Zhejiang Taitan (SZ:003036) Chan Ye Xin Xi Wang·2025-08-05 02:04Group 1: Industry Overview - The textile industry is one of the oldest industries in global economic history and has become a leading force in modern economic development due to the rise of mechanized production [1][7] - The global textile machinery market is experiencing stable growth, with an estimated market size of approximately $37.92 billion in 2024, an increase of $2.07 billion from 2023, and is expected to reach $40 billion by 2025 [1][7] - The global spinning machine market is projected to reach $9.118 billion in 2024, an increase of $0.497 billion from 2023, with expectations to reach $9.6 billion by 2025 [1][7] Group 2: Spinning Machine Industry - Spinning machines are critical equipment in the textile industry, used to process fiber materials into yarn, directly affecting yarn quality and production efficiency [4][7] - The spinning machine industry can be categorized based on process type, fiber material, production flow, and spinning process stages [4] Group 3: Current Status of the Spinning Machine Industry - The Chinese textile machinery manufacturing industry has made significant progress, with a complete range of products and excellent performance, making China the largest textile machinery manufacturing base globally [9] - In 2024, China's textile machinery enterprises are expected to achieve operating revenue of 102.683 billion yuan, an increase of 7.465 billion yuan from 2023, with total assets of 124.131 billion yuan, an increase of 4.337 billion yuan, and total profits of 8.066 billion yuan, an increase of 0.69 billion yuan [9] Group 4: Patent Development - From 2016 to 2024, China accumulated a total of 3,259 patents related to spinning machines, with some high-end spinning machine technologies reaching international advanced levels [11] Group 5: Industry Chain - The spinning machine industry chain includes upstream raw materials such as steel, aluminum alloys, engineering plastics, and electronic components, midstream spinning machine R&D and production, and downstream textile applications [13] Group 6: Competitive Landscape - The spinning machine industry in China features competition between international giants and domestic companies, with international firms like Rieter, Murata, and Trützschler dominating the high-end market, while domestic leaders like Jingwei Textile Machinery and Titan Co., Ltd. are expanding their market share in niche segments [16][20] - Titan Co., Ltd. is a well-known textile machinery manufacturer in China, focusing on high-end textile equipment and achieving significant market share with its products [20]