Who Is The Most Profitable? The First Half Performance Of 166 Textile And Apparel Listed Companies In Shanghai And Shenzhen Two Cities

In September 1st, China Textile Planning Research Association released. Mid term performance evaluation report of Shanghai and Shenzhen two cities (A shares) textile and apparel listed companies in 2019 A comprehensive review of Shanghai and Shenzhen two cities (A shares) 166 families The performance and operation of the textile and apparel listed companies in the first half of 2019. In the report, which companies are more interested in the quality of earnings and operational health? In terms of revenue, profit, market value, scale, revenue, return and other ten single data, which companies rank the top?

As of August 31, 2019, Shanghai and Shenzhen two cities (A shares) 166 textile and apparel listed companies have disclosed semi annual report data in 2019. According to the semi annual report of listed companies and Asys.16 system statistics: From the point of view of operating income, in the first half of 2019, 166 textile and apparel listed companies in Shanghai and Shenzhen two cities achieved a total operating income of 517 billion 880 million yuan, an increase of 10.31% over the same period last year. Among them, there are 11 companies with more than ten billion revenue, and 600346.SH ranks 42 billion 333 million at the top of the list. In terms of net profit, the 166 listed companies achieved a net profit of 37 billion 51 million yuan in the first half of 2019, an increase of 8.78% over the same period last year. Chemical fiber manufacturing, clothing chain retail industry is still the most profitable industry, of which, Hengli Petrochemical (600346.SH) in the 2019 half year average daily net profit of about 20000000 yuan, a total net profit of 4 billion 31 million yuan, the title of A shares, 166 textile and apparel listed companies.

This report is divided into two parts. "The first half of 2019 performance and performance overview", "income quality and operational health assessment conclusions", "revenue, profit, market value, scale, revenue, return and other ten single data top ten (or twenty) ranking". And so on.

Overview of performance and performance in the first half of 2019

According to statistics, in the first half of 2019, 166 textile and apparel listed companies in Shanghai and Shenzhen two cities (A shares) achieved a total operating income of 517 billion 880 million yuan, and realized a net profit of 37 billion 51 million yuan attributable to shareholders of the parent company. They increased by 10.31% and 8.78% respectively over the same period last year. This is a good transcript in the current textile industry in China, which is facing more and more serious macroeconomic situation at home and abroad, all kinds of unstable and uncertain factors intertwined, internal and external market pressure has increased, and the operational indicators of production, marketing, investment and efficiency of China's textile industry have fluctuated in the first half of this year. Fully shows that China's textile and garment industry listed companies play a positive role in promoting the development of high-quality industry, leading the whole industry to innovate and develop the pacesetter and maintain the backbone of the smooth operation of the economy.

1. In the 166 companies that disclosed semi annual reports in 2019:

(1) there are 81 major board companies, with a total operating income of 273 billion 539 million yuan and a net profit of 23 billion 18 million yuan.

(2) a total of 72 small and medium board companies, the first half of 2018 to achieve operating income of 236 billion 327 million yuan, net profit of 13 billion 124 million yuan;

(3) GEM has a total of 13 companies. In the first half of 2019, business income of 8 billion 14 million yuan was achieved, and net profit of 908 million yuan was achieved.

2, from the distribution of revenue, more than half of the textile and clothing A stock companies in the first half of 2019 in the "2 to 2 billion" range, 25 companies more than 5 billion yuan in revenue, and business revenue of more than 10 billion, there are 11.

From the first half of 2019, the most profitable chemical fiber industry was ranked first, with a total revenue of 165 billion 781 million yuan. The apparel and apparel industry ranks second in total, achieving a total operating income of 119 billion 476 million yuan.

From the perspective of net profit distribution, there were 20 companies with net profit of over 500 million yuan in the first half of 2019, and 7 of the net profits exceeded 1 billion. They were Hengli petrochemical, Zhejiang Longsheng, Hai Lan's home, YOUNGOR, Hengyi petrochemical, Tong Kun shares, and Rongsheng petrochemical. Meanwhile, 23 companies suffered a net loss in the first half of 2019.

The following figures 2 and 3 are Distribution of operating income and net profit in the first half of 2019 for textile and apparel A share companies Figure:

3, as of June 30, 2019, 166 other major textile and apparel listed companies in Shanghai and Shenzhen two cities:

(1) the total market value is about 1 trillion and 325 billion 897 million yuan, a decrease of 6.38% over the same period last year.

(2) asset size totaled about 1 trillion and 655 billion 522 million yuan, an increase of 18.76% over the same period last year (a big increase).

(3) the average earnings per share (mean) was 0.18 yuan (12.45% less than the same period last year). Earnings per share (EPS) ranged from 0.85 yuan to -0.91 yuan. 53.01% of the company's earnings per share were lower than the same period in 2018.

(4) operating costs totaled about 415 billion 10 million yuan, up 10.48% from the same period last year (faster growth).

(5) accounts receivable totaled 100 billion 827 million yuan, an increase of 7.41% over the same period last year.

(6) inventory inventories totaled about 233 billion 900 million yuan, representing an increase of 19.48% over the same period last year.

(7) in construction projects totaling about 185 billion 428 million yuan, an increase of 102.85% over the same period last year (faster growth);

(8) short-term loans totals about 248 billion 804 million yuan, up 112.80% over the same period last year, and the short-term liabilities increase significantly, the largest growth rate in recent years.

(9) liabilities totaled 914 billion 866 million yuan, up 28.83% from the same period last year (faster growth).

