Workflow
制鞋
icon
Search documents
拓展内需改善管理 四川制鞋业积极应对关税战
Zheng Quan Shi Bao· 2025-04-15 18:41
成都鞋类产业带规模全国第三,与另外三大鞋类产业带温州、泉州、广州并称为"三州一都",诞生了诸 多女鞋品牌,也是很多知名品牌的主要代工地。 有数据显示,成都聚集了逾1500家生产型鞋业企业和配套企业。成都鞋类出口量占中国女鞋三分之一, 美国亦是出口目的地之一。美国滥施关税对成都的制鞋产业影响几何? 与美直接贸易不多 4月15日,证券时报记者采访了四川省鞋业协会秘书长马运涛。他表示,经历了前些年的中美贸易摩 擦,成都乃至四川的制鞋企业多已转战内销市场。外贸方面,俄罗斯等欧洲市场才是成都鞋类出口的主 要目的地,同美国客户直接贸易的企业已经不多,"整体来看,美国实施的关税战对成都制鞋产业的影 响并不大"。 他同时指出,针对沿海制鞋企业或加大内销的潜在压力,成都女鞋产业也需要改善原有相对粗放的管理 水平等来应对。 成都武侯区簇桥街道,一只巨大的红色女鞋模型摆放在道路一侧;一路之隔,"中国女鞋之都"的黄色标 识矗立。以上种种都说明着这里是"中国女鞋之都"的核心地带。虽然商厦外观稍显陈旧,但依然看得出 昔日的辉煌。 四川省鞋业协会在收集信息时了解到,有的美国客户选择损失定金(通常为订单的30%);有的则要求 制鞋企业通过东 ...
华利集团(300979):24Q4新工厂投产拖累利润,期待新客户订单增量
CMS· 2025-04-14 09:35
Investment Rating - The report maintains a strong buy rating for the company [1][11][5] Core Views - The company experienced a revenue increase of 12% and a net profit increase of 9% year-on-year in Q4 2024, despite lower efficiency from the new factory impacting profitability [1][2] - The company is expanding its customer base rapidly, with new customer orders increasing significantly, and is enhancing its ability to secure high-quality orders through the development of supercritical foaming technology [1][11] - Forecasted net profits for 2025-2027 are projected to be 4.34 billion, 4.94 billion, and 5.64 billion yuan, with year-on-year growth rates of 13%, 14%, and 14% respectively [1][11] Financial Performance Summary - In 2024, the company achieved total revenue of 240.1 billion yuan, a year-on-year increase of 19.35%, with net profit reaching 38.4 billion yuan, up 20% [2][10] - For Q4 2024, revenue was 64.95 billion yuan, reflecting an 11.9% increase year-on-year, while net profit was 9.97 billion yuan, a 9.2% increase [2][4] - The gross margin for 2024 improved by 1.2 percentage points to 26.8%, with a net margin of 15.98% [4][14] Customer and Product Breakdown - The top five customers accounted for 79.1% of total revenue in 2024, with significant growth in orders from key clients [2][3] - Revenue from sports leisure shoes was 209.6 billion yuan, representing a 17.88% increase, while outdoor footwear revenue decreased by 33.7% [3][4] Capacity Expansion and Operational Efficiency - The company is expanding its production capacity with new factories in Vietnam and Indonesia, and has begun localizing procurement to reduce costs and risks [11][10] - The cash flow from operating activities increased by 24.97% year-on-year to 46.17 billion yuan in 2024, indicating strong operational efficiency [4][10]
晋江生态环境局助力企业绿色转型,“生态红包”助推高质量发展
Zhong Guo Jing Ji Wang· 2025-03-20 06:25
Core Viewpoint - The Jinjiang Ecological Environment Bureau is actively promoting the harmonious coexistence of local economy and ecological environment through innovative service measures, guided by the concept that "lucid waters and lush mountains are invaluable assets" [1][2] Group 1: Policy Implementation and Communication - Since 2024, the Jinjiang Ecological Environment Bureau has organized 16 face-to-face policy communication activities and published over 20 policy information updates via WeChat and enterprise groups to address the "last mile" issue of policy dissemination [1] - The bureau has provided personalized solutions for different enterprises, including distributing over 2,000 copies of the "VOCs Governance and Environmental Supervision Guidelines for the Footwear Industry" to assist small and dispersed footwear enterprises in effective pollution management [1] Group 2: Project Support and Environmental Impact - The bureau has established a dedicated service team for enterprises, ensuring comprehensive support for key projects from application to implementation [2] - For example, the coal-fired boiler ultra-low emission renovation project by Fujian Baihong Fiber Technology Co., Ltd. involved a total investment of 31.2 million yuan, receiving 8.4 million yuan in central air pollution prevention subsidies, resulting in annual reductions of 167 tons of nitrogen oxides, 58 tons of sulfur dioxide, and 23 tons of particulate matter [2] - Another project by Jinjiang Jincheng Washing Co., Ltd. had an investment of approximately 4 million yuan, with 1.23 million yuan in subsidies, leading to expected annual reductions of 36 tons of nitrogen oxides, 46 tons of sulfur dioxide, and 13 tons of particulate matter, significantly improving local air quality [2] Group 3: Future Goals and Sustainable Development - The Jinjiang Ecological Environment Bureau aims to continue promoting high-quality and efficient governance projects to optimize ecological environment quality and support sustainable development in Jinjiang [2] - This proactive exploration and practice not only enhance ecological optimization but also strengthen the economic development foundation, promoting comprehensive social and economic progress [2]
华利集团:24Q4及25Q1受新工厂效率爬坡影响-20250313
HUAXI Securities· 2025-03-13 07:05
Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company expects a revenue of 24 billion and a net profit of 3.84 billion for 2024, representing a year-on-year growth of 19.35% and 20.0% respectively, primarily driven by the new factory's production and improving worker efficiency [2] - The company plans to distribute a dividend of 20 yuan per 10 shares, with a dividend payout ratio of 61%, which is an increase of 17 percentage points year-on-year [2] - The company has initiated cooperation with Adidas, with mass production expected to start in September 2024, and has opened three new factories in Vietnam and another in Indonesia [3] Summary by Sections Financial Performance - The company reported a Q4 revenue of 6.495 billion and a net profit of 999 million, with year-on-year growth of 11.9% and 9.2% respectively [2] - The sales volume for 2024 is projected to be 223 million pairs, with an average selling price (ASP) of 107 yuan, reflecting a year-on-year increase of 18% in volume and 2% in price [3] - The capacity utilization rate for Q4 was approximately 100%, an increase of 2 percentage points year-on-year [3] Investment Recommendations - Concerns in the market include high inventory levels, slowing growth from DECKERS, and the impact of new factory production on profit margins. However, there is still potential for market share growth with brands like Adidas, ON, NB, and REEBOK contributing additional revenue [4] - The company is expected to experience a capital expenditure peak in 2025 and 2026 due to new factory openings, which may temporarily affect profit margins but is anticipated to enhance long-term revenue and profit elasticity [4] Adjustments to Forecasts - The revenue forecast for 2024 has been adjusted from 23.5 billion to 24 billion, while the net profit forecast has been revised from 3.893 billion to 3.841 billion [5] - The earnings per share (EPS) forecast for 2024 has been adjusted from 3.34 to 3.29 yuan, with 2025 and 2026 EPS forecasts maintained at 3.89 and 4.48 yuan respectively [5] - The price-to-earnings (PE) ratios for 2024, 2025, and 2026 are projected to be 20, 17, and 14 respectively, indicating a favorable valuation given the potential for market share growth and rapid expansion [5]
