Panorama Network March 17th Bank of China Cashmere Industry (000982) announced on Monday evening that the company's non-public issuance of new shares will be listed on the Shenzhen Stock Exchange on March 19, with a issuance price of 8.10 yuan per share. Industry researcher believes that After the additional projects are completed and put into production, the production capacity of the Bank of China's cashmere industry will gradually be released, forming a clear scale advantage.
In January 2013, the Bank of China Cashmere Industry issued a plan for increasing sales. The company’s industrial upgrading and transformation intentions are obvious and have attracted the attention of many institutional and industry researchers.
As the leading company in the A-share listed companies in the cashmere industry, the main business of the Bank of China Cashmere Industry is the processing, production and sales of cashmere and its products. A research report from Ping An Securities “China's Banking Industry: Significant Advantages in Moat Has been Present†Show: According to the statistics of Hong Kong Customs, in 2013, China exported 1800 tons of cashmere yarns, including the Chinese velvet industry export accounted for 1/3, which was nearly 3 times that of the second place; the national cashmere sweaters exported more than 1,600 pieces, including China Silver Cashmere exports account for about 15%, but also far more than twice the second.
Behind the beautiful data is the obvious scale advantage of China's cashmere industry. Ping An Securities researcher believes that this scale advantage is the result of the company's multi-year control of cashmere resources, technological progress, industrial chain extension and process optimization. At the same time, this scale advantage And the supporting factors behind it will continue to be a strong "moat", providing more opportunities for the company's future business development and brand building.
The six fund-raising projects are all new construction projects, based on high-end fine-quality positioning, and do not form a competitive relationship with many of the original domestic outdated industries. After the project is completed, it will not only make up for the company’s existing woollen yarns and woollen cashmere sweaters. The capacity gap can accelerate the release of production capacity and expand the company's production scale and efficiency.
20 Combi 20 Spinning Cashmere Yarn Project will provide cashmere yarn raw materials for the company's new cashmere sweater and cashmere apparel investment project;
The annual output of 5 million cashmere sweaters will increase the ability to produce 3.5 million woollen sweaters annually, make up for the gap in the issuer's existing woollen cashmere sweaters, and at the same time build an annual capacity of 1.5 million worsted cashmere sweaters;
The annual output of 2.1 million high-end cashmere apparel items will be built into a high-quality, high-end cashmere apparel product weaving and knitting production line that meets the requirements of the market. After the project is completed, an annual output of 2.1 million cashmere scarves, gloves, hats, shawls will be formed. , cashmere blankets and other cashmere clothing production capacity;
The 30,000-count worsted high-count wool yarn project will form a production scale of 30,000 high-count combed wool yarns, including an annual output of 1,312 tons of high-strand worsted knitting yarns, with an annual output of high-grade worsted wool machines. Weaving 480 tons of yarn, providing high-grade worsted yarn raw materials for 2.2 million meters of cashmere and wool high-grade fabric production line projects;
2.2 million meters of cashmere, wool high-grade fabric production line project will produce annual production of various kinds of high-grade worsted cashmere fabric 400,000 meters, worsted wool fabric 1.8 million meters of production scale;
The 30,000-line linen worsted yarn and 13 million-meter high-end linen fabric project will be equipped with a technologically advanced, mature and reliable linen spinning, weaving and dyeing and finishing line that will form a scale of 30,000 spindles. After the project is completed, it will form an annual output of worsted textiles. Supports production of 4,900 tons of special linen yarn and 13 million meters of high-end linen fabrics.
At present, the 720-ton slub yarn project was put into production in the first half of 2013; Cambodia’s multi-component project (2 million cashmere sweater capacity) was put into production at the end of 2013 and will fully release the production capacity in 2014; the project will be stepped up and construction is expected to increase. The 5 million cashmere sweater project will be put into production in the second half of the year, while the two major categories of linen and wool will be put into operation next year. Overall, after the planned addition projects are all put into operation in 2015, the peak production capacity will be released. The release of production capacity will open up the performance space. At that time, the performance will also grow rapidly further.
The company is aiming for the transfer of high-end industries in Europe and Italy. As the company's product structure and customer structure have been adjusted in the early stage, it has gradually established closer trading relationships with end customers. There is no problem of reopening the market for new projects. The public offering of raised investment projects will continue to strengthen the company's strength in the cashmere industry. The company will also build new production lines for the wool and linen industry. After the project is completed and put into production, the company will become a high-end natural fiber textile enterprise covering cashmere, wool and linen products. Further broaden the product line, realize the production and sales of four seasons products, promote the high-end product and brand strategy, and comprehensively improve the ability of continuous operation.
The raised funds will further boost the company's ability to transfer cash, while the entire cashmere industry chain will continue to improve, which will drive the rapid growth of the company's performance. The product structure will be upgraded and the long-term strategic transformation will be carried out simultaneously. From the manufacturer of cashmere products to the four seasons The strategic vision for the transformation of clothing brand operators is just around the corner. (Panorama/Zhang Leni)
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