The Share Price Of Shenzhou International Is Close To 100 Yuan, And The Market Value Has Exceeded 145 Billion Yuan

Since May 30, the share price of Shenzhou International has risen for four consecutive days. Yesterday, it reached a record high of HK $97.35 per share, just one step away from the 100 yuan mark. At present, the total market value of Shenzhou International has exceeded 145 billion yuan.

In fact, as the largest knitting machine in China clothing The performance of Shenzhou International, a manufacturing enterprise, has continued to rise in the past decade, which has driven its share price to rise 100 times from the lowest 0.8 Hong Kong dollars per share in 2008 to the current 96.65 Hong Kong dollars per share, and it has become the largest clothing listed company in China by market capitalization. This year alone, since the opening of the first trading day, the increase has reached 30%.

According to the 2017 financial report, Shenzhou International achieved a total revenue of 18.085 billion yuan in 2017, a year-on-year increase of 19.8%, a net profit of 3.76 billion yuan, a year-on-year increase of 27.6%, and a gross profit of 5.671 billion yuan. Compared with Jingyuan International, a world-famous garment OEM company with Hong Kong shares, Shenzhou International's 20.79% net profit rate and 31.36% gross profit rate are also far higher than its 6.82% net profit rate and 20.31% gross profit rate.

Since this year, with the order growth of Nike and Puma, important customers of Shenzhou International, exceeding 20%, and the acceleration of Adidas sales, it is expected that the company will continue to improve its performance by virtue of its vertical integration industrial advantages and production and R&D strength. In particular, although Sino US trade has been turbulent in recent years, Shenzhou International has already expanded its production base overseas and successively put into production and transferred its capacity.

It is optimistic about the future development of Shenzhou International, including CICC, Deutsche Bank and other investment institutions who have given their recommended buy ratings at the end of May, and believe that their target price is expected to reach 105 yuan to 112.65 yuan. In their view, although the gross profit rate of Shenzhou International may decline by 2.2 percentage points year on year in the first half of this year due to the excessive impact of foreign exchange and factory utilization, with the sharp slowdown of foreign exchange and factory utilization pressure in the second half of this year, and by signing fixed price contracts with major suppliers to reduce the impact of cotton price fluctuations, including Fabric There are long-term gross margin factors, including utilization and coat orders. It is estimated that the net profit of Shenzhou International is expected to reach 4.72 billion yuan to 5.829 billion yuan from 2018 to 2019.