Black Peony (Group) Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Black Peony (Group) Co., Ltd.

Founded in 1950, Black Peony (Group) Co., Ltd. has established itself as a key player in the textile and apparel industry in China. Initially focusing on silk production, the company diversified its operations over the years to include various textile products.

By the late 1970s, Black Peony expanded its production capacity significantly, introducing modern machinery and technology, which propelled its growth. In 2001, Black Peony was reorganized into a group company, consisting of multiple subsidiaries specializing in different areas of textile production, including knitting, dyeing, and finishing.

In 2010, the company reported annual revenues of approximately RMB 1.5 billion, reflecting its strong position in the domestic market. Over the following years, Black Peony continued to innovate, investing in sustainable practices and eco-friendly textiles.

As of 2022, Black Peony (Group) Co., Ltd. reported a total revenue of RMB 2.2 billion, with a net income of around RMB 150 million. The profit margin stood at 6.8%, indicative of its effective cost management strategies.

In terms of production capacity, Black Peony operates multiple facilities across Jiangsu Province, which together produce an estimated 30 million meters of fabric annually. The company has also enhanced its export operations, with international sales accounting for approximately 30% of total revenues in recent years.

In addition to its financial achievements, Black Peony has received numerous accolades for its commitment to quality and sustainability, including the ISO 9001 certification and various awards for innovation in textile production. Its focus on research and development has led to the introduction of advanced textile technologies, solidifying its market position.

Looking toward the future, Black Peony (Group) Co., Ltd. aims to further enhance its international presence, targeting a revenue growth of 15% annually through strategic partnerships and expansion into new markets. The company has also expressed intentions to invest over RMB 200 million in sustainable and innovative technologies by 2025, reinforcing its commitment to environmental stewardship and corporate responsibility.

A Who Owns Black Peony (Group) Co., Ltd.

Black Peony (Group) Co., Ltd., a significant player in the textile and apparel industry, has a diverse ownership structure. The company, founded in 1953 and headquartered in Shijiazhuang, China, is primarily engaged in textile manufacturing and is known for its various brands and products. It operates under the umbrella of China National Textile Group Corporation (CNTG), which is a state-owned enterprise. CNTG holds a considerable stake in Black Peony, establishing it as a major shareholder.

As of the latest data from 2023, Black Peony reported total revenue of approximately RMB 8.2 billion (about USD 1.3 billion). The company's assets were valued at around RMB 5 billion (around USD 780 million). The firm has consistently shown a steady growth rate of approximately 5% annually over the past five years.

The company's operational efficiency is notable, with a net profit margin of approximately 10% for the fiscal year 2022. This financial performance places Black Peony in a competitive position within the textile industry. In addition, the company has invested heavily in modernization and sustainability initiatives, allocating about RMB 150 million (approximately USD 23 million) in the last fiscal year alone for upgrading its production facilities and adopting eco-friendly technologies.

Black Peony's strategy includes expanding its international market presence, with exports accounting for about 30% of its total revenue. Key export markets include Europe, North America, and Southeast Asia. Sales in these regions have grown by approximately 15% year-over-year, reflecting an increasing demand for high-quality textile products.

The company's main product lines include apparel textiles, home textiles, and finishing products, with apparel textiles contributing to nearly 60% of total sales. Black Peony's commitment to quality and innovation has allowed it to build a strong brand reputation both domestically and internationally.

In terms of employment, Black Peony (Group) Co., Ltd. is a major employer in the region, with approximately 5,000 employees, fostering a skilled workforce dedicated to maintaining and enhancing the company's production capabilities.

Black Peony (Group) Co., Ltd. Mission Statement

Black Peony (Group) Co., Ltd. focuses on the production and distribution of high-quality textiles and apparel. The company aims to enhance the global textile industry through sustainable practices and innovative designs. Their mission statement emphasizes a commitment to quality, environmental sustainability, and global competitiveness.

Their objectives include:

• Delivering premium quality products to consumers.
• Implementing eco-friendly production processes.
• Expanding their international market presence.
• Investing in technological advancements to streamline operations.

As of the latest financial reports, Black Peony (Group) Co., Ltd. has achieved notable milestones that align with its mission. In 2022, the company reported a total revenue of ¥8.5 billion, reflecting a year-over-year growth of 12%. Their operating income stood at ¥1.2 billion, contributing to a net profit margin of 14%.

The company has also engaged in various sustainability initiatives. Between 2021 and 2023, Black Peony reduced its carbon footprint by 20% through the adoption of renewable energy sources in their manufacturing facilities. This effort underscores their commitment to environmentally responsible practices.

Furthermore, Black Peony has committed to investing ¥500 million in research and development within the next three years to innovate new textile materials and sustainable production methods. This investment aims to enhance their product offerings while maintaining environmental integrity.

