Nanshan Zhishang: Dual industrial chains of wool fabric clothing and new materials interact, and revenue and net profit double in the first quarter

On the evening of April 25, Nanshan Zhishang released its first quarter report for 2024. During the reporting period, the company achieved operating income of 359 million yuan, a year-on-year increase of 10.35%; net profit attributable to the parent company was 37 million yuan, a year-on-year increase of 15.37%; and non-net profit was realized 32 million yuan, a year-on-year increase of 4.67%.
In recent years, my country\’s textile industry has faced a complex and severe development situation, which has also put forward higher requirements for the transformation, upgrading and innovative development of textile enterprises.
As a leading company, Nanshan Zhishang responds quickly in terms of risk resistance and initiative. Currently, the company takes \”transformation of high-tech and high-value-added products\” as a breakthrough. While accelerating the digital transformation and upgrading of traditional business sectors, it focuses on the development of new chemical fiber materials. Efforts will be made to create a development pattern of \”dual industrial chain interaction between wool fabric clothing and new materials\” and gradually open up the second growth curve.
The initial fundraising project was successfully completed. In December last year, Nanshan Zhishang completed the first fundraising intelligent upgrade project. The company\’s IPO fundraising project worsted wool production line intelligent upgrade project, clothing intelligent manufacturing upgrade project, and R&D center upgrade and construction project have been completed and put into production. .
Through the realization of the construction of fundraising projects, Nanshan Zhishang has further improved the in-depth integration of industry and digital technology, and gradually realized the intelligentization of the entire link from \”research, production, supply, and sales\” from digitalization of a single link.
The company has successfully built an intelligent and digital production platform to achieve intelligent production management and automated warehousing, further driving production efficiency and product structure improvements.
In addition, Nanshan Zhishang is also continuously increasing its efforts in new product research and development and technical research, and continues to develop a multi-product matrix.
In the traditional woolen textile and apparel business, special products are developed using high-quality ultra-fine wool as the main material and combining various types of fibers.
At the same time, the company has set foot in the field of new materials and further promoted the development pattern of \”interaction between dual industrial chains of wool fabric clothing and new materials\”. Its overall production capacity and yield rate are in the leading position in the domestic industry.
In recent years, Nanshan Zhishang has continued to seize the new material industry, closely following the national green, low-carbon and sustainable development policies, continuing to consolidate and give full play to the advantages of the existing complete wool clothing industry chain, and at the same time actively promoting new materials such as ultra-high molecular weight polyethylene. , project construction of differentiated and functional high-end fiber industry.
In August last year, Nanshan Zhishang’s second phase of 3,000 tons of ultra-high molecular weight polyethylene fiber was fully completed and put into operation.
The company\’s 3,600 tons of ultra-high molecular weight polyethylene fiber production capacity will be fully released in 2024, driving the company\’s overall market share of new material fibers to continue to grow, empowering the company\’s second growth curve, and improving the company\’s overall profitability.
At the same time, Nanshan Zhishang continues to expand its main business and strengthen and strengthen the chain around key links in the textile and apparel industry and the industrial chain. It has launched an 80,000-ton high-performance differentiated nylon filament project. Currently, all work is progressing steadily, and the spinning process has been completed. All tenders for main equipment for filament, winding and texturing are underway, and civil construction is underway.
Nanshan Zhishang said that the company\’s traditional industries are still the cornerstone of stable growth, but the company\’s subsequent expansion will mainly benefit from the development of the new materials industry.
High-end products in the new materials industry have high technical barriers and large market potential. Therefore, the company\’s expansion in the field of new materials will promote significant growth in the company\’s overall scale and performance.
(Source of the article: China Securities Journal·China Securities Network)