Supply UNIQLO Xinye Textile Wants To Develop Japan And Korea Market

Cotton textile enterprises in Xinye have been concerned about the concept of mask. At the recent shareholders' meeting, Xinye textile management departments responded to the issue of investors' concern about the construction of high-grade spinning composite nonwoven production line and how to accelerate transformation.

Prior to March 3rd, Xinye textile announced that the company plans to invest 120 million yuan to build two high-grade spinning and weaving composite nonwoven production lines, and develop and produce products such as health, medical treatment, industrial protection and so on. The construction period of the project is 6 months. Upon completion, it can produce 25 thousand tons of medical, health and protective materials every year, with an annual sales revenue of 425 million yuan and a total profit of 31 million 900 thousand yuan.

As soon as the news came out, a number of daily trading boards were harvested in Xinye textile company.

Nowadays, with the continuous improvement of epidemic prevention and control situation in China, the problem of masks shortage has been alleviated, and the heat of melted cloth has also been further reduced. Investors are concerned about: which step is the project construction? Once the epidemic is over, will it cause the equipment to be vacant?

Wei Xuezhu, chairman of Xinye textile, said at the shareholders' meeting that at present, the relevant factory buildings have been basically transformed and completed, but they are affected by the delivery of production equipment. The construction period of the project will be 6 to 8 months, and will be put into production or postponed.

"The company's investment in the construction of high grade textile composite nonwoven production line is also based on the strategic considerations of transformation and development." Wei Xuezhu said that high grade textile composite nonwovens are not only applied in the medical field, but also a new environmental protection material.

It is reported that spun fusion composite nonwovens include SMS, SMMS, SSMMS and so on (S represents spunbonded and M represents melt blown). The Xinye textile high quality spinning and weaving composite nonwovens project is made of SSMMS products, and is one of the latest technology materials, which has been popularized and applied in health, medical, industrial protection, environmental protection and other industries.

In the medical field, it can be used for making surgical clothing, surgical cover cloth, surgical instrument package, bactericidal bandage, etc., and is also suitable for mechanical clothing, chemical industry, automobile repair, painting, high dust operation, etc. It is also widely used as an efficient filtration material for various gases and liquids. It is also an excellent and highly efficient oil absorbing material for industrial waste water, oil cleaning and industrial rag.

Financial data show that Xinye textile business income in the first quarter was 1 billion 59 million yuan, down 28.41% compared with the same period last year. Net profit attributable to shareholders of listed companies was 63 million 299 thousand and 100 yuan, down 18.39% compared to the same period last year.

Wei Xuezhu admitted that affected by the epidemic and other factors, the company's production and sales decline, the performance of the "arrears".

"At present, the production is full, but the domestic market demand has declined, affecting the company's sales, accounting for about 10% of the overseas market in April, there have been some delays and withdrawals." Wei Xuezhu said that at present, the impact of the company's high-end products and high-end customers is relatively small, the company will optimize the production and operation, increase market development, to achieve the established business objectives throughout the year. The company has tried to provide customized fabrics to UNIQLO to expand the market in Japan and Korea.