On the 28th, Wuhu Fuchun Dye And Weave Co.Ltd(605189) ( Wuhu Fuchun Dye And Weave Co.Ltd(605189) ) disclosed the 2021 annual report. The company achieved an annual operating revenue of 2.175 billion yuan, an increase of 43.57% over the same period of the previous year; The net profit attributable to the shareholders of the listed company was 233 million yuan, an increase of 105.39% over the same period last year. The company plans to distribute a cash dividend of RMB 2.00 (including tax) to all shareholders for every 10 shares. This cash dividend plus the Interim Cash Dividend of RMB 62.4 million in 2021 will account for 37.54% of the net profit attributable to shareholders of Listed Companies in 2021, and the remaining undistributed profits will be distributed in the future.
Wuhu Fuchun Dye And Weave Co.Ltd(605189) main business is the R & D, production and sales of colored yarn. The company’s products are mainly colored yarn, that is, after dyeing and finishing, the embryonic yarn is wound into cylindrical yarn suitable for hosiery machine, circular weft machine, flat knitting machine, shuttle loom and other textile machinery. It is widely used in clothing, clothing, home textile and other fields Wuhu Fuchun Dye And Weave Co.Ltd(605189) said in the annual report that with the gradual deepening of the public’s understanding of color science, color is gradually directly linked to the added value of products. Therefore, the research, grasp and application of popular color has become an important work content of the company’s production and R & D department. With the continuous development of the company’s color card and the continuous expansion of the company’s color card, the company advocates the independent development of color card products. Customers can intuitively feel the color and quality of the company’s products through the color card, so as to make choices quickly and accurately. At the same time, through the standardized production of color card, the company ensures the stability of product quality, and prepares goods on a certain scale in combination with historical orders, future market demand and other information, so as to realize full cylinder production and batch production, effectively save factor resources, reduce production costs and speed up delivery.
At present, Fuchun standard color card has covered more than 600 colors of various color systems and has been continuously updated. Most customers use the standard colors of the color card to place orders. The company adopts the business model of “warehouse based production, supplemented by order based production”. This model can basically ensure that major customers can purchase and deliver goods at any time. On the one hand, it shortens the customer’s procurement cycle and improves the customer’s inventory and capital turnover rate. On the other hand, it promotes the company’s low-cost and standardized production, so as to achieve a win-win situation between customers and the company and has obvious competitive advantages.
In 2016, 2017, 2019 and 2020, Wuhu Fuchun Dye And Weave Co.Ltd(605189) was rated as an environmental integrity enterprise. While continuously consolidating environmental protection work, the company attaches great importance to saving high-quality resources. The company implements rain sewage diversion, clean sewage diversion, cold and hot diversion, generally implements heat energy exchange in the production workshop, and uses the clean water treatment system for quality reuse treatment to recycle the cooling water and condensate in the production process. The comprehensive water consumption per ton of colored yarn is lower than the industry standard value, realizing the full utilization of water resources. In March 2018, the company was rated as “Anhui water saving enterprise” by Anhui Provincial Economic and Information Technology Commission, Anhui Provincial Department of water resources and Anhui Provincial Water Conservation Office.
Wuhu Fuchun Dye And Weave Co.Ltd(605189) has an independent R & D team and actively improves its R & D level through industry university research cooperation with Wuhan Textile University, Anhui University of engineering and other universities. After years of technological innovation and process transformation, the company’s main products have reached a high level in the industry in terms of color, levelness, dye permeability and color fastness. The company is a national high-tech enterprise with “provincial recognized enterprise technology center”. It has won 17 high-tech products in Anhui Province, 2 new products in Anhui Province and 1 third prize of science and technology in Anhui Province. The company’s “Tianwaitian” trademark has won the title of “China famous trademark”, as well as the honorary titles of “China AAA quality credit unit” and “national quality brand integrity trustworthy enterprise”. The company has passed ISO9001 quality management system, ISO14001 environmental management system and OHSAS18001 occupational health and safety management system certification. It is also one of the few enterprises in the industry that have passed the global organic textile qualification certification (gots) and Oeko-Tex Standard 100 certification.
For the future, Wuhu Fuchun Dye And Weave Co.Ltd(605189) said that it would give full play to its competitive advantages, based on the main business of “printing and dyeing”, actively layout the industrial chain, build Hubei production base and Zhuji storage base, realize cross regional development, build color textile projects and realize diversified development of products.
