Changshan Shares (000158) announced on May 2, 2017 that the company intends to invest in the construction of a textile and apparel comprehensive project in Xinjiang Aram National Economic and Technological Development Zone, the first division of Xinjiang Production and Construction Corps, a wholly-owned subsidiary of the company, Xinjiang Changshan Henghong Textile Technology Co., Ltd. . The total investment of the project is 131,149,300 yuan, the planned land acquisition is 676.6 mu, and the construction scale is 200,000 spinning and air-jet looms. After the completion of the project, it is estimated that the annual average sales income will be 146.30 million yuan and the annual average net profit will be 175,564,600 yuan.
This project uses national policy support for Xinjiang textile and garment industry, in building advanced intelligent new textile park at the same time, prepare for the strategic shift of textile company main business; to create a stable supply of high-quality cotton new base, production of high quality fabrics for The company's follow-up with Italy to build high-quality home textile products to provide high-quality fabric supply.
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