Bags / Shoes & Accessories

Decathlon foundry, Jiangsu Taimusi Knitting Technology Co., Ltd. was listed on the Shenzhen Stock Exchange on January 11.

The company provides OEM processing services for clothing brands such as Decathlon, Semir Clothing, Giordano, and Cotton Times all year round. According to the prospectus, Taimus plans to issue no more than 26.6667 million shares, accounting for 25% of the total share capital after the issuance, and plans to raise 605 million yuan.

The prospectus disclosed that from January to September 2021, the company achieved operating income of 650 million yuan, an increase of 28.11% over the same period of the previous year; the company's net profit was 80.5448 million yuan, and the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 74.6818 million yuan. Yuan, an increase of 29.91% and 32.78% respectively over the same period of the previous year.

The company's net cash flow was 63.66 million yuan, a decrease of 29.61% compared with the same period of the previous year. The main reason is that the epidemic situation in 2021 will be controlled, production and operation will return to normal, and corresponding costs and expenditures will increase simultaneously.

It is understood that Taimusi is one of the top 100 enterprises in China's garment industry. It was established in 1992 and focuses on the research and development, production and sales of knitted fabrics and knitted garments. As a professional factory for high-end fabric weaving, dyeing, finishing and knitted garment production, Tamus has accumulated decades of experience in related fields, and has cooperated with Decathlon, Semir, Quiksilver, Giordano, Cotton Times and other brands. To provide OEM processing services.

At the listing ceremony, the chairman of Taimusi said that the company will continue to deeply cultivate the clothing industry, continue to optimize products, improve innovative research and development capabilities, and accelerate the transformation from traditional industries to modern intelligent manufacturing enterprises. At the same time, it will also practice the concept of green development and realize the sustainable development of the enterprise.