Jiangsu Sainty Corp.Ltd(600287) ( Jiangsu Sainty Corp.Ltd(600287) ) recently released the first quarter report of 2022. In the first quarter, the company achieved a revenue of 855 million yuan, a year-on-year increase of 12.60%; The net profit attributable to the parent company was 133174 million yuan, significantly turning losses into profits over the same period of last year; The basic earnings per share is 0.031 yuan; The weighted average return on net assets increased by 0.95 percentage points year-on-year.
Facing the current complex economic environment, Jiangsu Sainty Corp.Ltd(600287) closely focus on the main business of trade, invest resources, consolidate the advantages of traditional clothing business and strengthen the construction of ability to respond to market changes; Clarify the direction of specialization and create value with specialization; Create differentiated competitive advantages in specific market segments; Actively promote the standardization and refinement of business management and continuously improve the core competitiveness.
In terms of traditional clothing trade, in recent years, the company has adhered to the idea of “platform support and guidance and market-oriented professional operation”, continuously strengthened the capacity-building of the comprehensive support platform for clothing business, strengthened the integration of internal resources, improved the operation and management mechanism of the design, R & D and exhibition negotiation center, continuously deepened the synergy between the support platform and business, and formed a highly integrated supply chain community, Promote the transformation and upgrading of the main business of traditional clothing trade.
At the same time, the company pays close attention to the changes of Global trade rules and policies, focuses on the layout of national strategic development, complies with the new development pattern with China’s big cycle as the main body and China’s international double cycle promoting each other, and speeds up the structural adjustment and model innovation of market, customers and products. Give full play to the advantages of the main business of trade, focus on the demand characteristics of China’s two international markets, Wuxi Online Offline Communication Information Technology Co.Ltd(300959) two modes and traditional and new types of customers, make targeted deficiencies and strengths, shape the core competitiveness of quality, technology, brand and service, give full play to the platform function of garment production enterprises, integrate production capacity and support business. At the same time, with the strong support of the three business comprehensive support platforms, the company makes every effort to explore the Chinese clothing business market, actively cultivate its own clothing brand, and constantly strengthen the popularity and influence of “Shuntian” brand.
While consolidating the traditional clothing trade business, the company accelerated the adjustment of market, customer and product structure, strengthened the business expansion of “dislocation, differentiation and threshold”, and achieved steady growth in the business fields of national key nuclear power project materials, foreign aid business, wood products and so on. According to the data of the company’s 2021 annual report previously released, the circulation revenue of Jiangsu Sainty Corp.Ltd(600287) commodities reached 3.638 billion yuan in 2021, with a year-on-year increase of 36.62%, and achieved significant growth in the field of wood products, ferrous metals and products, food, wine and other subdivided products.
Under the background of “double carbon”, the company firmly grasped the development opportunity, further strengthened the investment in nuclear power steel material supply business, and continued to deepen the strategic cooperation with many large state-owned enterprises. With its strong comprehensive service capability, it has participated in several steel supply projects of nuclear power plants, forming a new high-quality growth point of the company’s main trade. In addition, the company further strengthened the cooperation with the Ministry of Commerce on foreign aid projects and achieved a major breakthrough. In the first quarter, the company overcame various difficulties such as the epidemic and tsunami, and delivered 119 pieces of heavy machinery and equipment to Tonga in a smooth and timely manner. It made a modest contribution to Tonga’s disaster relief and post disaster reconstruction at the first time, and ushered in a “good start” for the company’s foreign aid business in the first quarter of the year of the tiger.
With the continuous improvement of social, economic and cultural level and the continuous improvement of people’s living standards, “quality life” has become the current trend and direction Jiangsu Sainty Corp.Ltd(600287) grasp the trend of consumption upgrading and create a diversified new business form. Aiming at the reform of the consumer market, while continuously expanding the categories of seafood business, the company strengthened the scientificity and rationality of the downstream channel layout. In 2021, the downstream distribution structure was significantly improved, the number of distribution customers increased by more than 100%, the distribution proportion was more balanced, and the types of customers also expanded from wholesale enterprises to local processing plants, catering hotels, e-commerce and wechat merchants. Adhere to the “Shun fresh” and “Shun fresh baby” brands as the core, and actively explore new formats and models. Through cooperation with tmall, jd.com and other well-known Chinese platforms, the depth and breadth of channels have been improved, and the interconnection between traditional wholesale and new retail has been promoted. While strengthening the control of products and channels, the quality control has been strengthened to ensure product quality, and the seafood business has achieved high-quality development. In addition, in 2021, the company obtained the total distribution rights of some mid-range Baijiu products in Nanjing, providing a strong support for the steady development of Baijiu business.
Jiangsu Sainty Corp.Ltd(600287) said that the company will continue to focus on the development strategy of “three stabilities, three modernizations and three drives”, adhere to the realization of high-quality sustainable development as the center and face the challenges. Forge ahead in strengthening traditional advantages, promoting transformation and innovation, deepening risk prevention and control, and accelerate towards the long-term goal of “becoming an international, professional and platform first-class comprehensive service provider”.