(10) accounts payable amounted to about 127 billion 647 million yuan, representing an increase of 28.78% over the same period last year (faster growth).

(11) net cash in operation amounted to about 37 billion 845 million yuan, an increase of 238.37% (faster than that of the same period last year).

(12) in the first half of 2019, 23 companies in 166 textile and apparel listed companies suffered losses, with a deficit of 13.86%, an increase of 3.62 percentage points over the same period last year. The total amount of losses was 2 billion 392 million yuan, an increase of nearly 3 times over the same period last year.

4. Main financial indicators:

(1) net assets yield (mean) 3.07%, a decrease of 0.66 percentage points compared with the same period last year.

(2) the net interest rate of sales is 4.41%, which is 29% lower than that of the same period last year.

(3) the asset liability ratio is 41.16%, an increase of 8.14% over the same period last year.

(4) the current ratio of 2.36 was 5.24% lower than that of the same period last year.

(5) inventory turnover, accounts receivable turnover and liquidity turnover all have different decreases or decreases in Chengdu.

(6) earnings per share year-on-year growth rate, operating profit year-on-year growth rate, operating income year-on-year growth rate, net profit year-on-year growth rate were significantly worse than the same period last year.

5, analysis and evaluation of preliminary conclusions:

General situation of operation and development of 166 main textile and garment listed companies in Shanghai and Shenzhen two cities in the first half of 2019: Earnings continued to grow, running basically stable and cash flow in good condition. Asset scale continues to expand, capital structure and solvency are basically reasonable.

Income quality assessment and health index evaluation conclusion

According to the Asys.16 system, the 166 main textile and apparel listed companies in the Shanghai and Shenzhen two cities in the first half of 2019 were 45.02 and 82.08 respectively in the income quality assessment and health index evaluation, as shown in Table 1 and below 4:

1, the overall income and profitability of the industry is in good condition. Although the assessment value has a slow downward trend, the overall situation is still good.

2, the industry is in good health, down 4.76% from HIS in the same period last year. It shows that the operation and development of textile and clothing listed companies in Shanghai and Shenzhen two cities are in good condition, and the possibility of running risks and potential risks is low.

3. The top twenty list of earnings quality assessment is shown in Table 2:

List of the ten largest single items

1. Revenue ranking

In terms of revenue, the first twenty companies achieved a total operating income of 320 billion 454 million yuan (61.88%) in the first half of 2019. Among them, 11 companies have revenues of more than ten billion. Hengli Petrochemical ranks 42 billion 333 million in the top of the list of Listed Companies in textile and apparel A shares. Hengyi Petrochemical has achieved 41 billion 729 million yuan in revenue. After that, it was Rongsheng petrochemical and its operating income was 39 billion 492 million yuan. Top twenty of revenue ranking is as follows:

2, making money list

Among the top twenty net profit sectors, the chemical fiber manufacturing industry is outstanding, with a total of 4 companies ranking the top ten. Among them, Hengli Petrochemical (600346.SH) ranked first in net profit 4 billion 31 million place. Zhejiang Longsheng (600352.SH) took the second place and achieved a net profit of 2 billion 533 million yuan in the first half of 2019. After that, 600398.SH realized a net profit of 2 billion 112 million yuan in the first half of 2019. The top seven achieved net profit of over 1 billion yuan. The profit list is as follows:

3, revenue ranking

In terms of earnings per share, 603587.SH ranked first in 0.85 yuan. Zhejiang Longsheng (600352.SH) and Tong Kun (601233.SH) share second and third respectively. The income ranking is as follows:

4, asset size ranking

5, market capitalization ranking

6, revenue growth list

In terms of revenue growth, znor, from apparel and retail trade, surged 336.91% in the first half of 2019, becoming the fastest growing textile and apparel company (A share) listed company in the first half of 2019. The top three companies were three dimensional silk and deep textile A respectively. In the first half of 2019, the revenue grew by 163.31% and 112.72% respectively. The top twenty of revenue growth is shown in Table 2 below:

7, return ranking

In terms of return on net assets, 600398.SH ranks first in 15.67%. Hengli Petrochemical (600346.SH) ranked second with a net return on assets of 13.97%. Jianxin stock (300107.SZ) ranked third in 12.92% place. More than 10% of the net assets yield is Zhejiang Longsheng, Shen Da shares, di Su fashion, Gan consulting, Guang Wei complex, BIE Le Fei, run Tu shares and Hui Jie shares. The returns list is as follows:

7, the top ten ranking of investment income

In terms of investment income, YOUNGOR (600177.SH) ranked first in terms of investment income of 174499.55 yuan. Liaoning Cheng Da (600739.SH) and Shenda group (600626.SH) ranked two or three in 85320.30 yuan and 73757.73 yuan respectively. The investment income ranking is as follows:

9, the top ten ranking of debt paying ability

In terms of turnover ratio, the turnover rate of the top three Jiangnan high fiber (600527.SH), Jianxin (300107.SZ) and Huamao Technology (603306.SH) exceeded 10, 20.36, 12.30 and 10.97 respectively. The top ten ranking of debt paying ability is as follows:

10. List of rich people.

Net profit growth rate, a total of 22 companies net profit increased by more than 100% over the same period. Among them, 600107.SH's net profit growth jumped 2044.54% over the same period last year, the fastest growing company in the first half of 2019. Jing Han shares (000615.SZ) ranked the second place, and net profit increased by 1496.36% over the same period last year. Followed by Hinur (002485.SZ), the net profit growth rate was 761.41%. The top ten of net profit growth in the same period is ranked as follows:

(remarks: Listing deadline, end of 2018)