On May 21, the formal cooperation agreement signing ceremony of Jingwei Lushan Green Smart Spinning Park was held in Lushan County, Ya’an, Sichuan. Zhou Jianhua, Secretary of the Lushan County Committee of the Communist Party of China, County Party Committee Yang Jun, deputy secretary and county magistrate, Gao Yonghong, party secretary and director of the County People’s Congress Standing Committee, Zhang Xuhua, deputy general manager of Jingwei Textile Machinery Sales Company, Cheng Jingchuan, director of the Jingwei Textile Machinery New Business Model Office, Zhang Hubiao, deputy secretary of the Party Committee of the Municipal Taxation Bureau Attend the signing ceremony. Xu Hongnian, member of the Standing Committee of the County Party Committee and Executive Deputy County Magistrate of the County Government, presided over the ceremony.
Zhou Jianhua pointed out that the Jingwei Lushan Green Smart Spinning Park project is an important starting point for Lushan to “build a nest to attract the phoenix” in the new era and enter the “textile era”. It also helps Lushan County start The “Southwest Textile in Lushan” industrial brand is a “traction rope” and “gas station” that accelerates the promotion of green development and revitalization. It is hoped that both parties will take this signing ceremony as an opportunity to further enhance cooperation, sublimate friendship, unite sincerely, achieve mutual benefit, and jointly create a bright future for the Jingwei Lushan Green Smart Spinning Park project.
Cheng Jingchuan said that the three parties will strengthen cooperation, join forces, complement each other’s advantages, jointly create value, share results, and achieve mutual benefit and win-win results.
Subsequently, the Lushan County People’s Government and Jingwei Textile Machinery signed a cooperation agreement on the Jingwei Lushan Green Smart Spinning Park project; Hanjia Company, Jingwei Textile Machinery, and Xianglin Textile signed a tripartite operation agreement Company cooperation agreement.
The Jingwei Lushan Green Smart Spinning Park project has a total investment of 12 billion yuan, covering an area of 1,200 acres, and an installed capacity of 2 million spindles. The project will be constructed in four phases, with each phase having a scale of 500,000 spindles. , the first phase of the project will start in June 2020. After completion, the project is expected to achieve an annual output value of 16 billion yuan, profit and tax revenue of 800 to 1 billion yuan, directly provide employment for more than 5,000 people, and promote employment for more than 15,000 people.
Data show that Lushan County is affiliated to Ya’an City, located on the western edge of the Sichuan Basin and northeast of Ya’an City , the upper reaches of the Qingyi River, is the county hardest hit by the 5.12 Wenchuan earthquake and the 4.20 Lushan earthquake. The county covers an area of 1,364.42 square kilometers and governs 5 towns, 4 townships, 46 villages (communities) and 256 villager groups. At the end of 2014, the permanent population was 119,500, including 78,600 rural residents and 40,900 urban residents.
Lushan County governs 5 towns and 4 townships: Luyang Town, Feixianguan Town, Shuangshi Town, Taiping Town, Dachuan Town, Longmen Township, Siyan Township, Qingren Township, and Baosheng Township . It has jurisdiction over 46 villages (communities) and 256 villager groups.
First Textile Network reporter learned here that the construction site of Jingwei Lushan Green Smart Spinning Park project is located in Qingjiang Village, Siyan Town, Lushan County, Ya’an City, Sichuan Province. The total investment of this project is 12 billion yuan. The project covers a total area of about 1,200 acres. It will build a new smart spinning park with an installed capacity of 2 million spindles and a standard factory building and supporting facilities with a total construction area of 1 million. square meters.
