Lu Tai Becomes Xinjiang'S "Land King"

< p > according to the reporter, Lu Tai textile bought a long staple cotton planting base in Xinjiang 10 years ago. Lu Tai textile has become the invisible champion of the land pfer concept in Xinjiang.

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< p > to protect the stability of upstream long staple cotton supply and stabilize the impact of the fluctuation of the cotton market price on the company's profits, Lu Tai textile has been operating in Xinjiang for many years, and has invested 130 thousand mu of quality long staple cotton cultivated land in Xinjiang in the way of investment for land, and has become the "land king" of the listed companies in the Xinjiang area.

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< p > general manager office staff told reporters that the company owns 130 thousand acres of cotton fields in Xinjiang, the company has ownership, and the rest are cooperative forms of land.

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< p > according to the introduction, after participating in the three harvest reform, < a href= "http://www.91se91.com/news/index_c.asp" > Lu Tai textile > /a > with Xinjiang Lu Tai as the base, increasing investment and acquisition strength in Xinjiang.

At present, Xinjiang's Lu Tai owns the right quality long staple cotton base with a land property of 130 thousand mu, and has also managed for a long time a good harvest of three farms, about 100000 acres of other high-quality land, and about 200000 acres of land circulation resources. It has become a truly "land King" in Xinjiang.

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< p > CICC believes that the "building a unified urban and rural land market" mentioned in the the third Plenary Session of the 18th CPC Central Committee communiqu tion is actually land reform, allowing rural land to enter the market directly.

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< p > reporter learned from the relevant materials of the company that in June 2003, Lu Tai textile made use of the three redevelopment opportunities of Xinjiang Awati harvest, and obtained a large number of < a href= "http://www.91se91.com/news/index_c.asp" > long staple cotton < /a > cultivated land resources.

The three harvest of Awati county was founded in 1965. It is located in the southern foot of Tianshan Mountain. It is the alluvial plain of the Akesu River, the Ye Qiang River and the lower reaches of Hetian River. It is a famous long staple cotton production base in China and has 250 thousand mu of land.

In 1998, the three harvest was designated by the Ministry of agriculture as a "demonstration area for high yield cotton tackling project".

In June 2003, in order to change the situation of single cotton production and production in Awati, the government of the county introduced the three pformation of Rutai textile to participate in the harvest, and set up Xinjiang Lu Tai Feng harvest cotton Co., Ltd. (hereinafter referred to as "Xinjiang Lu Tai").

Xinjiang Lu Tai registered capital of 70 million 120 thousand yuan, Lu Tai textile invested 35 million 760 thousand yuan in cash, accounting for 51%; Awati harvest three sites with 38120 acres of agricultural land, 443.6 acres of industrial land and other assets contributed, accounting for 49%.

When Lu Tai was established in Xinjiang, he obtained 50 years of land use warrants for more than 38000 mu of agricultural land and industrial land.

From this calculation, the cost of obtaining more than 38000 mu of land resources in Xinjiang Lu Tai is only about 34000000 yuan, and the land cost per mu is less than 1000 yuan.

In return, Lu Tai invested 50 thousand new cotton combed cotton spinning projects in Awati, with an annual production of 2500 tons of high quality yarn.

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< p > data show that by the end of 2012, the registered capital of "a href=" http://www.91se91.com/news/index_c.asp "> Xinjiang < /a > Lu Tai has increased to 200 million 725 thousand yuan, and the proportion of Lu Tai Textile Holdings has reached 59.92%.

Xinjiang Lu Tai has grown into an integrated enterprise with an annual sales income of nearly 600 million yuan in the integration of agriculture, industry and trade.

Xinjiang Lu Tai has jurisdiction over fifteen production farms, three natural villages, three cotton processing plants and 63 thousand spindle combed cotton mills, with an annual output of 20 thousand tons of cotton and 3000 tons of high count yarn. It has been designated by Xinjiang autonomous region as "the key leading enterprise in agricultural industrialization".

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< p > a securities analyst in Beijing said to reporters: "recently, influenced by the concept of land pfer, Hainan rubber, Hui Long shares, and Ru Niu Shan and other stocks have gained a higher level. At present, they are not the hot spots of the market. The policy of land circulation will be settled in the future. The concept of land pfer will still be well received by funds. Relatively speaking, although Lutai textile sits on several hundred thousand mu of land, its market performance is mediocre, perhaps related to the main textile business of the company."

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< p > recently, the three quarterly report released by Lu Tai textile in 2013 showed that Lu Tai textile business income was 1 billion 578 million yuan, an increase of 12.82% over the same period last year, and net profit of 229 million yuan, an increase of 63.53% over the same period last year.

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< p > closing as of November 15th, the closing price of Ru Tai textile is 8.61 yuan.

Industry analysts believe that after the third plenary session, once the land pfer policy is promulgated, Lu Tai textile has about 200000 mu of land circulation resources, which will have a certain revaluation potential.

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