Ya Yun Shares (603790):2018 Revenue 941 Million

The Shanghai Ya Yun textile chemical Limited by Share Ltd, which focuses on the development, production and sale of new high-end dyes and textile auxiliaries in the middle and high end, has disclosed its annual report in April 19th. During the reporting period, the company achieved a total revenue of 941 million yuan, an increase of 6.51% over the same period, and realized a profit of 154 million yuan, an increase of 11.16% compared with the same period last year. The net profit of shareholders belonging to the listed company was 129 million yuan, up 13.47% over the same period last year.

During the reporting period, the price of dyes rose slightly as a result of tighter environmental policies and changes in supply and demand.

Ya Yun shares of dye and auxiliaries business income has increased, dyestuff business income 638 million, an increase of 3.41% over the same period, auxiliary business income 291 million, an increase of 17.87% over the same period last year.

By the end of 2018, the research and technical personnel of the company were 101, accounting for 20.20% of the total number of companies.

As of December 31, 2018, the company and its subsidiaries had 89 authorized patents, including 81 invention patents, and all of the patents were applied to the production of dyestuffs or textile auxiliaries and pformed into mature products, forming the core technical advantages in the field of high-end and dyestuff production and dyeing and finishing technical services.

The main products of Ya Yun share include two major categories: dyestuff and textile auxiliaries. The company is a relatively large scale enterprise with a small number of dyestuffs and textile auxiliaries in the domestic industry. The dye and textile auxiliaries of the company are all in full range, and the dye products are up to nearly 30 lines. More than 400 products meet different market demands. The textile auxiliaries product models also have nearly 20 series, nearly 300 products, which are suitable for different customers' requirements.

The company's high-end dyes and textile auxiliaries products have a leading position in some high-end printing and dyeing processing market segments, such as worsted wool, cashmere dyed products, post mercerizing or wet cross linked non iron yarn dyed yarn dyed products, which meet all kinds of products of cotton fabrics with high sun and sweat fastness.

During the reporting period, Ya Yun shares increased cooperation with the textile industry chain terminal clothing brand and fabric suppliers, and gradually improved the related service system.

The large database platform of color formulation developed by the company has accumulated over 14 thousand volumes and basically covers most of the colors on cotton, polyester and nylon fibers.

According to the order demand, the platform can quickly predict the formula under different light sources such as D65, A, CWF, TL84, U3000 and so on, and meet the required isochromatic index.

At the same time, it supports the way of uploading color data QTX files to predict the formula, and provides the drying, washing, rubbing and other fastness prediction schemes.

In addition, Ya Yun shares launched a new mobile phone APP software, and the color formula big data platform seamless docking, convenient brand and fabric manufacturers timely decision.

At the same time, the company has increased the provision of popular color cards for the terminal customers. During the reporting period, more than 400 real color cards and recipes were provided for Lining, 361, XTEP, PEAK, Qipai and other brands.

It is also known that Ya Yun shares also provide dyeing and finishing services to well-known brands of textiles and clothing at home and abroad, such as ZARA, Target, IKEA, JC Penny, etc.

Ya Yun shares said that in the next three years, the company will further expand its sales areas and channels, develop and cultivate customers with strong financial strength and high-end products based on strengthening and perfecting the vertical sales area, horizontal segmentation of market products and technical services, and further enrich and refine the subdivision areas, expand the technical service team, improve the technical service capabilities, and strengthen the company's advantages and influence in the application technology, so as to enhance the core competitiveness of the company.

In terms of R & D and innovation plans, the company will strengthen the upgrading of differentiated products in the next three years, strengthen the leading edge of dyeing and aid integration, and innovate various application processes according to customer needs.

At the same time, the company will further improve its technological innovation system and technology center, and further consolidate its leading position in new products and new application technologies.

In the past three years, we have expanded the scale of cotton fabric with reactive dyestuffs, wool reactive dyes, nylon and polyester fabrics in order to attract more customers and downstream brand customers to increase their viscosity.

While adhering to independent innovation, the company will strengthen communication and technical cooperation with universities, industry and enterprises, innovative ability customers, garment fabrics enterprises and research institutes, and create a leading technology team.

In expanding the cooperation and service plan with the terminal garment fabrics, the color management service system of the clothing brand of Ya Yun shares, through the provision of a wide range of management services such as fashion color, color standards, application technology, environmental protection and fastness, will better apply the technology and products of the company to the final end of the textile industry chain.

To achieve the win win situation of clothing brand and fabric business, printing and dyeing industry customers and companies, increasing customer stickiness and promoting sales of dye auxiliaries, thereby enhancing the brand influence of the company.

Ya Yun shares will further strengthen cooperation with the terminal garment manufacturers, and make the brand service more close to customers through the deployment of service centers around the country. At the same time, we should deepen the mining of the market resources of large garment brands and develop more customer resources that will have an impact on the printing and dyeing Market. We will combine new products, new processes and new equipment together to develop a new service mode that is more in line with the fabric brand demand, and comprehensively expand and enhance the company's advantages in application technology and services.

For mergers and acquisitions and overseas expansion plans, Ya Yun shares will consider integration through mergers and acquisitions to enhance the advantages of the company's industrial chain.

In addition, the company will actively develop large direct printing and dyeing customers overseas, and develop more distributors to expand global sales channels.

In 2019, the company's total revenue reached 10.5~12 billion yuan, an increase of 12%~27% over the same period last year. The net profit attributable to shareholders of listed companies was 1.4~1.6 billion yuan, an increase of 9%~24% over the same period last year.