On November 30, 2016, it was the 10th anniversary of the listing of Henan Xinye Textile Co., Ltd. (hereinafter referred to as Xinye Textile). Xinye Textile is a well-known large-scale textile enterprise controlled by the state. On November 30, 2006, it successfully listed the stock on the Shenzhen Stock Exchange (referred to as Xinye Textile, stock code 002087). It is the first listed Xinye Textile in Nanyang City and also the Central Plains Textile. This has become a new milestone in the history of corporate development.
In the past 10 years since its listing, Xinye Textile has been committed to capital operation under the leadership and strong support of the Xinye County Party Committee and the county government. It has fully utilized the capital market platform to continuously implement stock issuance and bond issuance. It has directly raised more than 2 billion yuan from the capital market. The development of the company has injected new impetus and vitality.
In the past 10 years, the production scale of Xinye Textile has increased from 350,000 spindles to 1.6 million spindles, an increase of 357%. All shuttle looms have been eliminated, and the number of shuttleless looms has increased from 940 to 1600, an increase of 70%. The yarn for fabrics increased from 50,000 tons per year to 200,000 tons, an increase of 300%. The high-end apparel fabrics increased from 120 million meters to 150 million meters, an increase of 25%; the annual profit increased from 49.3 million yuan to 200 million yuan. It has increased by 305%.
Xinye Textile is committed to the transformation of capital management into production and operation, transforming the advantages of capital management into comprehensive competitive advantages in technology, products, marketing and development, and strives to build a large “aircraft carrier†of the Chinese textile industry, especially in recent years. The industry is facing severe challenges. The production and operation of textile enterprises are extremely difficult. Under the severe situation that some well-known enterprises have stopped production and closed down, Xinye Textile has overcome many difficulties and has maintained efficient and full-load production and achieved new development achievements.
At present, Xinye Textile has 1.6 million spindles and 1600 shuttleless looms. It has the largest and internationally leading high-end rotor spinning production line in China, with an annual output of 200,000 tons of high-grade fabric yarns and 150 million meters of apparel fabrics. It ranks in the forefront of the national cotton textile industry. In 2015, its main business income jumped to the fifth place, ranking sixth in the “Top 100 Chinese Cotton Textile Competitive Enterprisesâ€.
Implement technological innovations to create technological advantages
Over the years, Xinye Textile has relied on the capital market to continuously increase investment and accelerate the pace of transformation and development. In the past 10 years, it has invested more than 3 billion yuan to purchase advanced combing machines, combers and airflows from Germany, Switzerland, Italy and China. Spinning machines, automatic winders, shuttleless looms and other international and domestic first-class textile equipment, so that the level of enterprise tooling is far higher than the industry average.
Constantly accelerating the pace of construction of technological transformation projects, six high-end spinning and weaving projects have been completed in the Hanfeng Textile and Garment Industrial Park of Xinye Headquarters, forming a production scale of 500,000 spindles and 680 air jet looms, 30,000 tons of high-end The construction project for knitted fabrics has started construction.
Xinye Textile relies on technological innovation and continues to lengthen the industrial chain. On the basis of the industrial chain that has been formed from raw cotton acquisition and processing to spinning and weaving, it strives to cultivate and develop high-grade yarn-dyed fabrics, knitted garments and printing and dyeing products. Cotton purchase processing - textile - yarn-dyed fabric - printing and dyeing cloth - knitting (dyeing and finishing) clothing complete industrial chain, comprehensive competitiveness and product competitive advantages are further enhanced.
Give play to regional advantages and lay out Xinjiang's development
Xinye Textile relies on the capital market, pays attention to the development of the textile industry in the advantageous areas, fully utilizes the advantages of Xinjiang's cotton resources and the historical opportunity of the state to support the development of the Xinjiang textile industry and implement the “Belt and Road†strategy, and develops the Xinjiang textile project ahead of schedule, investing more than 10 times. The new construction and low-cost acquisition of 100 million yuan has formed a production scale of 800,000 spindles of equivalent yarn spindles, which has become a new benefit growth point for Xinye Textile.
In the future development, Xinye Textile will make full use of the funds raised by the stock issuance and continue to increase the investment in the Xinjiang plate. The overall scale will reach 1 million spindles and 600 shuttleless looms.
Implement brand strategy, casting product advantage
Xinye Textile has always positioned its products in medium and high-grade yarns and apparel fabrics with high market demand, high technology content and high added value. It has developed and produced new types of modal, hemp, bamboo fiber, differentiated fiber and shrapnel. The functional blended interwoven products with fiber as raw material form four series of high-grade ring-shaped cotton yarn, high-grade air-spinning yarn, high-grade yarn-dyed fabric and high-grade apparel fabric, and strive to improve product quality, of which more than 90% The products have reached the level of cooperation with international and domestic famous brands and have strong product advantages. Xinye Textile “Hanfeng†brand cotton yarn and “Huazhu†brand grey cloth have been rated as “the most influential product brand†by China Textile Industry Federation. Become a well-known brand in the textile market.
Innovative marketing model to expand market advantage
Adhering to the "customer first" business policy, Xinye Textile actively introduces modern marketing concepts, market-oriented, customer-oriented, transforms marketing models, improves product quality, enhances competitive strength, and strongly expands market space. Focus on increasing the development and cultivation of high-quality backbone market, continuously optimize the market, increase market share, and become a unique competitive advantage in the Yangtze River Delta and Pearl Triangle. Xinye Textile vigorously explores the international market, and its products are exported to more than ten countries and regions such as the United States, South Korea and Hong Kong. The annual export volume is more than 100 million US dollars.
Taking advantage of the capital operation, Xinye Textile successfully realized the transformation from a single mode of production and management to a mode of economic development with equal emphasis on production management and capital management. It realized the financing from the financial sector and mainly relied on the capital market to raise funds and accumulate enterprises. The change of management mode has promoted the sustained, stable and rapid development of the company. It has won the “National Textile Industry Advanced Collectiveâ€, “National Textile Science and Technology Contribution Awardâ€, “Top 20 Enterprises in China's Cotton Textile Industry Competitivenessâ€, and “National Agricultural Industryâ€. Leading enterprises, “Henan Province 100 key support enterprisesâ€, “Nanyang City’s leading enterprises†and many other honors.
Standing at the new historical starting point, the new spinning people let go of their dreams and let go of their hopes. In the future development, Xinye Textile will take the transformation and upgrading as the main line, support the dual main business of capital operation and production and management, and vigorously implement the “2+2†development strategy, that is, to become a new energy source while doing the best and stronger textile industry. Expansion of pharmaceutical and other industries; establishment of high-end fabric production base in Xinye Textile Headquarters, construction of high-grade spinning production base in Xinjiang.
Adhere to technological innovation, deepen reform, and transform mechanisms to further promote transformation and upgrading; give full play to the advantages of capital platform, strengthen capital operation, promote mergers and acquisitions, expand emerging industries, increase the proportion of light assets, and promote leapfrog development; innovation and development advantages, and seize development Opportunities to vigorously promote the competitiveness of enterprises to a new level.
By the end of the "Thirteenth Five-Year Plan", the production scale of Xinye Textile will reach more than 2 million spindles and more than 2,600 shuttleless looms. The annual sales revenue will reach 10 billion yuan, and the overall strength will rank among the top three in the national cotton textile industry. To build Xinye Textile into a large-scale modern manufacturing “aircraft carrier†with international competitive advantages.
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