Cixin Co., Ltd.: Market share to further increase by 2025, proposing a dividend of 0.2 yuan per 10 shares

On the evening of March 30, CIXING Co., Ltd. released its 2025 annual report. During the reporting period, affected by complex factors such as the international environment and industry cycle fluctuations, its knitting machine business faced short-term downward pressure; however, the company’s market share further increased. On the same day, the company also issued an announcement stating that it plans to distribute a cash dividend of 0.2 yuan (including tax) for every 10 shares to all shareholders.

The report shows that the company mainly engages in the R&D, production, and sales of knitting machinery. It is a high-tech enterprise committed to improving the technical level of China’s knitting machinery, advancing the development of knitting processes, and enabling upgrading in the knitting industry. Its main products are intelligent knitting machine equipment. It is among the first batch of domestic enterprises to develop computer knitting machines. It has the most complete range of computer knitting machines in various series and gauge types in the industry, which can meet the needs of different customer groups, and the functions of the company’s equipment can cover and satisfy different target markets.

One of the company’s core competitive strengths lies in its strong innovation and R&D capabilities. The company places great emphasis on technology research and development and has both a postdoctoral workstation and two R&D teams—one domestic and one international. The domestic R&D team brings together a group of senior technical talents who have long focused on the field of computer knitting machines. In addition, the company acquired the steiger brand in full in 2010, retained its R&D team, and built a coordinated mechanism for a “domestic and international dual R&D team.” The domestic team focuses deeply on industry processes, while the Swiss team provides frontier exploration, forming effective complementarity between professional capabilities and innovative thinking. In terms of product innovation, the company has always adhered to independent R&D as the core principle, continuously launched series of flagship products with independent intellectual property rights, and steadily enhanced the core competitiveness of its products.

During the reporting period, the company’s main performance drivers came from the fact that, in recent years, innovation in knitting machine technology combined with the push from corporate marketing strategies has enabled upgrade-type products represented by computer knitting machines with dual-needle systems to drive the market to complete a new round of updates and replacements of computer knitting machines. During the reporting period, the company achieved total operating revenue of 1.948 billion yuan, attributable net profit of 97.3873 million yuan, and its market share further increased.

In addition, the company actively expands international markets, with its sales in countries such as Cambodia and Vietnam showing a significant increase.

Regarding its future development strategy, the company stated that CIXING Co., Ltd. will build on its industry position as a globally leading supplier of intelligent knitting equipment. With the development vision of “weaving infinite possibilities,” it will adhere to the strategic direction of “solidifying the core principal business and strengthening value creation.” It will seize opportunities in the intelligent, green, and flexible transformation of the textile industry. Focusing on four core directions—strengthening the core principal business, deepening technological innovation, expanding high-end markets, and laying out emerging fields—the company will promote high-quality and sustainable development, continue to strengthen its leading position in the industry, and create greater value for shareholders, customers, and society by building a benchmark enterprise in the global intelligent knitting equipment sector.

【Source: China Securities Journal · CSN】