The project will be implemented in four phases; in the first phase, 500,000 ingots will be implemented. A new standard factory building and supporting facilities will be built with a construction area of 250,000 square meters. It will be implemented in two bidding sections. The first bidding section 200,000 spindles will be implemented, and 300,000 spindles will be implemented in the second bidding section; in the second, third and fourth phases, each phase will implement a standard factory building and supporting facilities with a scale of 500,000 spindles, with a construction area of 250,000 square meters and an investment of 3 billion, of which the basic The investment in facility construction is 500 million yuan, the investment in production equipment is 2 billion yuan, and the investment in other supporting facilities is 500 million yuan. A total of 12 billion yuan. (The project will be implemented in phases and will be settled based on actual settlement)
In recent years, Lushan County has vigorously developed the modern green textile industry and successfully created the only provincial economic development zone in Sichuan Province with textile as the first leading industry. The textile industry is an important pillar of industry and employment in Lushan. Over the past 10 years, the textile industry in Lushan County has achieved transformation from scratch, from small to large, and from weak to strong. In 2019, the textile industry created more than 3,500 jobs.
The implementation of the Jingwei Lushan Green Smart Textile Park project will build it into a leading smart production workshop in the country and make every effort to launch the “Southwestern Textile in Lushan” industrial brand. By 2023, Lushan County will form a textile industry cluster integrating chemical fiber, cotton spinning, weaving, printing and dyeing, and garment making, with a scale of 100,000 tons of chemical fiber, 1 million spindles of cotton spinning, 1 million spindles of covered yarn, and 350,000 garments. 50 million meters of pieces, printing and dyeing, 3,000 looms, and a total output value of 10 billion yuan.
Public information shows that Jingwei Textile Machinery was restructured and established from the original Jingwei Textile Machinery Factory with a history of nearly 70 years. It is affiliated to China Hengtian and is a member of the SINOMACH Group, one of the world’s top 500 companies. As a technologically advanced complete set of cotton textile processes and a supplier of chemical fiber, weaving and twisting equipment, the company is deeply involved in the textile machinery industry while actively promoting the integration of industry and finance. The growth of financial trust business has promoted the development of the textile machinery industry. A dual-main business operation pattern of “textile machinery + finance” has been formed.
In 2019, Jingwei Textile Machinery achieved total operating revenue of 9.335 billion yuan, compared with 10.196 billion yuan in the same period last year, a year-on-year decrease of 8.44%. Among them, operating income was 4.687 billion yuan, compared with 6.043 billion yuan in the same period last year, a year-on-year decrease of 1.356 billion yuan (textile machinery business operating income was 4.163 billion yuan, a year-on-year decrease of 334 million yuan; financial business operating income was 524 million yuan, a year-on-year decrease of 1.022 billion yuan) . The company achieved net profit attributable to the parent company�490 million, a year-on-year decrease of 267 million yuan. Net operating cash flow was 16 million yuan, a year-on-year decrease of 4.776 billion yuan.
Jingwei Textile Machinery is an important global supplier of full-process complete sets of cotton textile equipment. It has independent research and development capabilities. In recent years, its international influence has been increasing through business model innovation. The main customers include well-known textile companies at home and abroad. According to the “2019 Textile Machinery Industry Economic Operation Report” released by the China Textile Machinery Association, in 2019, my country’s textile machinery industry moved forward under pressure, and the industry’s main economic indicators showed a downward trend. The main business income of key enterprises decreased by 10.39% compared with the same period last year, and the total profit decreased by 24.17% compared with the same period last year. Against this background, the operating income of Jingwei Textile Machinery’s textile machinery business decreased by 334 million yuan in 2019, a decrease of 7.43%. Among them, the revenue of cotton spinning machinery was basically the same as the same period last year, while the revenue of chemical fiber machinery and warp knitting machinery decreased slightly year-on-year. The operating cost structure of the textile machinery business has not changed significantly compared with 2018. Net profit from the textile machinery business fell year-on-year due to lower operating income.
The latest financial report shows that in the first quarter of 2020, Jingwei Textile Machinery achieved total operating income of 662 million yuan, a year-on-year decrease of 60.33%, and achieved a net profit attributable to the parent company of 51.3404 million yuan, a year-on-year decrease of 60.33%. A decrease of 7.18 billion yuan. (First Textile Network Martin)
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