The market showed signs of recovery in March after poor earnings in January and February. Listed companies in the textile machinery industry have recently released annual reports for 2022 and performance reports for the first quarter of this year, showing this common feature.
On the whole, due to the order settlement reason profit will be delayed to cash, so the first quarter of listed companies in the spinning machine is not bright, operating income and net profit mostly showed a significant decline. Among them, Jinlun, Yuejian intelligence appeared different degrees of losses, indicating that the development of the enterprise is still facing greater pressure.
No matter how the performance is in the report period, with the economic recovery and steady improvement of development quality since the beginning of this year, many listed enterprises still adhere to combine their own industrial characteristics and professional advantages, around the requirements of high-quality development, to improve quality and efficiency, innovation-driven, intelligent transformation as the focus, to accelerate the pace of transformation and upgrading.
Revenue growth slowed
Jingwei Textile Machinery Co., LTD. (hereinafter referred to as "Jingwei Textile Machinery") recently disclosed the first quarter performance announcement shows that Jingwei Textile machinery operating revenue of 1.761 billion yuan, down 7.10% year-on-year; Net profit attributable to shareholders of listed companies was 97,48,600 yuan, down 28.32% year on year; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 890.94 million yuan, down 30.58% year on year. In the first quarter, revenue and net profit attributable to shareholders of the listed company fell year-on-year due to increases in receivables for goods sold and input material expenses.
According to Jingwei's annual report for 2022, during the reporting period, the company achieved an operating revenue of 7.95 billion yuan, with a year-on-year growth of 6.31%. Net profit attributable to shareholders of listed companies was 454 million yuan, down 24.42% year-on-year. In 2022, despite the impact of the epidemic, Jingwei's revenue in 2022 increased to a certain extent thanks to a series of measures such as continuous promotion of informatization strategy, strengthening the deep integration of marketing services and informatization, and expanding the application of quality management informatization.
According to the quarterly report of Zhejiang Yuejian Intelligent Equipment Co., LTD. (hereinafter referred to as "Yuejian Intelligent"), the company's operating income in the first quarter was 205.6 million yuan, down 38.46% compared with the same period last year; Net profit attributable to shareholders of listed companies was 26,089 million yuan, down 47.00% from the same period last year. The main reason for the decline in performance is that the decline in user demand leads to the decrease in the sales revenue of the refueling machine.
The revenue of Ningbo Cixing Co., LTD. (hereinafter referred to as "Cixing Shares") in the first quarter of 2023 was about RMB 530 million, with a year-on-year increase of 12.01%; Net profit attributable to shareholders of the listed company was approximately 38.14 million yuan, an increase of 29.36% year-on-year. This is an improvement from 2022. In 2022, the flat knitting machine industry will face great downward pressure as the demand of the downstream consumer market continues to decline and the production, logistics and transportation of flat knitting machine enterprises are constrained by the overall environment. Therefore, Cixing shares that year achieved revenue of 1.901 billion yuan, down 10.8% year on year; Net profit of 77.0746 million yuan, an increase of 4.98%; Net profit attributable to shareholders of listed companies reached 91,264,600 yuan, up 3.50% year on year.
Hangzhou Honghua Digital Technology Co., LTD. (hereinafter referred to as "Honghua Digital Technology") released the 2022 annual report and the report of the first quarter of 2023, in 2022, the revenue of Honghua digital Technology was 895 million yuan, down 5.15% year on year; The net profit of returning mother was 243 million yuan, up 7.24 percent year-on-year. In the first quarter of 2023, Honghua Digital Technology achieved a revenue of 283 million yuan, with a year-on-year growth of 2.59%; Net profit of returning mother was 64 million yuan, down 12.16 percent year on year.
In 2022, due to the prominent advantages of industrial chain extension, the profitability of Honghua Digital Technology has been greatly improved, with the comprehensive gross profit rate reaching 47.2%, a year-on-year growth of 4.6%; Net interest rate reached 28.01%, up 3.8% year-on-year. Affected by the domestic market downturn and other factors, Honghua ink plate to achieve contra growth, sales growth of 30.24%, revenue growth of 18.14%. In 2022, the overseas demand performance of Honghua Digital Technology was better, and the export revenue of the main business increased by 31.01% year-on-year, accounting for 51.39%. In the first quarter of 2023, the performance of Honghua Digital technology improved, mainly due to the promotion of digital printing process replacement rate driven by the company's digital printing equipment and matching ink products sales continued rapid growth.
According to the 2022 annual report and 2023 quarterly report released by Beijing Dahao Technology Co., LTD. (hereinafter referred to as "Dahao Technology"), the business revenue of Dahao Technology in 2022 was 1.598 billion yuan, with a year-on-year growth of 6.16%. Among them, the revenue of electronic control system of knitting machinery was 416 million yuan, accounting for 26.03% of the total revenue. In the first quarter of 2023, Dahao Technology achieved further growth, operating income of 426 million yuan, a year-on-year growth of 7.26%.
Focusing on the requirements o