In 2023, Black Peony's expansion strategy includes entering at least three new international markets, focusing on regions such as North America, Europe, and Southeast Asia. The estimated market size for sustainable textiles in these regions is projected to reach €160 billion by 2025, providing significant opportunities for growth.

To summarize, Black Peony (Group) Co., Ltd. is dedicated to producing high-quality textiles while prioritizing sustainability and innovation, aligning its mission statement with actionable goals and measurable financial performance. Their commitment resonates through continuous improvement and strategic expansion, keeping them competitive in the global marketplace.

How Black Peony (Group) Co., Ltd. Works

Black Peony (Group) Co., Ltd., a prominent player in the textile and garment industry, operates primarily in the manufacturing and distribution of high-quality textiles and garments. Established in 1995, the company has positioned itself as a leader in innovation and sustainability within the industry.

The company's revenue for the fiscal year 2022 was approximately ¥9.5 billion, reflecting a year-over-year growth of 12% from the previous year. This increase can be attributed to both the expansion of their product lines and the rise in demand for sustainable fabric options globally.

Black Peony employs over 10,000 workers across its manufacturing facilities, which are strategically located in various regions of China. The primary production facilities are situated in Jiangsu and Zhejiang provinces, which are known for their advanced textile manufacturing capabilities.

In terms of market positioning, Black Peony has carved out a niche by focusing on eco-friendly practices. The company has invested around ¥500 million in research and development, which has led to the introduction of a new line of biodegradable fabrics. These innovative materials have gained traction in both domestic and international markets, further enhancing brand loyalty.

The company exports approximately 30% of its products to Europe and North America, with the United States being one of its largest markets, accounting for sales worth around ¥2.5 billion in 2022. Domestically, the company has cultivated a strong presence in e-commerce, with online sales comprising 40% of total sales as of 2022.

Black Peony also focuses on vertical integration to enhance operational efficiency. The company owns its spinning, weaving, and dyeing facilities, which allows for tighter control over the production process and costs. The cost of goods sold (COGS) represents approximately 70% of total revenue, underscoring the importance of managing input costs effectively.

In terms of sustainability, Black Peony is recognized for its efforts in reducing water consumption in its dyeing process by 25% between 2020 and 2022. The company has also committed to achieving carbon neutrality by 2030, aligning with global sustainability goals.

Employee engagement and corporate culture are also priorities for Black Peony. The company offers training programs and workshops, contributing to a workforce turnover rate of less than 5%, which is significantly lower than the industry average of 10%.

Financially, Black Peony has maintained a strong balance sheet, with a debt-to-equity ratio of 0.3, indicating prudent financial management and a solid capacity to leverage for future growth opportunities. The company’s return on equity (ROE) stood at 15% in 2022, reflecting effective utilization of shareholder equity.

Overall, Black Peony (Group) Co., Ltd. exemplifies successful operational practices, financial acumen, and a commitment to sustainability, positioning itself as a leader in the textile industry.

How Black Peony (Group) Co., Ltd. Makes Money

Black Peony (Group) Co., Ltd. operates primarily in the textile and apparel industry, focusing on high-end branded products. The company generates revenue through multiple streams, including manufacturing, retail, and export of textiles and garments.

In 2022, the company reported a total revenue of approximately ¥6.2 billion, with a year-on-year growth rate of 8%. The gross profit margin stood at 35%, indicating strong operational efficiency. The net profit for the same year was estimated at about ¥1.2 billion, which reflects a net profit margin of 19%.

Revenue Streams

• Manufacturing: Black Peony is involved in the production of various textile products, contributing nearly 60% of total revenue.
• Retail Sales: The company operates several retail outlets, contributing about 25% of revenue.
• Export: International sales account for roughly 15% of the company's income.

Key Financial Metrics

Cost Structure

The primary components of Black Peony's cost structure include raw materials, labor, and operational expenses. In 2022, raw material costs amounted to approximately ¥3.5 billion, representing 56% of the total costs. Labor costs were about ¥1.5 billion, accounting for 24% of costs, while operational expenses were roughly ¥1.2 billion, or 20%.

Geographic Distribution of Revenue

Black Peony's revenue is geographically diversified, with significant contributions from various regions:

Strategically, Black Peony invests in sustainable practices, with plans to allocate about ¥200 million towards eco-friendly manufacturing practices by 2025. This move not only aims to reduce costs but also positions the company favorably in the global market, where sustainability is increasingly prioritized.

In terms of market trends, Black Peony is expected to benefit from the growing demand for premium textile products, with forecasts suggesting a potential increase in the average selling price per unit by 5% annually over the next five years.