2020 is an important historical period for China’s industrial structure upgrading, economic structure changes, and development mode transformation. The external environment has also undergone profound changes this year: the strategic competition between China and the United States has reached an unprecedented intensity, the COVID-19 epidemic has caused countless casualties, and global polarization and social division have become extremely fierce.
As a traditional pillar industry of the national economy and an industry deeply integrated with the global industrial chain, my country’s textile industry has shown strong resilience in the face of unprecedented environmental tests and development pressures. It has made outstanding contributions in fighting the epidemic, stabilizing employment, protecting people’s livelihood, and promoting development. Among them, various listed companies in the textile and apparel industry have taken the initiative and persisted in innovation in the face of unprecedented challenges such as market fluctuations and the new normal of industry development. In accordance with the country’s requirements for resuming economic development as soon as possible and urgently providing anti-epidemic prevention and control materials, we have made every effort to promote and complete the resumption of work and production tasks. Many listed textile companies have also made urgent arrangements to invest in new (expanded) textile protective equipment based on the needs of the frontline anti-epidemic. production capacity. It has made important contributions in accelerating the improvement of endogenous development momentum, leading the innovative development of the entire industry and maintaining the smooth operation of the textile economy, fully demonstrating the responsibility and capability support of the vanguard of industrial development.
According to the statistical data of the annual reports of listed companies, the 2020 development overview of 192 listed companies mainly engaged in textile and apparel in Shanghai and Shenzhen stock exchanges (hereinafter referred to as “textile listed companies”) is as follows:
The number of listed textile companies
1. According to incomplete statistics, as of the end of 2020, my country’s Shanghai There are approximately 192 listed companies in Shenzhen and Shenzhen that are mainly engaged in textile and apparel. Compared with the statistical base of 176 companies last year, the new additions mainly include 18 newly listed companies through IPO this year and 2 companies that were eliminated due to changes in their main business.
2. The 192 listed textile companies accounted for 4.65% of the Shanghai and Shenzhen stock markets, a decrease of 0.06 percentage points from the end of 2019.
3. Among the 192 listed textile companies, 88 are listed on the main board and 2 are listed on the Science and Technology Innovation Board; 73 are listed on the main board of Shenzhen Stock Exchange and 29 are listed on the GEM (accounting for 45.83% respectively) %, 1.04% and 38.02%, 15.10%). As shown in Figure 1 below:
Number of employees of the second textile listed company
According to statistics, as of the end of 2020, the total number of employees of listed textile companies was 824,100, a decrease of 4.61% compared with the previous year. With the adjustment and upgrading of the national economic and industrial structure in recent years, as well as the impact of multiple factors such as high labor costs and the replacement of manual operations by intelligent equipment, the number of employees in listed textile companies has continued to decrease. Relevant statistics show that the number of employees in listed textile companies has decreased by 64,200 in the past three years, with an obvious trend of decline year by year. As shown in Figure 2 below:
The market value of Santex listed companies
1. As of the end of 2020, the total market value of listed textile companies in Shanghai and Shenzhen was approximately 1.965878 billion yuan, an increase of 40.67% compared with the total market value at the end of 2019, and the (annual) growth rate increased by 11.19 percentage points. Among them, Hengli Petrochemical (600346.SH), Rongsheng Petrochemical (002493.SZ), and Dongfang Yuhong (002271.SZ) ranked the top three with 196.884 billion yuan, 186.377 billion yuan, and 91.148 billion yuan respectively.
2. Looking at the distribution of market value, there are 42 listed companies with a market value of over 10 billion, accounting for 21.19%. The distribution of market value of listed textile companies at the end of 2019 and 2020 is shown in Figure 3 below:
3. From chemical fiber manufacturing, clothing and apparel, textile machinery, industry Looking at the market value statistics of the five major textile sub-sectors of textiles and home textiles, the market value of the chemical fiber manufacturing sector increased by 75.66% in 2020, accounting for 38.07% of the entire textile and apparel sector (an increase of 7.58 percentage points from the previous year) ; The market value of the industrial textiles sector increased by 104.73%, accounting for 19.42% of the entire textile and apparel sector (an increase of 6.08 percentage points from the previous year, rising from third to second in 2019); the market value of the clothing and apparel sector increased by 5.99%, accounting for 16.59% of the entire textile and apparel sector (a decrease of 5.42 percentage points from the previous year, falling from second to third in 2019); the textile machinery and home textile sectors accounted for 16.59% of the entire textile and apparel sector. The proportions in the sector were 4.50% and 2.39% respectively, and the proportion of market value in these five sub-sectors has declined (0.84 percentage points and 0.31 percentage points respectively compared with the previous year). As shown in Figure 4:
Four new listings
1, 2017 Since the year, under the guidance and full promotion of the China National Textile and Apparel Industry Federation, the investment and financing work in the textile and apparel industry has been further strengthened, the industry-financing cooperation and capital operation capabilities of textile and apparel enterprises have been continuously improved, and financing channels have been continuously expanded.
Relevant statistics show that a total of 18 new textile and apparel stocks were listed in 2020, accounting for 4.55% of the annual IPO companies in Shanghai and Shenzhen. Textile and apparel companies have achieved rapid growth in the number of IPO listings and fund-raising scale, which is the first step in the past two decades.The joint performance evaluation results were slightly worse than those of the previous year, but the overall operation situation was basically stable. The evaluation data reflects that the capital structure of listed textile companies has become more optimized, the solvency of listed textile companies has generally improved, and corporate risk awareness and prevention have been further strengthened.
2. In 2020, the HIS health index (average value) of textile and apparel listed companies in Shanghai and Shenzhen was 80.12, an increase of 5.90 points from the previous year. Judging from the test scores (HIS value), listed textile companies in 2020 have entered a healthy state again. It shows that in the past year, listed textile companies have focused on the optimization and adjustment of capital structure, the potential risks or unstable factors that may exist in the operation and development of enterprises have been reduced, and the solvency and risk awareness prevention have been significantly improved. The health index (HIS score) of listed textile companies over the years since 2010 is shown in Figure 11 below:
Twelve Textile Listed Companies in 2020 Ranking of the top 30 companies in each major single indicator
1. Top 30 companies in market capitalization
2. Main business Business income TOP30
3. Net profit TOP30
4. Net assets year-on-year growth rate TOP30
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