The Textile Top 500 Built 200 Thousand Spindles And 1000 Looms In Xinjiang, And Spent 5 Million 660 Thousand Of The Time Changing.

Shijiazhuang Changshan North Ming Polytron Technologies Inc (hereinafter referred to as "Changshan North Ming") recently announced that due to changes in the market environment and the company's business strategy, the company intends to terminate investment in Xinjiang to build a comprehensive textile and clothing project (hereinafter referred to as "project").

Reporters learned from the announcement that the project in North Ming of Changshan was planned to invest 1 billion 311 million yuan, 676.6 acres of land acquisition planned, and 1000 construction units of 200 thousand spindles and air-jet looms. After the completion of the project, the average annual sales income is expected to reach 1 billion 463 million yuan, with an average annual net profit of 176 million 564 thousand and 600 yuan, with a total investment of 590 million yuan in the first stage, with 90 thousand spindles and 400 air-jet looms. The income is 450 million yuan and the annual net profit is 45 million 160 thousand yuan. The project is divided into two phases, and is scheduled to start in May 2017 and the construction period will be 18 months.

Up to now, the above projects have completed the design of the project plan and part of the building construction plans, completed the environmental assessment, examination and planning, etc., and completed the two tenders of the weaving workshop, the dining hall, the dormitory building and the wall construction, and the tendering work of the project supervision. Contracts for construction of canteens, dormitories and walls have been signed, and construction supervision contracts have been completed. The construction of the wall foundation has been completed. By the end of 2019, a total of 5 million 665 thousand and 500 yuan had been allocated for project construction.

Changshan North Ming said that along with the global economic downturn, the domestic and foreign textile markets were in a state of depression. Xinjiang's support policy for the textile industry has also been adjusted to some extent, and the investment risk of the project has increased. In addition, the public has increased investment and support for the software sector, and reduced the initial production capacity of the spinning plate and the low added value production capacity, in order to reduce investment risks. The company intends to terminate the implementation of the project.

According to public information, Changshan North Ming was formerly known as "Shijiazhuang Changshan textile Limited by Share Ltd". In October 2017, Changshan shares were officially renamed Changshan North Ming, and the company's strategic direction was gradually focused on the software main industry. Among them, the leading textile products were environmentally-friendly yarns, functional fabrics, and high-end brand clothing, home textiles and industrial textiles. With Academician workstations, state-level enterprise technology centers and national accreditation laboratories, it has nearly 100 authorized patents. It is the top 500 manufacturing enterprises in China, the 500 competitiveness of China's textile and garment enterprises, and the 20 competitive enterprises of China's cotton textile industry.

According to the financial report, in 2019, Changshan North Ming achieved operating income of 9 billion 446 million yuan, 2.17% lower than the previous year, and operating costs 8 billion 639 million yuan, down 1.42% from the previous year. Operating profit was 99 million 151 thousand yuan, 54.07% lower than the previous year, net profit attributable to the owners of the parent company was 101 million yuan, a decrease of 45.64% over the previous year, and the basic earnings per share was 0.06 yuan, a decrease of 45.45% over the previous year.

The main textile industry increased the intensity of market development, improved and improved the customer management and evaluation system, increased market development and marketing efforts, further optimized the customer structure, and greatly increased the purchase ratio and sales rate of major customers. At the same time, the company has successfully obtained the qualification of Zhengzhou cotton exchange futures warehouse, which has provided new help to the textile industry.

During the reporting period, the revenue of cotton yarn business increased by 78.01% compared with the same period last year, and the income of other businesses decreased by 54.06% compared with the same period last year. The main reason is that in 2019, the company further optimized its business structure, focused on its main business, realized business integration, and made use of the advantages of the channel accumulated by the company for many years in the textile business, increased the trade of cotton yarn, and contracted the copper trade business of the non main industry.

The software platform, which is built in the early stage, is an online dispute resolution platform (short for "ODR platform"). It has landed in over 20 provinces and cities in Zhejiang, Beijing, Guangdong, Yunnan, Jiangsu and so on, providing strong scientific and technological support for the modernization of the urban social governance system and governance capability.

In addition, Changshan North Ming received four yuan of cotton three cotton yield of 370 million yuan. The land transfer of the fifth branches was completed, and the way and proportion of capital return were determined. In December 24, 2019, the price of the fifth branch was 2 billion 11 million yuan from Beijing Zhonghai real estate, and the Zhaoxian County land reserve center signed the purchase contract of Zhaofang land property, and the acquisition compensation was 60 million yuan.

In 2020, Changshan North Ming textile plate will be adjusted through structural adjustment to eliminate varieties with low gross profit margins and poor market prospects, increase varieties with high profit margins and good market prospects, enhance enterprise's ability to resist risks and profitability. The company will also formulate management measures for cotton yarn futures delivery plant management, strengthen the technical strength of cotton yarn futures business, carry out the cotton yarn futures delivery plant library business, and help the main textile industry of the company. Improving quality and increasing efficiency.

It is reported that in addition to employing academicians of Chinese Academy of Sciences as the company's technical advisor, in recent years, Changshan employees have won 1 Chinese skills awards, 162 provincial and municipal technical experts or technical experts, 2 national labor models, 7 national labor awards, 1 National Medal for 54 youth, 8 National Textile industry model workers, 97 provincial and municipal labor models and above city level honorary awards. The development of technology products has laid a solid foundation for talents. The company has also passed the ISO9001 quality management system certification, and has obtained 33 countries and regions accreditation IQNet, the international environmental protection textile association Oeko - TexStandard100I level and other certificates. The company owns 2 of the most influential product brands in China's cotton textile industry, 3 famous brands in Hebei, and 1 famous trademarks in Hebei.

In addition, in terms of land resources advantages, Changshan North Ming is located in the golden section of the downtown area and occupies about 509 mu of cotton and cotton two factory area. The land of the fifth branches has been publicly sold in 2019, and the auction price is 2 billion 11 million yuan. The land reserve center of Shijiazhuang will compensate the company according to the 60% of the total land price of the fifth branches. Land auction will enhance the company's financial strength. In 2019, the company received 370 million yuan of land return.

At the same time, Changshan North Ming also takes advantage of capital advantages and customer resources to participate in the investment and financing of smart city construction. It has successfully implemented PPP projects such as Guangzhou e-government cloud and Wugang smart city. At the same time, the company strategically joined hands with the giants to work hand in hand with HUAWEI, Tencent and other companies to further expand the national market. In 2019, based on the infrastructure of HUAWEI, 5G, Kun Peng cloud and digital base, combined with North Ming's industry application advantages, the North Ming and HUAWEI consortium won the smart city project of Hunan Changsha Wangcheng in one fell swoop, which is also the first domestic wisdom based on HUAWEI Kun Peng ecosystem. Hui City project.

At present, the strategic cooperation between Changshan North Ming and HUAWEI, Tencent and other industry tycoons has also been expanding the win-win market radiation, forming a healthy development momentum. The company from HUAWEI strategic partner has become HUAWEI ISV (independent software developer) partner and cloud leading partner, and combines its own solution with the comprehensive strategy of HUAWEI intelligent and digital transformation. It has become an important member of HUAWEI cloud ecosystem and Kun Peng ecosystem. It has developed into a mutually beneficial development mode to jointly build enterprise cloud services, enterprise intelligent services, Kun Peng industrial services, and enterprise oriented digital platform services.