Xi Bao │ Fengzhu Textile Continues Top Ten Competitiveness in China's Knitting Industry

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Guided by the China Textile Industry Association and sponsored by the Statistics Center of the China Textile Industry Association, the "2009-2010 China Textile and Garment Enterprise Competitiveness Top 500 Conference" was held in Haining, Zhejiang on the 19th of this month. The meeting announced the list of "2009-2010 Top 500 Competitiveness of China's Textile and Garment Enterprises" and the top ten competitiveness lists of knitting, printing and dyeing, stacking, silk, clothing and other sub-industries.

Fujian Fengzhu Textile (14.470,-0.34,-2.30) Technology Co., Ltd. (hereinafter referred to as "Fengzhu Textile") is impressively listed on the list of the top 500 competitiveness in the textile and garment industry, and once again won the top 10 competitiveness in the knitting industry. This is the sixth time that Fengzhu has entered the top ten competitiveness of China's knitting industry. All these honors stem from Fengzhu Textile's sustainable development thinking of taking science and technology as the forerunner and environmental protection innovation as the purpose for many years.


Leading science and technology to improve the competitiveness of enterprises

National high-tech enterprises, national innovative pilot units, national circular economy pilot units, with the China National Laboratory Accreditation Committee CNAS accredited inspection center and the National Development and Reform Commission and other five ministries jointly recognized the "National Enterprise Technology Center", "National Cotton Knitting Fabric Development Base", "China Knitting Industry Association Fabric Science and Technology Center" ...... The number of "national character head" names in Fengzhu Textile is amazing. This shows the importance it attaches to scientific research and technology.

It is understood that "science and technology as the forerunner" has always been the development concept of Fengzhu. In the past five years, Fengzhu Textile has invested more than 15 million yuan in research and development every year. Its technology center covers an area of 2685 square meters, with a total investment of more than 3000 million yuan. It is equipped with a large number of test, inspection instruments and laboratory special equipment imported from Japan, the United States, the United Kingdom, Switzerland and other countries, of which more than 90% of the instruments and equipment have reached the advanced level of the world.

Since 2005, Fengzhu Textile has participated in the formulation of industry standards for many times, and has undertaken a number of environmental protection and energy-saving projects in the country and Fujian Province. Many new products and new technologies have been identified as international advanced levels by the provincial level. In the tireless pursuit of science and technology, since 2005, the company has won 13 scientific and technological progress awards, 14 scientific and technological achievements have been identified to reach the domestic and even international leading level, and participated in the drafting and revision of 62 industry standards. 10 authorized and accepted patents. These data represent the achievements of Fengzhu Textile's scientific research investment, and also prove the increasing competitive advantage of Fengzhu Textile, which lays a good foundation for its award.


Innovation for nuclear into sustainable development

With the progress of science and technology, Fengzhu Textile has successfully transformed from a traditional labor-intensive enterprise to an intensive capital-intensive and technology-intensive enterprise. The relevant person in charge of the company said that in the future (the) company will continue to respond to the country's call for the development of a low-carbon economy, in-depth research and development of energy-saving knitwear dyeing and finishing processes, the development of low-consumption water dyeing new technologies and new products, and seek new development with innovative environmental protection concepts.

"This concept of innovative development is not limited to scientific research, in marketing, management and other aspects, Fengzhu is also constantly seeking to improve. In the face of adverse development situation, the company timely adjust business strategy and product structure, reduce operating costs, adjust marketing strategy, and actively expand the international market; start ERP projects, so that marketing, production, finance, inventory and purchasing and other links more standardized." The above-mentioned relevant person in charge told reporters that under the new economic situation, Fengzhu Textile adheres to the transformation of product structure from raw material processing to finished cloth, which improves the added value of products; at the same time, it takes the warming of the economic situation as an opportunity for development, and through strengthening management and optimizing the structure, the company's overall operation is in good condition, the order volume and sales price are gradually rising, and the cost is reduced.


Fengzhu Textile's 2010 interim report showed that in the first half of this year, the company achieved revenue from its main business of 404.35 million yuan, an increase of 28.68 percent over the same period, of which the net profit attributable to shareholders of listed companies was 24.92 million yuan, an increase of 294.58 percent over the same period last year. The gratifying performance shows that Fengzhu has entered a new round of rapid development.

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Fengzhu textile headquarters service telephone:0595-8205 0055
Insider Trading Report Phone:0595-8565 6506 Miss Chan Mei-jin (Secretary of the Board)

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