ABC KIDS can produce 300,000 medical masks and 5000 protective clothing per day

Another well-known clothing brand has joined the category of resumption of production and production of epidemic prevention materials.

The local full-category professional children's clothing brand, Qiqi Co., Ltd. (hereinafter referred to as "qiqi shares") announced that the company's wholly-owned subsidiary, Zhejiang Qiqi Children's Products Co., Ltd. (hereinafter referred to as Qiqi Children), changed its business scope and added "medical protective clothing , Medical masks, medical goggles, medical gowns, medical shoe covers and other medical protective supplies.

It is understood that the company has more than 60,000 square meters of standard factory buildings and supporting R & D office buildings in the headquarters industrial base of Qingtian. It can quickly transform into a dust-free production workshop that meets the production of medical products in 20 to 30 days. A special fund of 20 million yuan will fully guarantee the implementation of the medical protective equipment project. It is expected that after the project is completed and put into operation, it will produce an average of 4,000-5,000 pieces of medical protective clothing per day; and an average of 200,000-300,000 medical masks per day. Production can be started.

Since the outbreak of the new crown pneumonia epidemic, the demand for textiles such as masks, medical protective clothing, disinfection wipes, etc. has grown rapidly. The relevant non-woven fabric industry leader is engaged in the production of related products and raw materials, and production has been resumed to ensure product supply.

Orient Securities analyst Liu Enyang said that at present, the country is at a critical moment in the prevention and control of the epidemic. From the actual situation, there is a shortage of reserves in protective products everywhere, and all regions have increased their efforts on gloves, masks, etc. Protective products are purchased, and the relevant protective manufacturing enterprises are currently in an overloaded production state with sufficient orders, and the related enterprises are expected to benefit directly. In addition, due to the surge in domestic demand, the supply of protective products such as masks and gloves in overseas markets is also relatively tight.

In the long run, the strategic position of protective products is expected to further improve. Liu Enyang further pointed out that in the past, the market believed that the barriers to low-value consumables were low and the profit margins were relatively low, and they did not pay enough attention. After the epidemic, the market is expected to re-understand protective products. It is expected to become a national strategic reserve, and the market's attention will increase. At the same time, with the help of this epidemic, residents' use habits of protective products, gloves, masks and other products may be further improved, and protective related production enterprises are expected to continue to benefit.

Public information shows that Startup was founded in 2009 and is a well-known brand operator in the domestic children's industry. It is mainly engaged in the design, development, production and sales of children's shoes, children's clothing and children's clothing accessories, and is committed to providing categories for children aged 3-13. Complete and diverse clothing products. The company's "ABCKIDS" is a well-known domestic children's clothing brand. Children's clothing products include T-shirts, pants, sweaters, skirts, coats, down jackets, etc .; children's shoes products include sports shoes, leather shoes, cloth shoes and so on.

According to EuromonitorPassport database statistics, the market share of the top 10 brands in China's children's shoes market in 2018 was 15.20%. ABCKIDS is a leading brand in the Chinese children's shoes market. In 2018, ABCKIDS 'market share reached 3.6%, ranking first in the children's shoes market. In 2018, the top 10 brands in the Chinese children's clothing market had a market share of 10.90%. In recent years, ABCKIDS has performed well in the children's wear market with a market share of 0.5%, ranking seventh in the children's wear market.

The financial report shows that in the first three quarters of 2019, the initial shares realized operating income of 1.06 billion yuan, an increase of 14.04% year-on-year; the net profit attributable to shareholders of listed companies was 151 million yuan, an increase of 2.46% year-on-year. As of the first three quarters of 2019, the number of terminal stores of the company reached 2441, of which 23 were direct-operated stores. During the reporting period, it achieved operating income of RMB 17.5471 million, gross profit margin of 47.73%, and distribution stores of 2,418. Operating revenue was achieved during the reporting period. 318 million yuan, the above stores cover 31 provinces and municipalities.