The Application Of New Australian Stock's Non-Public Offering Was Approved.

Dedicated to downstream clothing Local wool textile leading enterprises in the field of raw materials services -- Zhejiang new Australia Spin Limited by Share Ltd (hereinafter referred to as "new Australia shares"), issued a bulletin in December 29th, the China Securities Regulatory Commission issued a review committee on the company's application for non public issuance of shares in 2016. According to the results of the audit, the application for non public issuance of shares in New Australia shares was approved for approval.

According to the world clothing and shoe net, the new Australian stock is expected to raise no more than 891 million yuan (including issuance fees) of the non-public offering stock. After deducting the issuance cost, it will be used to implement the "30000 spindles compact spinning high-grade ecological textile project", "the annual output of 15000 tons of ecological wool dyeing and finishing relocation project" and the "European technology, development and sales center project".

According to the world clothing and shoe net, the new Australian products are mainly for the high-end clothing market, and domestic partners include baozi, Ya Ying and other high quality clothing brands. Overseas partners include Burberry, H&M GAP and other international famous brands. The proportion of products exported has reached about 50%, and sold to many countries such as the United States, Australia, Japan and Italy. According to the insiders, with the completion of the fixed increase, the production capacity of high-grade wool spinning products in new Australia will continue to expand, and the service quality of dyeing and finishing will be improved, and the quality and competitiveness of products will be further improved.

Hua Xiaowei, a researcher at CITIC Securities, said that as a leading enterprise in the high-end wool spinning industry, new Australia shares, on the one hand, are different from most of the wool textile enterprises in China. They have advanced technology and have many well-known brands, such as "CASHFEEL", "NEWCHUWA" and "new Australia". On the other hand, the company has better channel advantages, and has more than 20 domestic provinces and cities, exporting to North America, Europe, Oceania and East Asia. Through this investment project, it will further consolidate the main business and enhance the overall competitiveness of enterprises. Taking into account the continuous increase in the capacity of enterprises and the continuous expansion of channels, it is estimated that the net profit attributable to parent companies will increase by 19.15% and 17.98% respectively in 2016 and 2017. The total net profit attributable to parent companies is expected to reach 157 million and 186 million respectively.

New Australia shares said that through the implementation of the 30000 spindles compact spinning eco textile project, the company can produce 3300 tons of high quality worsted yarns, mainly cashmere, wool and other natural fibers, which will further meet the needs of high-end brands at home and abroad, increase the competitiveness of products in domestic and foreign markets, and increase the export share of high-end products. 同時，公司通過提升設備的自動化程度，不僅節約勞動用工、提高生產效率，還提高了公司毛紡產品質量和檔次，實現產業升級;通過年產15,000噸生態毛染整搬遷建設項目的實施，公司不僅可形成生態毛染整15,000噸/年的生產能力，進一步滿足了當地毛紡和毛衫行業的染色加工服務需求，更實現了印染產業的轉型升級，大大降低了能源、染料助劑的消耗和污水、COD的排放，實現了節能減排;通過歐洲技術、開發和銷售中心項目的實施，公司可全面落實以自主創新為主，引進消化吸收再創新為補充，以技術攻關、技術創新、產品開發、市場推廣為主要目標，依托科研機構，著眼于國際領先產品和世界紗線流行趨勢，加快新產品開發步伐，加大新技術的引進、消化、吸收、創新和新工藝的推廣應用，開發適合市場需求的新產品，使公司在后續新產品研發和新市場拓展中有強 Strong technical support and good development platform.

According to the world clothing and shoe net, in 2016, the three quarterly report, new Australia shares realized business income of 1 billion 460 million yuan, an increase of 12.50% over the same period last year, and realized net profit of 142 million yuan, an increase of 24.95% over the same period last year.

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