Hundreds Of Millions Of Businessmen Out Of Small Dyeing Houses

　　 Recently, public and shares landed in Shenzhen. SME board The company opened its stock price at 15 yuan, which was more than expected by many stock analysts. The final closing price was 14.42 yuan, up 63.12% from the issue price. Closing quotation The price and the total market capitalization of the public and the stock reached 1 billion 557 million yuan, the chairman of the company. Xu Jin And family shareholding reached a market value of 780 million yuan.

In 1987, Xu Jin opened a small dyeing workshop with 50 thousand yuan. Less than 20 years later, the company became the largest cotton leisure fabric printing and dyeing enterprise in the province.

In recent years, the listed companies in the textile industry have suffered from the cold market. They are Fujian Nanfang and phoenix bamboo textile companies, which are listed textile enterprises in Fujian. The share price is not satisfactory compared with the big market. And the performance of the public and shares after listing is strong, not only the absolute value of the stock price reaches 14.42 yuan, but also the increase is considerable.

Although the post market performance is satisfactory, however, the listing of public and shares can be described as twists and turns. Xu Jinhe told reporters, "the company issued for 6 years, during which the three change of the SFC issuing system."

Reporters learned that, as a partner of the public and shares, the seven wolves issued only two months earlier by the SFC, but the seven wolves were listed in August 2004, while the public and the shares have been waiting for more than two years. In the first half of last year, the shares of the company were about to be issued, but the split share structure reform made the company wait for another year.

Xu Jin and exclaimed: "fortunately, everyone's mentality is relatively good, but also more robust in expansion." although the listing dragged for more than two years, but the company's performance in recent years has been growing steadily. Last year, the company's net profit reached 42 million yuan.

At present, the net profit of Zhonghe shares is over tens of millions of yuan, but the original venture capital is only 50 thousand yuan.

Xu Jinhe said: "this 50 thousand yuan, except for 30 thousand yuan borrowed from the Civil Affairs Bureau in the same period of interest in the bank, all other loans are private loans." this shows the difficulty of starting a business. Not only that, but because there is no money to buy production equipment, Xu Jin and his own hands design, assemble color dyeing machine and dryer and other equipment.

Initially, it was also a dismissive order for some large state-owned enterprises. Putian is known as "shoe city". The local shoe leather enterprises are developing rapidly. The printing and dyeing business of some small shoe enterprises' pure cotton upper cloth is not available by large printing and dyeing enterprises, but Xu Jin he starts digging the first barrel of gold from these small bills.

After the expansion of business, Xu Jin and immediately involved in the field of fabric printing and dyeing, in 1993, Xu Jinhe and the then largest printing and dyeing enterprise in Fujian - Xiamen Hua Lun printing and dyeing company jointly formed the Putian Hua Lun welfare printing and dyeing Co., Ltd. in September.2000, Fujian Putian Hua Lun welfare printing and dyeing Co., Ltd. was renamed Fujian Zhonghe Group Co., Ltd..{page_break}

As the first welfare enterprise in the country to be listed as a whole, the reporter learned that more than 200 of the more than 500 staff members of the company were disabled. In the process of listing, many people, including the staff of the SFC, questioned the quality of the company's production. But Xu Jin said with a loud voice: "the employees of the welfare enterprise are physically disabled, but the quality of the products can not be disabled."

Xu Jin is full of affection for the disabled. He said that many disabled people have lost the opportunity to receive education and are also in the most neglected position in their families. Therefore, a job is extremely valuable to these people.

His concern for disabled employees is reflected in every aspect. Because the company's factories and dormitories are on both sides of the street, the company and the company have spent about 200000 yuan to repair an underground passage in order not to let the disabled get hurt on their way to work. [Page]

Reporters in the public and shares saw that the company's construction project for the fund-raising project has been completed, Xu Jinhe told reporters that the effectiveness of these projects is expected to be reflected in the second half of next year. In addition, the company's fund-raising project is a national enterprise technology center construction projects.

Zhonghe now has a provincial technology development center of more than 50 people, investing tens of millions of yuan of funds to develop new varieties every year, and has also hired the vice president of the French clothing association as a consultant to jointly develop research and development with several French companies. Last year, the funds invested in R & D reached 12 million 500 thousand yuan, which is 30%. of net profit.

Xu Jinhe told reporters: "our products are not available. Our fabrics went to Europe to participate in the exhibition, and they were surprised to see such beautiful fabrics. I wonder if China can produce such a good thing."

The company's current cotton fabric products have successfully entered the international market. Xu Jinhe said with a smile: "entering the international market, we can see the fashion trend." it is reported that the domestic fashion trends are generally less than two years in Europe and America, and the fabric products are too early or too late to enter the market.

In recent years, the development of state-owned printing and dyeing enterprises is not in good condition. Last year, the shares of Xiamen Huayin were auctioned off. With the shares and partners of Xiamen's Lai Fu Trading Company, the shares of Xiamen and China gained 100% of the 81 million 230 thousand shares, and the original partners came together in another way.

The company's trade agreement with Xiamen's Lai Fu Trade will exercise the option to increase the 60% stake in Xiamen Huayin by December 31, 2007. Although Xiamen's stake in China India has been pushed onto the auction platform, Xiamen Huayin is a profitable company. According to the analysis of securities analysts, Xiamen China India realized a net profit of 6 million yuan in the first half of this year, and realized a net profit of 12 million yuan in the second half of the year.

In 2004, Xu Jinhe was elected as "outstanding entrepreneur of Fujian province". In the awarding speech, he said, "state owned printing and dyeing enterprises have trained a lot of excellent talents for our private enterprises." in recent years, the state-owned printing and dyeing enterprises have not achieved very good returns, and have implemented the national reversion. In addition to the purchase of Xiamen China and India, Zhonghe shares also intends to implement the acquisition strategy again. At present, the company has taken a fancy to a Hebei enterprise. Once the acquisition is successful, the company will become the largest cotton dyeing and printing enterprise in China.