On April 30, Jiangsu Sainty (600287.SH) released its quarterly report for 2022, saying that its revenue in the first quarter was 855 million yuan, an increase of 12.60% over the same period last year; its net profit was 13.3174 million yuan, a substantial turnround over the same period last year; basic earnings per share turned to 0.031 yuan per share; and the weighted average return on net assets increased by 0.95% over the same period last year.

Since 2022, the continuous spread of O'Micron mutant has disturbed the process of global economic recovery. In the face of the current complex economic environment, Jiangsu Shuntian closely invests resources around the main business of trade. Consolidate the advantages in the field of traditional clothing business, strengthen the construction of the ability to cope with market changes, define the direction of specialization, create value with specialization, and create a differentiated competitive advantage in specific market segments; actively promote the standardization and refinement of business management, and constantly enhance the core competitiveness.

Clothing trade is steady and steadily strengthening the influence of brands

In recent years, the company adheres to the idea of "platform support and guidance, market-oriented professional operation", constantly strengthens the capacity building of the comprehensive support platform for clothing business, strengthens the integration of internal resources, improves the operation and management mechanism of the design, development and display negotiation center, continuously deepens the cooperation between support platform and business, forms a highly integrated supply chain community, and promotes the transformation and upgrading of the main business of traditional clothing trade.

At the same time, the company pays close attention to the changes of global trade rules and policies, revolves around the layout of national strategic development, conforms to the new development pattern of taking the domestic big cycle as the main body, and the domestic and international double cycles promote each other, we will speed up the structural adjustment and model innovation of markets, customers and products. Give full play to the advantages of the main business of trade, centering on the demand characteristics of domestic and international markets, online and offline models, and traditional new types of customers, targeted to make up for weaknesses, strengths and weaknesses, and shape core competitiveness such as quality, technology, brands and services. give full play to the function of clothing production enterprise platform, play the role of integrating production capacity and supporting business. At the same time, with the strong support of the three business comprehensive support platforms, the company makes every effort to open up the domestic clothing business market, actively cultivate its own clothing brand, and constantly strengthen the popularity and influence of the "Sainty" brand.

Speed up the adjustment of product structure and expand new areas of market service

While tamping up the traditional clothing trade business, the company accelerates the adjustment of market, customer and product structure, and strengthens the business expansion of "dislocation, differentiation and threshold". In the national key nuclear power engineering materials, foreign aid business, wood products and other business areas to achieve steady growth. According to the annual report, Jiangsu Shuntian's commodity circulation income reached 3.638 billion yuan in 2021, an increase of 36.62 percent over the same period last year, and achieved significant growth in wood products, ferrous metals and products, food, beverages and other product segments.

Under the background of the "double carbon" policy, the company firmly grasps the development opportunity, further strengthens the investment in the nuclear power steel supply business, and continues to deepen the strategic cooperation with a number of large state-owned enterprises. With its strong comprehensive service capacity, it has participated in a number of nuclear power plant steel supply projects, forming a new high-quality growth point for the company's main trade industry.

In addition, the company has further strengthened its cooperation with the Ministry of Commerce in foreign aid projects and achieved a major breakthrough. It is reported that Jiangsu Shuntian successfully won a number of foreign aid projects of the Ministry of Commerce in 2021; in the first quarter of this year, the company overcame various difficulties and delivered 119 pieces of heavy machinery to Tonga smoothly and timely, making a modest contribution to Tonga's disaster relief and post-disaster reconstruction, and also ushered in the first quarter of the company's foreign aid business "good start".

Grasp the trend of consumption upgrading and create diversification new business type

With the continuous improvement of social, economic and cultural level and the continuous improvement of people's living standards, "quality of life" has become the current trend and direction. Aiming at the reform of the consumer market, the company's seafood business continues to expand its categories and strengthen the scientific and reasonable layout of downstream channels. In 2021, the downstream distribution structure has significantly improved, the number of distribution customers has increased by more than 100%, and the distribution proportion has become more balanced. Customer types have also expanded from wholesale enterprises to local processing plants, catering hotels, e-commerce and WeChat businesses, and seafood business has achieved high-quality development. In 2021, the company won the general distribution right of some mid-end liquor products in Nanjing, which provided a strong supporting foundation for the steady development of liquor business.

At the same time, the company to cultivate "Shun fresh", "Shun fresh baby" brand as the core, actively explore new business type, new model. Through cooperation with Tmall, JD.com and other well-known domestic platforms, we have continuously improved the depth and breadth of channels, promoted the interconnection between traditional wholesale and new retail, and strengthened the control of products and channels at the same time. Strengthen quality control, ensure product quality, and crown a green and healthy life.

2022 is the connecting link between the preceding and the next during the 14th five-year Plan period. Jiangsu Shuntian said that the company will continue to focus on the "three stability, three modernizations, three drives" development strategy, adhere to the realization of high-quality sustainable development as the center, and face the challenges. We are determined to forge ahead in strengthening traditional advantages, promoting transformation and innovation, deepening risk prevention and control, and accelerate towards the long-term goal of "becoming an international, professional and platform first-class integrated service provider".