd. , https://www.xzsnonwovenmachine.com
On March 3, the company launched a revised new share reform plan. The consideration was increased from 2.5 shares for every 10 shares to 3 shares for every 10 shares. At the same time, it is promised that the 2006-2008 annual proposal will be submitted to the general meeting of shareholders not less than 70% of the distributable profits realized in the year, and voted in favor of the vote.
Wang Panda, general manager of the company, said at the meeting that Heimu Company Dan plans to invest in the “Black Peony Textile Industrial Park†in five years. After its completion, its production scale will be 1,000-150 million meters of denim per year. 10,000 pieces, yarn-dyed cloth 8 million meters, spinning 32,500 tons. The industrial park is a denim industrial base integrating spinning, dyeing and finishing, weaving and garments. The production is not a simple production capacity reproduction. The company said that the industrial park will introduce high-value-added items such as special yarns and high-grade fabrics, with special yarns, special dyeing and special finishing as a breakthrough to expand the scale of the garment industry, realize the benign interaction between fabrics and garments, and enhance high value-added products. The proportion in the company's product structure. The industry researcher of Guotai Junan Securities Research Institute believes that in the textile industry, where the entry cost is low and the supply exceeds demand, increasing the added value of products is the foundation for enterprises to become stronger.
It is reported that Black Peony is the only A-share listed company in the domestic denim industry, and also a QFII awkward stock. At present, black peony has an annual production capacity of 80 million meters of denim, 8 million pieces of denim clothing, 8 million meters of various dyed fabrics and 15,000 tons of spinning, forming spinning, dyeing and weaving. Finishing, garment processing one-stop production system. The company's current sales area covers more than 20 provinces and cities in China and more than 30 countries and regions overseas, and about 90% of its products are sold abroad. The company's customers are mainly international famous brand clothing companies. Black Peony brand denim has become the designated supplier of fabrics for the three famous American denim clothing Levi's, Liz Claiborne and Gap.
Relevant persons from the China Textile Industry Association said that 2005 was the “winter event†in the textile industry. After the quota was abolished, the trade friction between China and the United States and China and Europe gave the domestic textile enterprises a vivid first lesson in the “post-quota first yearâ€. In 2006, potential textile trade frictions, pressure on RMB appreciation, and prices of raw materials such as cotton and oil became the main external factors affecting the entire industry.
According to the performance report released by Black Peony on February 21, the company's earnings per share in 2005 was 0.28 yuan, net assets per share was 2.38 yuan, and the return on net assets was 11.59%. The main income was 1.068 billion yuan, a year-on-year increase of 19.17%. The profit was 121 million yuan, a year-on-year increase of 25.08%.