Wuhu Fuchun Dyeing and Weaving Co., Ltd. (hereinafter referred to as "Fuchun Dyeing and Weaving") announced today (November 16) evening that the company intends to sign an investment agreement with the Management Committee of Wuhu Economic and Technological Development Zone "Annual Output of 30,000 Tons of Fiber Dyeing Construction Project", with a total investment of about 500 million yuan, the project construction cycle is expected to be 24 months, and it is planned to purchase about 100 acres of land in the Qiaobei Industrial Park of Wuhu Economic and Technological Development Zone.
Fuchun dyeing and weaving annual output of 30,000 tons of fiber dyeing construction project project construction period of 24 months, plans to in The Wuhu Economic and Technological Development Zone to acquire 100 acres of land, build a new 55,000 square meters of plant and supporting facilities, purchase advanced fiber dyeing intelligent production lines and environmental protection production equipment, and build a comprehensive sewage treatment station.
Fuchun Dyeing and Weaving said that the company's foreign investment has extremely long-term strategic significance for improving and enriching the company's product structure, promoting the diversified development of the main business, creating new performance growth points, and helping the company to continue to develop rapidly.
According to public information, Fuchun Dyeing and Weaving was established in 2002 and listed on the Shanghai Stock Exchange on May 28, 2021, with a stock code of 605189. The company is a high-tech enterprise specializing in yarn dyeing and finishing and sales, the current main business includes the dyeing and finishing and sales of two major categories of products of tube yarn and mercerized cotton yarn, as well as cotton yarn trade, downstream customers are widely distributed in socks, clothing knitting, home textiles and other fields. After more than 20 years of development, the company has become one of the more influential enterprises in the color yarn industry, the main products are cotton, polyester cotton, clear cotton, hemp cotton, linen cotton, viscose cotton and other color yarns, products are widely used in all kinds of knitting large circle machine, flat knitting machine, sock machine and shuttle loom use, color yarn has bright color, plump and smooth and other characteristics, all kinds of materialization indicators to meet the European "YingZhijie" standard and meet international environmental protection requirements.
According to the financial report, in the first three quarters of 2021, Fuchun Dyeing and Weaving achieved a total operating income of 1.51 billion yuan, an increase of 51.5% year-on-year; a net profit attributable to the parent company of 160 million, an increase of 196.7% year-on-year; earnings per share of 1.51 yuan.