Shijiazhuang, The Pioneer Of China'S Cotton Textile Industry For 64 Years, Received 200 Million Land Grant Compensation.

Shijiazhuang Changshan North Ming Polytron Technologies Inc (hereinafter referred to as "Changshan North Ming") announced in the evening of June 4th, the company's original fifth branch plant land sold in December 24, 2019, the transferee Beijing Zhonghai Real Estate Co., Ltd., the transaction price of 2 billion 11 million yuan.

Changshan North Ming and Shijiazhuang land reserve center signed the "contract for acquisition of state-owned land use rights of enterprises and institutions": "according to the relevant requirements and in accordance with the relevant land compensation standards, land compensation is made, that is, 60% of the total amount of land transfer compensation, compensation costs include land and buildings, buildings and other compensation costs. In addition, the fund should be further prepared. In case of special circumstances, the total amount of the fund will exceed 40% of the total price, and the excess will be deducted from the enterprise compensation.

In the enterprise's land compensation (60% of the total price of the land transfer), the land compensation fee has been deducted 201494700 yuan and interest (the amount determined by the financial department) is the same and other expenses.

Changshan North Ming today received part of the land compensation payment of 200 million yuan from the land reserve center of Shijiazhuang. According to the relevant regulations, the policy funds will be included in the deferred income first, and in the period of confirming the relevant cost or loss, it is included in the current profits and losses. Changshan North Ming estimated the amount of current profits and losses in the 2020 year will be 200 million yuan, which will generate 2020 profit for the company. Positive influence.

Prior to the announcement issued by Changshan North Ming, the land sold was located at the north of the construction of the North Street, north of the North China Road (Planning Road), the west of the foreign trade street, and the north of Southern China Road (Planning Road), to build 185 North Street. The land area is 76475.91 square meters (including 3780 square meters of land for kindergartens). Land uses for residential and educational land, floor area ratio of less than 2.5, greater than 1, the land transfer years of residential 70 years, 50 years of education, commodity housing district with the construction of affordable housing ratio of 5% of the total residential area of the project, from real estate development enterprises to the government free of charge.

Reporters previously reported that Changshan North Ming formerly known as "Shijiazhuang Changshan textile Limited by Share Ltd", this is a main textile company. In October 2017, Changshan shares officially renamed Changshan North Ming, and the company's strategic direction was gradually focused on the software main industry. At present, Toshiyama Kitayama focuses on the development of cloud data center, online dispute resolution platform (ODR), new smart city, Internet home textile business, textile intelligent manufacturing and so on, aiming to make information technology stronger and bigger.

Changshan North Mingyuan fifth branch company is a large cotton textile enterprise which was put into operation in 1956. It has 60 thousand spindles and 1598 looms (including 158 shuttle looms), 13 thousand tons of spinning and 5000 million meters of weaving. The plant is located at 185 North Street, Changan District, Shijiazhuang.

Official information shows that Changshan North Ming parent company, Shijiazhuang Changshan textile Refco Group Ltd (hereinafter referred to as Changshan group) is a wholly state-owned company established in 1991 and authorized by the Hebei provincial government in 1996 to operate the state-owned assets of Shijiazhuang municipal textile enterprises. There are 12 wholly-owned subsidiaries, 1 subsidiary companies (listed companies), 5600 registered employees, 1 billion 254 million yuan in registered capital and 15 billion 600 million yuan in total assets. It has two main industries of textile and software, 310 thousand spindles and 1000 more shuttleless looms. The main products are yarn, cloth, clothing, home textiles, and software development.

The history of Changshan's North Ming began in the 50s of last century, and in April 1953, the first cotton mill in Shijiazhuang was built in May 1954. After that, cotton two, cotton three and cotton four were put into operation in 1955, 1956 and 1957 respectively. The series of grey fabrics made of poplin and yarns are known as "universal dyeing and printing grey cloth". They enjoy the reputation of "North cloth" in the industry and become the leader of the Chinese cotton textile industry. In December 1998, the Shijiazhuang cotton textile company was restructured based on Shijiazhuang cotton one to cotton four. Limited, Changshan shares were listed on the Shenzhen stock exchange in July 2000.

After the listing of Changshan shares, large scale technological transformation was implemented in succession, and Fifth cotton textile mills, Shijiazhuang cotton mill and Zhaoxian County second textile machinery factory were acquired. In 2004, we invested in the Shijiazhuang hi tech Zone to build a new high-tech enterprise in Hebei Province, which covers an area of 380 mu, Shijiazhuang Changshan Hengxin Textile Co., Ltd. In 2008, Zhengding invested in the construction of a Changshan Textile Industrial Park with a technology lead and an upscale product of 1300 mu. In 2012, the city's old factory was temporarily discontinued. After many years of continuous efforts, we have completed the relocation and transformation, and returned to the city to enter the park. We have achieved technological upgrading, product filing, energy conservation, consumption reduction, and efficiency reduction.

The Changshan group and its subsidiaries have the first national recognized enterprise technology center, academician workstation, national accreditation laboratory and state-level skill master workshops in the national cotton textile industry. There are 84 effective textile patents, including 13 patents for invention, 71 patents for utility models, 1 for China's famous brand products, and 4 for the most influential brands of China's cotton textile industry, and Hebei. There are 3 famous brand products and 4 famous trademarks in Hebei province.

In 2018, the Changshan group ranked 379th among the top 500 manufacturing enterprises in China, thirteenth of the top 100 enterprises in China's cotton textile industry, twenty-fifth of the top 100 enterprises in China's cotton textile industry, and fifty-fourth of the top 100 enterprises in Hebei. In April 28th, the China Cotton Textile Industry Association officially released the results of "cotton textile industry revenue ranking in 2019". The main business income of Changshan textile group cotton textile ranked twentieth among top 100 enterprises.

In the year of 2019, Changshan North Ming realized business income of 9 billion 446 million yuan, 2.17% lower than last year, operating costs 8 billion 639 million yuan, 1.42% lower than last year, operating profit 99 million 151 thousand yuan, 54.07% lower than last year, 101 million yuan net profit attributable to parent company owners, 45.64% lower than last year, basic earnings per share of 0.06 yuan, less than last year 45.45%.

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.

In the first quarter of 2020, Changshan North Ming achieved operating income of 1 billion 221 million yuan, down 41.01% compared to the same period last year. Net profit attributable to the owners of the parent company was a loss of 98 million 949 thousand and 600 yuan, mainly due to the impact of the epidemic on textile business orders and the North Ming software project progress and revenue recognition. With the resumption of April and May, the North Ming software business revenue, which is expected to affect the epidemic, will be quickly repaired in the two quarter and the three quarter. Reply.