Small And Medium-Sized Textile Enterprises Will Face New Opportunities With The Opening Of Beijing Stock Exchange

On the morning of November 15, the opening ceremony of the Beijing stock exchange was held. The Beijing stock exchange, which has attracted much attention, officially opened the market, and 81 first batch of listed companies made a collective appearance. It is reported that the 81 enterprises listed in the first batch have stable operation and outstanding growth, covering 25 major industries of the national economy, 17 of which are specialized, special and new "small giants". The advanced manufacturing industry, modern service industry, high-tech manufacturing industry, high-tech service industry, strategic emerging industry and other enterprises account for 87%, with an average R & D intensity of 4.2%. This fully reflects the market positioning of Beijing stock exchange to serve innovative small and medium-sized enterprises, which also means a big benefit for the textile and garment industry.

In recent years, small and medium-sized textile enterprises have been faced with the problems of rising production costs, difficult financing and expensive financing, and insufficient innovation and development capacity. At present, the financial level of the new policy to support the development of small and medium-sized enterprises to release a positive signal, take the road of "specialized special new" textile small and medium-sized enterprises really will come.

The opening of the Beijing stock exchange will further enhance the ability and level of China's multi-level capital market to serve small and medium-sized enterprises. After the establishment of Beijing stock exchange, it will better meet the needs of innovative small and medium-sized enterprises in terms of fund raising, merger and reorganization, transaction valuation and other basic functions, and help small and medium-sized enterprises achieve better and faster development.

Since the beginning of this year, a series of policies and measures have been issued to support the high-quality development of "specialized, special and new" small and medium-sized enterprises. It is clearly proposed that during the "14th five year plan" period, millions of innovative small and medium-sized enterprises, 100000 provincial-level "specialized and special new" enterprises, 10000 specialized and special new "small giant enterprises" and 1000 "single champion" enterprises should be cultivated, and strive to achieve 2025, The pattern of gradient cultivation has basically taken shape, so as to better promote the upgrading of the industrial base and the modernization of the industrial chain, so as to help the real economy move towards high-quality development. This has brought confidence and impetus to the development of the textile industry with small and medium-sized enterprises as the main body.

In the textile industry, small and medium-sized enterprises account for more than 90% of the industry, distributed in the upper, middle and lower reaches of the whole industrial chain. They are important forces to expand employment, improve people's livelihood, promote entrepreneurship and innovation, maintain creativity and development toughness.

A large number of "specialized and special new" small and medium-sized enterprises are at the advanced level of the industry in technology, products, management, research and development, and have their own unique advantages and highlights, so they are also known as "invisible champions". At present, China's textile industry promotes and cultivates "specialized and special new" enterprises, whose technical achievements are widely distributed in many fields of textile industry chain, such as new fiber materials, intelligent manufacturing, creative design, digital technology, etc., which makes up for the short board of China's textile industry in some fields, and greatly improves the whole society's cognition of the new image of "science and technology, fashion and green" of the textile industry.

According to Beijing Youth Daily, the first batch of 81 enterprises in Beijing stock exchange will have an average revenue of 600 million yuan and an average net profit of 69.38 million yuan, based on financial data in 2020. Among them, 78 enterprises with operating revenue of more than 100 million yuan, accounting for 96.3%; There are 39 enterprises with net profit exceeding 50 million yuan, accounting for 48.15%.

Among them, the compound annual growth rate of total revenue of Jilin Carbon Valley in recent three years is more than 40%, showing a higher and more stable growth. As a leading enterprise of carbon fiber precursor in China, Jilin Carbon Valley Co., Ltd. is mainly engaged in the research, production and marketing of carbon fiber precursor and carbon fiber. The profit will increase significantly in 2020, mainly because the company's series products of large bundle carbon fiber precursor are recognized by the market, and the production and sales are booming; The average price and unit consumption of the company's products decreased, mainly due to the fall of raw material prices and the steady rise of gross profit rate. In the third quarter performance report just released, the production and sales of Jilin Carbon Valley continued to increase from July to September this year, and the revenue increased by 72.03% year-on-year.

Carbon fiber industry is a national strategic emerging industry, which has irreplaceable advantages in the fields of national defense and security, aerospace and other fields. Due to the use of carbon fiber, developed countries continue to strictly control the carbon fiber industry, including the implementation of high-end import equipment restrictions, price control, etc., trying to suppress the development of carbon fiber industry in other countries. At present, Jilin Carbon Valley is realizing stable and large-scale production of large tow polyacrylonitrile based carbon fiber precursor products through further technical research and construction of new production lines. The product structure has formed a new situation in which industrial and civil grade large tow products are the main products, while small tow and large tow products are developing together.

Industry insiders pointed out that the future development of domestic carbon fiber market is sustainable, and will maintain a rapid market growth, which will also drive the growth of domestic carbon fiber precursor demand. With this wave of hot market and multi-level national policy guidance, small and medium-sized enterprises represented by Jilin Carbon Valley may take advantage of the wind and accelerate their growth. The improvement of the ability level of "specialized and special new" small and medium-sized enterprises is related to the core competitiveness of the industry, which is of great significance for the industry to supplement and strengthen the chain, and to build a modern textile industry economic system.

Song Zhiping, President of the China Association of listed companies, said that the establishment of the Beijing stock exchange will play a positive role in stimulating the vitality of small and medium-sized enterprises, highlighting enterprise value and standardizing corporate governance. With the power of capital, a number of high-quality innovative small and medium-sized enterprises can be better and stronger; More innovative enterprises "raised in boudoir unknown" will be able to "become famous all over the world". While promoting the deep integration of science and technology and capital, Beijiao will provide more opportunities, greater space and stronger vitality for the high-quality development of small and medium-sized enterprises.