Xinye Textile Special Yarn Project Was Put Into Operation At The End Of 2013.

Newfield Spin (002087.SZ) the staff of the securities department on Wednesday told the great wisdom news agency that the construction of the special yarn project of the company has been completed, and that the commissioning and commissioning of the machine is being carried out. The production is expected to be put into operation by the end of the year, and the expected value of revenue will be expected from next year.

Last year, the company started investing in the construction of a special spinning line of one hundred and forty thousand spindles, producing siro spinning, combed yarn, elastic core spun yarn and other special yarn products. After the completion of the project, it is estimated that the annual output of all kinds of yarn is about 32 thousand tons, with an average annual sales income of 975 million 280 thousand yuan and a total profit of 80 million 120 thousand yuan.

The staff said that the project has completed the construction of infrastructure, the machine is still in commissioning, and strive for production before the end of the year. "Because of the need for time to run in, this year's benefits can not be seen, next year should almost achieve the expected return."

A brokerage analyst said the project Commissioning It will become a new profit growth point for enterprises. According to the company's plan, more than 50% of the special yarn products are exported directly, and about 40% of the products are exported after the production of high-grade fabrics.

The semi annual report shows that the proportion of the top grade combed yarn is over 85%, and the proportion of siro spinning, compact spinning and elastic yarn is more than 60%. R & D costs increased by about 20000000 in the first half of this year.

Xinye textile (002087) has maintained a good momentum in its production and marketing. Since 2013, the textile market has warmed up and the market demand has increased. The production and sales of the company have increased considerably compared with the same period last year.

Xinye textile's net profit in 2012 dropped by 22.23% compared to the same period last year, and net profit increased 7.84% in the first quarter of this year.

　　 Xinye textile The main business is the production and sale of medium and high grade cotton textiles.