JIAXIN SILK(SZ:002404)2022-12-06 11:11Group 1: Company Overview - The company has a history of over 30 years in silk import and export, with a total import and export volume exceeding $200 million in 2015 [3] - The company operates a comprehensive industrial chain with a production base covering over 500 acres, enhancing its export capabilities and attracting high-end clients [3] - In 2015, the company's self-owned brand achieved a revenue of approximately 120 million yuan, with a focus on e-commerce for silk lingerie and homewear [3] Group 2: Supply Chain Financial Projects - The company introduced the "Golden Silkworm Network" supply chain financial project, highlighting its advantages in supply chain finance and logistics systems [2] - The main funding sources for the supply chain finance include self-owned funds and partnerships with banks, with plans to expand financing through non-public offerings [4] Group 3: Industry Insights - The national output value of silkworm cocoons and raw silk is around 60 billion yuan, with the total industry output value approximately 200 billion yuan [4] - The company is actively establishing logistics and security systems in the silk production areas of central and western China, in line with the national strategy of relocating silk production [4] Group 4: Challenges and Market Conditions - The company's dyeing business faced a decline in revenue and profit in 2015 due to external factors such as falling oil prices and economic conditions in the Middle East [5] - Sales began to recover in the first quarter of 2016 after a period of underutilization of production capacity [5]