Land Acquisition 206 Acres Crazy 245 Million! The Strongest Textile National Team Launched The Printing And Dyeing Production Line.

Ranked 335th in the top 500 Asian brands in 2019, and 5 subsidiaries were selected by the China Textile Industry Federation's "textile and garment enterprises competitiveness 500". In May 28th, the Limited by Share Ltd group (hereinafter referred to as "China Group") held the annual general meeting of shareholders in 2019. The motion of sex fabrics and home textiles items.

According to the announcement, Jihua Group plans to change the original project "high-grade garment fabrics, functional fabrics and home textile products technical transformation project" to "3542 companies relocation and construction of functional fabrics and home textile products" project, the total investment amount of the project is 387 million 650 thousand yuan. The main body of implementation: INTERCHINA 3542 Textile Co., Ltd. (wholly owned subsidiary of the company, hereinafter referred to as "3542 companies").

Jihua Group explained that the new four or five company implemented the "high-end garment fabrics, functional fabrics and home textile products technical transformation project" mainly imported special wide printing and dyeing production equipment. After the project was put into operation, it added 34 million tons of new high-end professional clothing and fabric products and 24 million meters of home textile products. The total investment of the project was 256 million 180 thousand yuan, of which 25 was used to raise funds. 6 million 180 thousand yuan. At present, we have raised 59 million 504 thousand and 400 yuan and the remaining 196 million 675 thousand and 600 yuan.

In the implementation process of the technical transformation project of "high-grade clothing, functional fabrics and home textile products", the new four or five company is facing the relocation of enterprises due to the local government's policy of "returning to the city to enter the garden", so the recruitment and investment project is suspended. However, due to the fact that the location and relocation plan of new plant is more complex and needs to be prepared and demonstrated for a longer time, the investment and investment projects have not been implemented.

In 2018, the new four or five company was absorbed and merged by 3542 companies, and the "high-end vocational clothing fabrics, functional fabrics and home textile products technical transformation project" implemented by the new four or five company was proposed to be implemented by 3542 companies.

3542 the company further implements the local government's policy of returning to the city and entering into the park and the general arrangement for the relocation of the production enterprises. After preliminary works such as site selection, relocation plan, construction plan demonstration, project approval, etc., at present, it intends to move into the Hubei Xiangyang Xianggang district brand textile industrial park and move the construction of functional fabrics and home textile products. The product is located in functional fabrics, The special home textiles made the 3542 textile industry and the original new fourth five printing and dyeing industry realize the deep integration of 1+1>2, and the new equipment and other enterprises were misplaced complementarity. The 3542 company focused on functional fabrics and home textile products, laying the foundation for the differentiated development and further integration of the textile printing and dyeing enterprises. The project helps Jihua Group to enhance the R & D and production capabilities of textile and garment materials and home textiles, and to form an important support for the company's textile and apparel industry chain.

The planning and construction of the project is a comprehensive upgrading of the original recruitment project "high-end professional clothing, functional fabrics and home textile products technical transformation project". Therefore, the original "high-end professional clothing, functional fabrics and home textile products technical transformation project" no longer continue to implement, and the purpose of the original recruitment investment funds remaining 245 million 578 thousand and 500 yuan to be changed and invested in the 3542 company relocation construction function. "Sex fabrics, home textiles items".

The group said that as the 3542 companies absorbed the merger of the new fourth five company, the original entity intermodal Huaxin four or five printing and dyeing Co., Ltd. (wholly owned subsidiary of the company, hereinafter referred to as the "new four or five company") planned to implement the initial public offering equity investment project "high-end professional clothing fabrics, functional fabrics and home textile products technical transformation project" unified into the "3542 company relocation" functional surface. The project of raw materials and home textile products is implemented by 3542 companies. The total amount of investment in the alteration of raised funds is 245 million 578 thousand and 500 yuan, and the new project is expected to be put into production normally and proceeds in the first half of 2022.

The bulletin shows that Jihua 3542 Textile Co., Ltd. is located at No. 140 Renmin Road, Fancheng District, Xiangyang. It was founded in 1990. Its business scope covers the production and sale of all kinds of cotton yarn, grey cloth, printing and dyeing cloth, clothing, home textiles, shoes and hats. Cotton acquisition and sales; import and export of goods, technology import and export; import and export agents; mask, one or two, three kinds of medical equipment production and sales. ; textile slurry, textile chemical raw materials and auxiliaries, bedding, textile machinery parts, hardware, steel, refueling and transportation equipment sales; mechanical maintenance.

The project has 206 acres of new land, focusing on functional fabrics and special home textiles, integrating market, technology and brand resources, and establishing a whole industry chain, intelligent and innovative platform enterprise integrating textile, printing and dyeing, home textile industry and technical services. The project takes "emergency protection, ecological technology and intelligent manufacturing" as the main line, and builds "China's functional fabrics and featured home textile quality bases" by enhancing innovation ability, optimizing product structure and promoting intelligent manufacturing.

