In The First Half Of This Year, Net Profit Was Only 15 Million 690 Thousand Of The Home Textile Enterprises, Because Jiaxing Property Was Expropriated For 168 Million Compensation.

Zhejiang Golden Eagle Limited by Share Ltd announced in the evening of September 25th that in order to cooperate with the implementation of Jiaxing's overall urban planning, according to the requirements of the quality improvement of Jiaxing's central cities and the overall urban planning, environmental improvement and industrial layout, Jiaxing Zhejiang economic and Technological Development Zone Zhejiang Zhejiang Xinghui Industrial Co., Ltd., a wholly owned subsidiary of Zhejiang Xinghui industrial limited liability company, plans to apply for the housing and land use rights of Jinying silk spinning Co., Ltd.. The Jinying silk spinning is located in Tanghui Industrial Park, Tanghui Road, Jiaxing, 976. The total compensation price and subsidy amount of the levy are tentatively set at RMB 168 million yuan. Jinying silk spinning will sign the relocation compensation agreement with Zhejiang Xinghui Industrial Co., Ltd.


It is understood that the land use rights and housing conditions of Zhejiang Jinying silk spinning Co., Ltd. are as follows:


1. The right holder of land use right registration: Zhejiang Jinying silk spinning Co., Ltd. is located in Tanghui Industrial Park and South Central Road North. The number of warrants is: jiacuguo (2006) 245185th, the right of use area: 67508 square meters.


Owner of housing: Zhejiang Jinying silk spinning Co., Ltd., warrant No.: warrant No. 00180764, No. 00180765, No. 00180766, No. 00180767, No. 00180769, No. 00180779, No. 00180780, 00180781, registered building area: 24767.99 square meters.


2, unregistered building conditions (including nature, area, etc.): 27004 square meters.


Jinying shares said that the move would not have a major impact on the normal production and operation of the company. The company will make corresponding accounting treatment for the above compensation according to relevant regulations.


According to public information, the main business of Jinying shares is the manufacture and sale of Ma, Mao, silk and silk textile machinery complete sets of equipment. Linen spinning, silk spinning, weaving, dyeing and finishing, and garment making. Injection molding machinery series, lithium battery cathode material research, manufacture and sale.


In the first half of 2019, Jinying shares achieved a business income of 528 million 596 thousand yuan, a decrease of 8.7% over the same period last year. During the reporting period, the company achieved net profit of 15 million 693 thousand yuan, an increase of 8.04% over the same period last year. Golden Eagle shares explained that the reason for the change in operating revenue was mainly due to the decline in sales of plastic machinery.


It is reported that the technical level of Jinying's Ma and spun machinery complete sets of equipment is ahead of the domestic counterparts, and the market share has remained above 85%. Over the past 40 years, the company has devoted itself to the development and innovation of the hemp spinning technology and equipment. In 1994, China developed the first generation of flax textile machinery equipment. In 1999, it was led by the China Textile Industry Association. It spent a lot of money to buy up all the famous technologies of the world famous textile machinery manufacturer, which has more than 160 years of manufacturing history. The technology, patents, trademarks and naming rights of linkages, jute, sisal hemp and other complete sets of equipment products at the international leading level of British Mackay company, through digestion, absorption and innovation, has strong advantages for Jinying and Mackay technologies. It has a positive impact on promoting the overall level of China's Hemp textile technology and equipment.


During the reporting period, Jinying shares further strengthened R & D and innovation, strengthened the building of talents, and constantly explored new application fields of textile machinery. Among them, the FX510 spinning machine, which is mainly composed of increasing production and reducing energy consumption, has completed the commissioning. The yarn quality has reached the expected goal. The FX510 collective doffing device has completed the doffing action of pulling, inserting and delivering pipes by means of electrical, mechanical and pneumatic combination, which can reduce the labor intensity and improve the production rate of workers. At the same time, the development of automatic leveling drawing frame is being carried out. The rich product structure provides technical reserves and product upgrading for the company, and promotes the process of intelligent and automation of textile machinery, so as to provide strong guarantee for future development strategy.