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Fu Sun Shares 188 Million Yuan Increase Subsidiary Company

2010/7/27 16:56:00 112

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Sun Fu Stock

Sun Fu stock

(9.53,0.13,1.38%) today disclosed that in order to change the situation of loss of wholly owned subsidiary Gaomi City Fu day decoration fabric Co., Ltd., the board of directors decided to make the assessed textile equipment 131 million 206 thousand and 800 yuan and its own capital 56 million 793 thousand and 200 yuan, amounting to 188 million yuan, and put it into the decorative fabric company.

After the completion of the capital increase, the registered capital of the decorative fabric company will increase to 218 million yuan.

Upholstery fabric company was founded in 2009, with a registered capital of 30 million yuan, mainly producing and selling tablecloth, decorative cloth, bedding, import and export of goods and technologies.

In the first half of this year, the total assets of the company amounted to 529 million 370 thousand yuan, with net assets of -3452 million yuan, operating income of 35 million 110 thousand yuan, and net profit of 23 million 740 thousand yuan.

Fu Shi shares explain decoration

Textile

The main reason for the serious loss of the company is that the export orders for decorative cloth series products have been greatly reduced due to the impact of the international financial crisis.

At the same time, because the domestic market is still in the process of development, the gross profit margin of domestic products is generally low, although the income of decorative cloth series products has increased over the same period last year, but the overall profitability is relatively low.

And because of the rising price of raw materials and energy, the product structure is complex, the order quantity is small, the delivery time is short, and the production cost remains high.

At the same time, the board of directors of the Japan stock exchange also approved the motion to purchase fixed assets. The company will eliminate 140 domestic looms. It is expected to invest 78 million 750 thousand yuan to buy 120 new high-speed looms and its supporting equipment. At the same time, in order to alleviate the tension of human resources, the company decided to invest 96 million 250 thousand yuan to purchase 40 automatic machines.

Sewing machine

It is estimated that each automatic sewing machine can save 16 operators. In order to make full use of the limited land resources, the company expects to invest 100 million yuan to build two fully automated three-dimensional warehouses, including equipment investment of about 60 million yuan and infrastructure investment of about 40 million yuan.