华利集团(300979):24Q4及25Q1受新工厂效率爬坡影响
HUAXI Securities· 2025-03-13 02:09
Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company is expected to achieve a revenue of 24 billion CNY and a net profit of 3.84 billion CNY in 2024, representing a year-on-year growth of 19.35% and 20.0% respectively, primarily driven by the new factory's production and improving worker efficiency [2][4] - The company plans to distribute a dividend of 20 CNY per 10 shares, with a dividend payout ratio of 61%, which is an increase of 17 percentage points year-on-year, resulting in a dividend yield of 3% [2] - The company has initiated a partnership with Adidas, with mass production expected to start in September 2024, and has opened three new factories in Vietnam and one in Indonesia [3][4] Financial Summary - The company’s revenue for 2024 is adjusted from 23.5 billion CNY to 24 billion CNY, while the net profit forecast is adjusted from 3.893 billion CNY to 3.841 billion CNY [5] - The earnings per share (EPS) for 2024 is adjusted from 3.34 CNY to 3.29 CNY, with forecasts for 2025 and 2026 remaining at 3.89 CNY and 4.48 CNY respectively [5] - The price-to-earnings (PE) ratios for 2024, 2025, and 2026 are projected to be 20, 17, and 14 respectively, indicating a favorable valuation outlook [5][8] Sales and Production Insights - In Q4 2024, the company achieved a sales volume of 22.3 million pairs and an average selling price (ASP) of 107 CNY, reflecting a year-on-year growth of 18% in volume and 2% in price [3] - The production capacity utilization rate in Q4 was approximately 100%, an increase of 2 percentage points year-on-year [3] Market Position and Competitiveness - Despite concerns regarding inventory replenishment and profit margin impacts from new factory production, the company has opportunities for market share growth with major clients like Nike and Adidas, as well as additional contributions from brands like ON, NB, and REEBOK [4] - The company is expected to experience a capital expenditure peak in 2025 and 2026 due to new factory openings, which may temporarily affect profit margins but is anticipated to enhance long-term revenue potential [4]
潮汕为何掉队?
投资界· 2024-12-07 07:14
以下文章来源于秦朔朋友圈 ,作者巫珩 秦朔朋友圈 . 秦朔朋友圈是由中国著名媒体人、财经观察家秦朔牵头创立的一个新媒体与专业服务品牌,包括微信公众号、微博、视频节目、音频节目等。内容聚焦于 经济、金融和商业领域,关注重点为全球和中国财经商业热点、企业家精神、创新与发明创造、商业文明探索等。 一个遗憾。 作者 I 巫珩 来源 I 秦朔朋友圈 在香港,李嘉诚连续20年登顶亚洲首富。四大富豪之一的刘銮雄,以"股市狙击手"和"铜锣湾铺王"著称,成为香港商界的一大传奇人 物。 再远眺海外,立邦漆创始人吴清亮2 02 1年登上新加坡首富,被誉为"亚洲漆王"。正大集团创始人谢氏兄弟,连续多年霸占泰国首富, 业务小到作物种子和鱼肉供应,大到信息通讯、银行房产,几乎可以说涵盖了泰国人的一生。此外,加拿大、欧洲、澳洲等地的华人 首富桂冠也曾由潮汕人拿下。 正是这些风云人物,将潮汕帮推向了顶级商帮的地位。然而,当我们将目光转回到潮汕老家,却发现这片土地并没有想象中那么发 达,甚至最常听到一句评价,汕头是最落后的经济特区。 为什么反差会如此之大?我先来给你分享一个故事。 (ID:qspyq2015) 潮汕帮有多风光,可能潮汕就有多失 ...
宝胜国际(03813) - 二零二四年十月之每月收益公告
2024-11-11 08:42
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 寶勝國際( 控 股 )有 限公司 (於百慕達註冊成立之有限公司) (股份代號:3813) 二零二四年十月之每月收益公告 本公司為聯交所主板上市公司裕元的子公司。按照國際財務報告準則,裕元被 視為臺灣證交所上市公司寶成工業之子公司。寶成工業根據臺灣證券交易所的 規例規定刊發每月收益公告。 由於裕元於今日公佈其若干綜合財務資料,故本公司根據上市規則第13.09(2)條 及證券及期貨條例第XIVA部刊發本公告,確保及時向投資者提供最新資料。 寶勝國際(控股)有限公司(「本公司」)為香港聯合交易所有限公司(「聯交所」)主 板上市公司裕元工業(集團)有限公司(「裕元」)的子公司。按照國際財務報告準則, 裕元被視為臺灣證券交易所股份有限公司(「臺灣證交所」)上市公司寶成工業股份 有限公司(「寶成工業」)之子公司。根據臺灣證券交易所股份有限公司對上巿公司 之資訊申報作業辦法(經不時修訂)(「臺灣證券交易所的規例」)規 ...