"Mask Army" Added The Main Force, Xinye Textile Crazily Smashed 1.2 Billion To Build Spun Nonwovens Project.

Henan Xinye textile Limited by Share Ltd (hereinafter referred to as "Xinye textile") issued a notice at noon on March 3rd, saying that the company will invest 120 million yuan to invest in the construction of high-grade spinning and weaving composite nonwovens in the Xinye textile industrial agglomeration area. The total plant area of the project is 7200 square meters, and the construction of the existing spare plant will be carried out for 6 months. After the completion of the project, it is expected to produce 25 thousand tons of high grade textile composite nonwoven fabric annually, with an annual sales revenue of 425 million yuan and a total profit of 31 million 900 thousand yuan.


Xinye textile said that the above projects were invested in the construction of two high-grade spinning and weaving composite nonwoven production lines, and today's international advanced technology of spinning and weaving composite nonwovens, developing and producing products of health, medical treatment, industrial protection and environmental protection. Spinning and weaving composite nonwovens are the most promising high-tech products in the textile industry. Fine denier spinning, high yield, low consumption and multifunctional composite technology are the trend of the development of international nonwoven technology, and have strong vitality and competitiveness.


It is reported that non-woven materials as a new high-tech basic material, the current global demand has maintained a sustained high growth momentum. High grade nonwovens have become the trend of replacing traditional materials, and the demand for high quality nonwovens has increased dramatically. The market of spinning and weaving composite nonwovens has huge capacity and broad space for development.


Xinye textile said that after the completion of the project, it can improve the overall equipment level of the company, improve the product structure of the company, expand the proportion of high-end products, further enhance the market competitiveness of the company, realize transformation and upgrading, and open up more space.


Reporters learned here that with the continuous improvement of people's living standards and the arrival of worldwide population aging, the performance requirements of nonwovens are getting higher and higher. SMMS nonwovens are mainly used for the production of high-grade medical and health materials, such as disposable masks, protective clothing, surgical gowns, surgical hole towels, sanitary napkins, diapers and other products. The survey shows that in 2010, the market application rate of disposable medical nonwovens in North American market was 87% (the market application rate of disposable surgical hole towels has reached 90%~95%, and disposable surgical gowns reached 80%), while China only 6%.


The mask industry as a traditional "emerging industry" industry chain is complete, the upstream industry chain is mainly polypropylene (PP), polyester and other raw materials, the upstream industry includes PP non-woven fabrics, melted spray cloth, nose bar, ear belt material and mask machine, mask and spot welding machine, mask packaging machine and other production equipment, the downstream industry chain includes mask manufacturers, and includes online and offline. The market circulation link.


It is understood that the main raw material of the mask is polypropylene (Polypropylene, referred to as PP) processing made of non-woven fabric, non-woven fabric is relative to the textile fabric, is non-woven cloth, is composed of directional or random fiber. The core part of medical masks is melt blown non-woven fabrics made of high melt polypropylene. Medical masks usually use multi-storey structures, or SMS structures: both sides are single layer spunbonded layers, and the middle is single layer or multi-layer melt blown layer. The medical respirator should be at least 3 layers, that is, SMS (2 level S layer and 1 tier M layer). The 1 layer M in the middle layer uses 20 grams of melted spray cloth, which plays a major protective role. The highest tier in China is 5 layers, that is, SMMMS (2 S layer and 3 layer M layer).


Guoxin Securities analyst Shang Aihua believes that masks are necessary to prevent new coronavirus infection, whether it is medical personnel or ordinary consumers, the demand for masks is very large. Especially for front-line medical staff, N95 respirators are indispensable protective products. Melt blown filter material as a special filter material for N95 respirator will continue to increase in demand. But it is also necessary to see that the whole industry can suddenly meet the demand of the upstream industrial chain of the masks. The melt filter parts may be faced with capacity bottlenecks. It is expected that the government and the public will enhance the awareness of public environment and personal hygiene protection after the outbreak. It is growing at a relatively fast rate.


According to the people's daily, the melted spray non-woven fabric with a mask "heart" has increased from 20 thousand yuan per ton to about 300000 yuan per ton. The industry is expected to rise in the future, and has already formed a very strong seller's market.


According to the national development and Reform Commission, the current utilization rate of masks in China has reached 110%. As of February 29th, the national daily mask production reached 110 million, with a daily output of 116 million. At present, 30 provinces and cities except Tibet have been newly masked production lines, and new masks line will be put into production. The head of China Textile Business Association said that the market demand for melt blown fabrics will also increase in the future.


Public information shows that Xinye textile is one of the leading textile enterprises in the country, one of the 520 major enterprises in the country and one of the 50 key supporting enterprises in Henan province. The largest shareholder of the company is Xinye County Finance Bureau, with a holding ratio of 27.3%. It has 8 wholly-owned subsidiaries, 1 holding subsidiaries and 1 equity joint ventures. The main businesses include cotton spinning, cottonseed processing, cotton processing and marketing, logistics, trade and so on, and belong to the leading enterprises of cotton spinning and weaving industry.


Reporters learned from the earnings report that in the three quarter of 2019, Xinye textile realized business income of 4 billion 220 million yuan, down 10.98% compared with the same period last year, the net profit attributable to shareholders of listed companies was 204 million yuan, down 35.61% compared with the same period last year. Xinye textile expects that in 2019, the company realized 5 billion 656 million yuan of business income, a 6.66% decrease compared with the same period last year, and a 341 million yuan profit. Down 23.56%, the net profit attributable to shareholders of listed companies was 290 million yuan, down 24.73% from the same period last year.


Xinye textile explained that during the reporting period, cotton prices fell and other factors, the company's main business income, product gross margin declined, attributable to shareholders of listed companies net profit decline.


Up to the end of the reporting period, Xinye's total assets of textiles amounted to 9 billion 376 million yuan, with a total liabilities of 5 billion 160 million yuan, owners' equity of 4 billion 216 million yuan, asset liability ratio of 55.03%, and asset liability ratio by 4.18 percentage points over the same period.