Buy The Mine: Tianshan Textile Through Mining

Energy is an industry that diversified investment in textile and garment enterprises. For many years, enterprises have invested in areas such as mines, photovoltaic and so on.

In fact, it is very well understood that the copper and other minerals involved are non renewable resources. The feeling of holding this resource is like "having food in your hands and not panic in your heart".

Tianshan textile is currently implementing the idea of "doing well in the worsted weaving industry, making it bigger and stronger in mining industry".

In July 30, 2013, Tianshan textile restructuring was approved by the China Securities Regulatory Commission.

In accordance with its previous agreement with Xinjiang Katie mining and Qinghai snow science and technology to buy assets agreement and supplementary agreement, the company intends to grant the 50% stake in Xinjiang west mining industry held by Katie mining and the 25% stake in Qinghai Mining Technology Holdings Limited.

In September 26, 2013, 75% of the shares of Xi Tuo mining were pferred to Tianshan textile.

In 2013, the sale of copper concentrate and zinc concentrate increased due to the formal commissioning of the west mining industry. The sales income of Tianshan textile and mining industry was 349 million 800 thousand yuan, up 682.79% from the same period last year.

Over the same period, its textile business realized revenue of 209 million yuan, down 16.08% compared with the same period last year.

The sharp increase in mining revenues has greatly compensated for the decline in the main industry, driving the company's main business revenue up 90.04% over the same period last year.

In the first half of 2014, the company's mining industry was affected by the price of copper metal, and the operating income and gross profit margin of the company were all lower than that of the same period last year. During the period, the mining industry achieved a revenue of 135 million yuan, down 18.89% compared with the same period last year, and the gross profit margin also dropped by 11.86%. Nevertheless, it still realized a net profit of 37 million 664 thousand and 200 yuan.

In the same period,

Due to the reduction of export orders and the increase of product costs, the net profit of the 6 woolen subsidiary companies is on the whole.

However, the profitability of the mining industry led to the overall loss of the textile industry in the first half of the year, and realized a net profit of 14 million 149 thousand and 700 yuan, an increase of 5.64% over the same period last year.

Tianshan textile, which is deep in the mire of loss, has finally gained the sweetness of diversified investment.

In June 7th of this year, the name was not changed.

Also announced that it intends to invest with Xinjiang Tianyu Tong Chuang.

Tianlong Weiye invested in a joint venture to set up Xinjiang de Mo mining in Urumqi, Xinjiang.

German cotton shares invested 40 million yuan, accounting for 40% of the registered capital of Xinjiang's de cotton mining company; Tianyu co invested 30 million yuan, accounting for 30%; and Tianlong Weiye invested 30 million yuan, accounting for 30% of shares.

In September 25th, the German cotton joint stock company announced that it was involved in the iron mining industry, and the cooperation between the Xinjiang holding company and the Kun Ming mining industry in Hami city invested in the construction of the first phase technical pformation project of qinmao Town, Hami. It is responsible for running the crushing process of mobile crushing station and the main process and auxiliary work of mining and rock stripping.

The initial investment is 60 million yuan, and the duration of cooperation is 5 years. The total amount of the project cooperation agreement is estimated to be about 1 billion 70 million yuan.