The project has a new construction area of 80 thousand and 700 square meters, including 2 new printing and dyeing workshops, 2 new dyed digital production lines, 3 printing digital production lines and 1 home textile production lines, 1 new home textile factories, 6 home textile hanging production lines, and 1 new home textile intelligent production lines.

The project will have an annual production of 60 million meters of dyeing and finishing fabrics, 18 million meters of household textile fabrics and 2 million sets of home textile products. The sales revenue is expected to be 1 billion 236 million yuan / year, with a total profit of 31 million 680 thousand yuan / year. After all, the financial internal rate of return after tax is 12.65%, and about 8.87 years (including construction period) can be recovered.

According to public information, the group has 42 million 530 thousand sets of annual clothing and clothing, 20 million 470 thousand kinds of clothing, 1 kinds of hats and gloves. 1 million 720 thousand, 74 million 370 thousand pairs of all kinds of professional shoes and boots, 4000 tons of rubber parts, 3 million pairs of rubber outsole, 12 million 770 thousand pairs of leather shoes, 24456 tons of all kinds of yarns, 91 million 870 thousand meters of grey cloth, 72 million 780 thousand meters of printing and dyeing cloth, 9288 tons of knitted fabrics, and the production capacity of 6 million 810 thousand pieces of household textile products.

In terms of emergency protection, Jihua Group achieved the highest daily output of 140 thousand sets of medical protective clothing in 2020, and produced more than 4 million 500 thousand medical protective clothing.

The core business of Jihua Group is professional wear, professional footwear, leather shoes, textile printing and dyeing, protective clothing business, and its products are mainly for the military market and the civilian product market. In terms of military market, the company is the core supplier of munitions procurement in China's armed forces and armed police forces. It is the largest and largest research and production base for munitions, professional wear and professional footwear in China, and has about 60% of the market for military supplies (including clothing, shoes, hats, accessories, etc.). In the civilian product market, the company has a share of about 10% of the uniform market of uniform clothing department in fire, public security, judiciary, procuratorate, court, industry and commerce, taxation, railway, transportation and other countries, and has a certain share in the market of central enterprises, large and medium-sized enterprises, such as tooling, industry uniform, labor insurance, etc.

1, professional wear

The 12 wholly owned subsidiaries of the group are engaged in R & D, production and sales of professional wear. There are more than 150 professional production lines. The main products include uniform, trade uniforms, professional tooling, brand clothing and special functional clothing and accessory products. The annual production capacity of professional clothing and all kinds of garments is 42 million 530 thousand kits; the annual production capacity of all kinds of garments is 20 million 470 thousand; and the annual production capacity of all kinds of hats and gloves is 11 million 720 thousand.

2, professional footwear

The group has 4 wholly-owned subsidiaries and 1 Italy holding companies and 1 Hongkong holding companies engaged in R & D, production and sales of professional footwear, and has 43 professional shoes and boots production lines. The main products include military rubber shoes, ordinary rubber shoes, protective functional rubber shoes and rubber outsole. The annual production capacity of all kinds of professional footwear is 74 million 370 thousand pairs; the annual production capacity of all kinds of rubber parts is 4000 tons; the annual production capacity of all kinds of big bottoms is 3 million pairs; and the annual production capacity of rubber is 50 thousand tons.

3. Leather shoes

The 4 wholly owned subsidiaries and 1 Italy holding companies of the China group are engaged in R & D, production and sales of leather shoes, and have 24 production lines for leather shoes. The main products include leather shoes, leather, fur, garment leather, dual-purpose leather and their products, and some luxury brand leather. The annual production capacity of all kinds of leather shoes is 12 million 770 thousand pairs.

4. Textile printing and dyeing

6 wholly owned subsidiaries and 1 Italy holding companies engaged in R & D, production and sales of textile printing and dyeing products, including cotton yarn, cotton fabric, cotton thread, knitted fabric, knitted garments, apparel products, dyed fabrics, canvas and so on. The annual production capacity of all kinds of yarns is 24456 tons, the annual production capacity of grey fabrics is 91 million 870 thousand meters, the annual production capacity of printed dyed fabrics is 72 million 780 thousand meters, the annual production capacity of knitted fabrics is 9288 tons, and the annual production capacity of home textile products is 6 million 810 thousand pieces.

According to the financial report, in 2019, INTERCHINA group realized 21 billion 154 million yuan of business income, a decrease of 6.72% compared with the same period last year, with a total profit of 166 million yuan, an increase of 98.95% over the same period last year. The net profit of the shareholders belonging to the listed company was 63 million yuan, an increase of 131 million yuan compared with the same period last year, and the basic earnings per share were 0.01 yuan, up 0.03 yuan compared with the same period last year. For the change in operating income during the reporting period, a decrease of 6.72% was achieved. The China International Group explained that first, the procurement units such as the armed police and the armed forces had digested the inventory, reduced the purchasing business year-on-year, and reduced the military product income by 1 billion 217 million yuan compared with the same period last year. Two, the company further implemented the development strategy focusing on the main business and strengthening industry, and actively reduced the trade volume with low gross margin. It's 1 billion 241 million yuan lower.