Xinye Textile confirmed the issue price of 5.19 yuan / share
In recent years, the return on net assets is about 10%, which is higher than the average of 6% of cotton textile listed companies. In the three-day preliminary inquiry process, institutional investors generally issued the first share of Zhongyuan Textile, Henan. Xinye Textile Co., Ltd. showed strong interest: Xinye Textile's average gross profit margin for the past three years was 16.96%, which was in line with the average gross profit margin of the cotton textile industry of 9.2% (2005); The return on assets remained at around 10%, which is also much higher than the average of 6% of cotton textile listed companies.
Hengshui 89 import and export trade Co., Ltd. is a company specializing in the production of Arab products, which integrates industry and trade. The factory of the company has more than 10 years of experience in the production of Arab clothing, with more than 200 clothing production machines; Specializing in men's Arabian robes and pants products, including: shirts, Saudi robes, Sudan robes, Kuwait robes, Qatar robes, UAE robes, Libya robes, Morocco robes, Afu robes Khan suits, Oman suits and other Muslim clothing, Arab women's clothing mainly for sample processing, daily production of more than 10000 Arabian robes; This year, we have developed a production line of knitted products for the Middle East market, such as Cotton Underwear, T-Shirts, women's suspenders, etc; Other Arab daily necessities are also involved, such as the Arabian tapestry, Arabian incense burner and so on; Welcome to our company to visit and negotiate.
Normaly For Men's Size: 54,56,58,60,62
For Kids Size: 20,22,24,26,28,30,32,34,36,38,40,42,44,46,48,50,52.
We supply kinds of design embroidery,piping,. with collar,with out collar.
Short sleeve,long sleeve. With Pants with out Pants. all can be customized.
Traditional Islamic Clothing Male,Traditional Islamic Clothing For Sale,Traditional Islamic Clothing Female,Traditional Muslim Clothing Female Hengshui Bajiu Imp.& Exp.Trade Co.,Ltd , https://www.bajiujalabiyatrade.com
In fact, the strong market competitiveness of Xinye Textile comes from the development strategy of technological transformation to promote industrial upgrading that has been implemented for many years. As early as the early 1990s, Xinye Textile pioneered the upgrading of technical equipment in the industry. In the past 10 years, it invested more than 700 million yuan and built a complete industrial chain of “textile-dyeing-weaving-finishingâ€. More than 70% of the key equipment has international advanced level. Among the 25 most advanced technologies in the world textile industry announced by the US textile industry's authoritative magazine "Textile world", the company is applying 22 items, one of which will be applied soon, and the utilization rate of advanced technology reaches 95.7%.
It is reported that Xinye Textile has built a fully automatic air spinning base with an annual output of 40,000 tons, using the most advanced spinning technology in the world. Its production efficiency is more than 6 times that of traditional ring spinning. At present, the proportion of domestic automatic air-jet spinning is only 3%, and the company's fully automatic air-jet spinning output has accounted for 30% of similar products, and is at an absolute leading level in China.
Forward-looking technology development and application, continuous equipment update and investment, strong R&D investment and product structure optimization ensure that Xinye Textile is based on the target product positioning of high-end customers and the considerable profitability it brings. Among them, functional fabrics made of soybean fiber, maifan stone fiber, bamboo fiber and differentiated fiber are unique. The automatic high-speed air spinning products and high-grade casual fabrics have become well-known brands. More than 12% and 3% of similar products in the market, the comprehensive gross profit margin is also 17% and 18%. At present, 80% of the company's products are matched with international and domestic famous brands, and the proportion of new products reaches over 50%. In the past three years, the company's production and sales rate has remained above 98.5%.
In addition, Xinye Textile also has significant regional resource advantages. The company is located in Xinye County, Henan Province, which is the main cotton producing area in China. The average purchase price is lower than the domestic average price of 3%. In recent years, the Xinye County cotton textile industry cluster has been formed. The company has won a win-win situation through cooperation with small and medium-sized textile enterprises in the cluster in technology, capital and market. For example, the company processes about 12,000 tons of cotton yarn per year, and the average yarn cost is less than 8% of the domestic market. In addition, the local labor resources are abundant, and the per capita wage is 30% lower than that of the coastal areas. These all constitute the geographical advantage of the company.
According to the results of the preliminary inquiry, Henan Xinye Textile Co., Ltd. finally determined that the issue price was 5.19 yuan/share, and the price-earnings ratio was 24.71 times. (Earnings per share was in 2005 by Asia Pacific (Group) Certified Public Accountants Co., Ltd. The audited net profit before and after deducting non-recurring gains and losses is calculated by dividing the total share capital after the issuance.
According to the announcement, the number of shares issued this time is 80 million shares. Among them, the number of offline placements was 16 million shares, accounting for 20% of the total issuance, and the number of online pricing issued was 64 million shares, accounting for 80% of the total issuance.