The functional fabrics produced by the “Blue Ocean†industry company in high-end functional knitted fabrics are products with higher technological content and higher added value. The industries in which they meet the development trend and national policies of the textile industry have a broad market in the context of consumer upgrading and industrial upgrading. space.
Significant technical advantages, high-end customer resources and stability The company has established a complete product independent research and development and design mechanism, has a number of fabric technology independent intellectual property rights, production technology and technology ranks in the domestic leading position. At the same time, the company's refined management capability is strong, and it has the ability to quickly respond to customer needs. It has become a supplier of many high-end international well-known brands, and its high-end customers are rich in resources. At present, we mainly provide knitted fabrics with independent intellectual property rights to 12 famous outdoor sports brands and 6 high-end popular sports brands. The company and international high-end outdoor sports brands such as Icebreaker, Polartec, and Kathmandu have formed a long-term, stable and dependent strategic partnership, which is hardly surpassed by competitors in the short term.
Private-owned brands will usher in the long-term current, own-brand Kroceus about 20 retail outlets. This year, the company increased its investment in brand building. In June, it used super-raised funds to increase its capital by 50 million yuan to its own-brand subsidiary. It will steadily accelerate the speed of opening stores. Kroceus is expected to have 40 stores this year, and it is expected that 2011 and 2012 The year will reach 70, 100.
Breakthrough in capacity bottleneck is the highlight of future growth As the investment projects are gradually put into production, the company will achieve an expansion of 56.7% in capacity and an annual output of 18.8 million meters of knitted fabrics. We expect to contribute 70% of new capacity this year, and will achieve 100% new capacity in 2012. At the same time, the company will invest in the construction of a new high-grade fabric fabric production and research and development base with a capacity of 15 million meters in Nantong. In the first phase, it plans to increase the capital of Nantong Hauna Textile by approximately RMB 152 million. With reference to the progress of investment projects, it is expected that the project will release capacity in 2013 and will add 3 million meters of production capacity in the first year.
Give "Recommendation" rating The company's performance growth momentum in the next three years mainly comes from the release of production capacity and the growth of its own brand. At the same time, the company will invest in the field of mass production of new composite film fabrics and industrial fabrics in the future with certain imaginative space, which will help improve the company's valuation. We expect the company's 11-13 EPS to be 0.40/0.52/0.71 yuan, corresponding to the current stock price PE of 29/22/16 times, and the valuation level is at historical low. Give the company a "recommended" rating.
Significant technical advantages, high-end customer resources and stability The company has established a complete product independent research and development and design mechanism, has a number of fabric technology independent intellectual property rights, production technology and technology ranks in the domestic leading position. At the same time, the company's refined management capability is strong, and it has the ability to quickly respond to customer needs. It has become a supplier of many high-end international well-known brands, and its high-end customers are rich in resources. At present, we mainly provide knitted fabrics with independent intellectual property rights to 12 famous outdoor sports brands and 6 high-end popular sports brands. The company and international high-end outdoor sports brands such as Icebreaker, Polartec, and Kathmandu have formed a long-term, stable and dependent strategic partnership, which is hardly surpassed by competitors in the short term.
Private-owned brands will usher in the long-term current, own-brand Kroceus about 20 retail outlets. This year, the company increased its investment in brand building. In June, it used super-raised funds to increase its capital by 50 million yuan to its own-brand subsidiary. It will steadily accelerate the speed of opening stores. Kroceus is expected to have 40 stores this year, and it is expected that 2011 and 2012 The year will reach 70, 100.
Breakthrough in capacity bottleneck is the highlight of future growth As the investment projects are gradually put into production, the company will achieve an expansion of 56.7% in capacity and an annual output of 18.8 million meters of knitted fabrics. We expect to contribute 70% of new capacity this year, and will achieve 100% new capacity in 2012. At the same time, the company will invest in the construction of a new high-grade fabric fabric production and research and development base with a capacity of 15 million meters in Nantong. In the first phase, it plans to increase the capital of Nantong Hauna Textile by approximately RMB 152 million. With reference to the progress of investment projects, it is expected that the project will release capacity in 2013 and will add 3 million meters of production capacity in the first year.
Give "Recommendation" rating The company's performance growth momentum in the next three years mainly comes from the release of production capacity and the growth of its own brand. At the same time, the company will invest in the field of mass production of new composite film fabrics and industrial fabrics in the future with certain imaginative space, which will help improve the company's valuation. We expect the company's 11-13 EPS to be 0.40/0.52/0.71 yuan, corresponding to the current stock price PE of 29/22/16 times, and the valuation level is at historical low. Give the company a "recommended" rating.
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Strip Lashe Co., Ltd. , http://www.chinawyg.com