China’s Jack Stands Tall in H1 ’21 Revenues Despite Fall in Sewing Machine Turnover

Updated: Sep 15, 2021

By Apparel Resources

This article was published in Apparel Resources August 25, 2021.


Jack Sewing Machine Co., Ltd. has stood tall in its H1 ’21 revenues. During the period, the company has achieved operating income of US $ 520.15 million, noting a year-on-year increase of 105.20 per cent.


The net profit of Jack valued US $ 39.54 million across product portfolio (sewing machines, cutting machines, hanger system, sewing equipment, etc.), which is 206.47 per cent higher than the profit recorded in H1 ’20.


According to Jack, the growth has been registered mainly due to the rapid revival in consumer demand from developed economies such as Europe and the United States.

The company has made a strategic and production capacity layout in advance to seize textiles, clothing, shoes, hats, bags, furniture, toys, etc.


As far as product-wise revenue is concerned, the gross profit margin of sewing machine products decreased by 4.05 per cent year-on-year, mainly due to the decline in gross profit margin caused by the appreciation of RMB, and the decline in gross profit margin caused by the increase in material costs caused by the rise in bulk commodities.


In terms of regional gross profit margins, foreign gross profit margins decreased by 8.43 per cent year-on-year, mainly due to the decline in gross profit margin caused by the appreciation of RMB and the increase in material costs caused by the rise in bulk commodities.


The financial report of other sewing machine groups shows Jack’s revenues are much better than the other players.


Japan Heavy Machinery achieved sales revenue equivalent to approximately US $ 278 million in the first half of the year, noting an increase of 53 per cent year-on-year, while Japan’s Brother Industries’ sewing machine business achieved sales revenue approximately US $ 145.17 million in the first half of the year, growing 43 per cent on Y-o-Y basis.

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