Dehong International Cashmere Industry Co., Ltd. (hereinafter referred to as “Dehong International”) issued an announcement on December 21 that the company received a letter from the Intermediate People’s Court of Yinchuan City, Ningxia Hui Autonomous Region on December 18, 2020. Issue a ruling on a bankruptcy application in which the company is the respondent.
In accordance with relevant legal regulations, Hui Meilin’s bankruptcy liquidation application for Dehong International Cashmere Co., Ltd. was accepted, and Ningxia Ningren was designated on the same day The law firm serves as the administrator of Dehong International Cashmere Industry Co., Ltd.
Public information shows that Dehong International was established in 2005. It is a Sino-foreign joint venture located in Jinfeng District Industrial Park, Yinchuan Economic and Technological Development Zone, Ningxia, China, with a total area of 420 acres, the company’s registered capital is 280 million yuan, and the total investment is 700 million yuan. Mainly engaged in the production and sales of various types of velvet, strips, yarns, fabrics, clothing and related processed products and handicrafts, import and export of machinery and equipment and agency import and export business (except for goods managed by national quotas).
Since 2009, Dehong International has been continuously rated as one of the top 500 most competitive textile and apparel enterprises in China and one of the top ten enterprises in China’s cashmere industry. Dehong International’s main business products are produced in Worsted cashmere fabrics and products are the core, and the company has realized the production and sales from raw cashmere acquisition, carded cashmere and combed velvet to various worsted and woolen cashmere yarns, worsted and woolen cashmere fabrics, and cashmere products. It is one of the enterprises with the most complete industrial chain in the cashmere textile industry.
In 2015, Dehong International was listed on the New Third Board, starting its capital journey. After that, the company’s operating performance grew rapidly. Previously released financial reports by Dehong International showed that as of the first half of 2018, the company had achieved operating income of 419 million yuan, an increase of 74.06% over the same period last year; the net profit attributable to shareholders of the listed company was 44.6919 million yuan, an increase over the same period last year. 256%. </p
