Xinye Textile Receives Government Subsidy.

Xinye textile today issued a notice on receipt of government subsidies that its wholly owned subsidiary, Xinjiang Jinyuan Textile Co., Ltd. received 2 million 223 thousand and 700 yuan of electricity subsidies in April of 2014, which was allocated by the alar Industrial Park Management Committee, and 2 million 161 thousand and 200 yuan from the fourth quarter of 2012 to the fourth quarter of 2013. The total amount of government subsidies would be 4 million 384 thousand and 800 yuan.

Previously, Xinye textile Government subsidies have been received two times. In mid May, Xinye textile received 7 million 880 thousand yuan from the Xinye County Finance Bureau for the 2013 agricultural industrialization cluster development subsidy, and the wholly owned subsidiary of Xinjiang received 1 million 800 thousand yuan of subsidies from the local government. The total subsidy amounted to 9 million 680 thousand yuan.

In late May, the subsidiary received 1 million 169 thousand and 300 yuan and 1 million 374 thousand and 200 yuan of subsidies for the production of cotton yarn in 2013 from the Finance Bureau of the Xinjiang production and Construction Corps. The total amount of 2 million 543 thousand and 500 yuan will be recognized as extra business income.

So far, Xinye textile obtained Government subsidy The total amount reached 16 million 600 thousand yuan, while last year, the government subsidy for the company's annual profits and losses was 14 million 330 thousand yuan. In 2013, the main business revenue of the company was 3 billion 260 million 33 thousand and 100 yuan, an increase of 3.24% over the same period last year. The total profit was 108 million 188 thousand and 900 yuan, a decrease of 2.68% over the previous year, and the net profit attributable to the parent company was 80 million 122 thousand and 700 yuan, an increase of 0.45% over the same period last year.

From a quarterly report, operating profit The total profit and net profit attributable to the parent company decreased by 43.86%, 53.61% and 51.77% respectively over the same period last year. The main reason for the company's explanation is increased management fees and reduced subsidy income. In the first half of the year, the company's net profit attributable to shareholders of listed companies dropped by 10% to 30%.

Related links:

Jiangsu Nantong Comprehensive Bonded Zone textile raw materials trading center Co., Ltd. was established recently, marking the Nantong international comprehensive bonded zone's efforts to build the international cotton and cotton yarn textile raw material trading platform into a substantive stage of propulsion.

Nantong textile raw materials trading center Co., Ltd. is jointly invested by Shanghai Dahua Investment Co., Ltd., Nantong comprehensive bonded zone logistics center, Jiangsu bas International Trade Co., Ltd., Jiangsu gold grape Textile Technology Co., Ltd. and Shanghai East Cui International Trade Co., Ltd., with registered capital of 100 million yuan. It is the first B2B electronic trading platform based on textile raw material (cotton yarn) in China.

Through the online trading system and policy guidance, the trading center will attract large importers, foreign suppliers, retail traders and purchasing enterprises to enter the central business, and strive to build spot trading centers for Jiangsu and the Yangtze River Delta region. Through the introduction of financial support, the third party quality inspection, the third party logistics delivery, the trading center reduces the intermediate links, thereby reducing the operating costs of enterprises, and truly solving the worry of safety and integrity transactions of yarn enterprises.

The first stage of the trading center is mainly imported cotton yarn from India, Pakistan and Vietnam. It can supply 20 thousand tons of cotton yarn per month, providing great cost advantages and spot convenience for Nantong weaving enterprises. The annual transaction volume is expected to reach 5 billion yuan, of which about 2000000000 yuan will be imported in the Nantong comprehensive protection area. The two phase will develop domestic cotton yarn and grey cloth trading, and the annual turnover will exceed 10 billion yuan. The trading center is expected to start operation at the end of June. It will play a positive role in further enhancing the competitiveness of Nantong's textile industry.