China Weaving Materials Holdings Ltd.
HHKEX:37782.84
HKD
+0.01
(+0.35%)
China Weaving Materials Holdings Ltd.
HKEX:3778
(Hong Kong Exchange)
Recent
price
2.84
P/E
ratio
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div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- China Weaving Materials Holdings Limited is an investment holding company primarily engaged in the manufacturing and trading of yarn products and staple fibers in the People's Republic of China. The company offers a wide range of yarn products including cotton yarns, polyester yarns, polyester-cotton and viscose-cotton blended yarns, viscose yarns, mélange and mélange-cotton blended yarns, as well as polyester staple fibers. It serves mainly the domestic Chinese market through its yarn and staple fiber segments. China Weaving Materials was incorporated in 2011 and is headquartered in Yichun, Jiangxi Province, China. The company focuses on producing fine and medium yarns, including specialized products with advanced properties such as combed cotton fiber and ring-spun tight spinning, enhancing product quality and margin potential. Its product portfolio adjustments have recently emphasized higher-margin polyester-cotton yarn products, especially polyester-fine combed cotton yarns, as part of its strategic response to market conditions and increased competition. Additionally, the company scaled down production of viscose and stretchable core viscose yarn products in 2024 and shifted related production capacity towards other yarn types. Recent major company changes include a strategic portfolio realignment aimed at improving profitability, marked by the cessation of certain viscose yarn productions and a focus on higher-margin melange yarn products which have greater entry barriers. The company also implemented increased automation and production efficiency measures to reduce costs and enhance competitiveness. For 2024, China Weaving Materials forecasts a significant reduction in consolidated net loss or possibly a consolidated net profit driven by increased revenue and improved gross margins in yarn products. It has also adopted an aggressive pricing strategy for certain mass-market polyester yarn products to leverage economies of scale and maintain sales volume. The company’s headquarters remain in Yichun with operational focus mainly in the domestic market, positioning it to benefit from potential textile industry recovery. China Weaving Materials Holdings Limited operates as a leader in the textile industry within Jiangxi Province with a robust production capacity of approximately 0.69 million spindles. It leverages advanced imported equipment, including automatic winding machines from Italy, to maintain production efficiency. The company also benefits from well-developed infrastructure facilitating logistics and timely delivery to its customers. These operational strengths support its market position and ongoing strategic initiatives.