Huafang Co., Ltd. (600448): Effective Transformation, Performance Is About To Enter The Fast Lane

"We started to plan for transformation many years ago," Wang Limin, chairman of Huafang Co., Ltd., said in an interview recently. Facing the complicated international and domestic market environment, as well as the continuous change of network informatization, 5g, blockchain and other technologies, Huafang has taken stock of the situation and promoted the intelligent upgrading and diversified transformation of the industrial structure. With the company's intelligent factory coming into operation soon, the company's intelligent factory will be put into operation , the company's transformation results began to show, is entering the performance rapid growth channel.

Huafang Co., Ltd. is a leading enterprise in textile printing and dyeing industry. Its main products are fabric, home textile, clothing and calico. With an annual output of 350 million meters of printed and dyed cloth, 20 million pieces (sets) of home textile products and 3 million pieces of clothing, Huafang is the most comprehensive fabric manufacturer and the leader of scientific and technological innovation in China.

Wang Limin said that the company's second private placement project intelligent green factory construction project will enter the production period this year. According to the information previously disclosed by the company, after the completion of the intelligent green factory project, it is expected to achieve an annual business income of 2.6 billion yuan, a net profit of 116 million yuan and a new tax revenue of 96 million yuan. According to the project implementation plan, the trial production of the first phase of newly purchased equipment will be completed by the end of February 2021, and the relocation of "returning to the city and entering the park" will be completed before the end of June 2021.

After the completion of the intelligent green factory project, it will become a model for the application of industrial Internet in the textile industry, and at the same time, it will also upgrade the smart China textile to a new level. It is reported that after the completion of the new project, the area of Huafang Industrial Park will be expanded to 656 mu. The new and old factory areas will be combined into one, with more perfect functions and more reasonable layout. The annual output of high-grade clothing fabrics and home textile wide fabrics will be 144 million meters. Especially through the intelligent green factory construction project, the company's intelligent manufacturing level will be significantly improved. Through cooperation with China Telecom, it will build a 5g demonstration Industrial Park, apply the information interconnection and cloud platform system of the whole process printing and dyeing equipment, realize the in-depth integration of 5g, AI, Internet, Internet of things, blockchain, cloud computing, big data and other information technologies with the industrial system, and finally build a smart industrial Internet platform based on green smart Park and virtual factory The first fully digital, low consumption, high energy efficiency green printing and dyeing factory. After the intelligent factory is put into operation, the company's labor force will be reduced by 30%, the production efficiency will be increased by 50%, and the water consumption and energy consumption will be reduced by 25%, which will greatly improve the company's benefits.

In recent years, Huafang attaches great importance to the upgrading and transformation of production equipment, network monitoring system of the whole production process and on-line control technology, and has successively introduced several foreign advanced production equipment, which has improved the production efficiency and product quality. "The company's green intelligent production line is at the leading level in the industry, and widely adopts computer control automation and online monitoring and control technology, which enables the company to realize online network management and control, to produce completely in accordance with the production process formula, and to realize the online data real-time monitoring and automatic control function of the production process." Wang Limin said.

The green intelligent production line of Huafang Co., Ltd. completely achieves the traceability of production data and the control of production cost, which saves the production cost and labor cost and improves the production efficiency. At the same time, the transformation and upgrading of production equipment and the introduction of advanced technology and equipment provide strong technical support for the company to improve product quality and product structure.