Ruyi Group Invested 10 Billion To Build 5000 Tons Of Intelligent Wool Spinning Yarn Project, Which Can Add 100 Million Net Profit After Commissioning.

Shandong Ruyi woolen clothing group Limited by Share Ltd (hereinafter referred to as "Ruyi group") issued a notice recently that it is promoting the development of new material industry in order to make the "ten strong" industries such as making the best and strengthening new energy and new materials.

The company will give full play to its leading edge in the field of new materials. It plans to set up a wholly owned subsidiary, Jining Ruyi New Material Technology Co., Ltd. (hereinafter referred to as Ruyi new material), with its own or self raised funds of 1 billion yuan in the Jining hi tech Zone, and to build an intelligent annual production of 5000 tons of woolen yarn project with a wholly owned subsidiary as the main body.

The project adopts the leading international textile technology, Ruyi spinning technology, intelligent manufacturing technology and green production technology, which is equipped with fully automated and intelligent production equipment, and produces high value-added wool spinning yarn and other products.

Through the implementation of the intelligent spinning production project, the new technology is widely applied in enterprises, so that the achievements of technological inventions are rapidly industrialized, and new and old energy conversion can be realized.

First textile network reporter learned here that according to the future development plan of Ruyi group, wool and cashmere deep processing industry will be the direction for the company to optimize its industrial structure and focus on future development.

After the above projects are put into operation, the wool yarn produced will provide stable raw material supply for the high-end garment industry in the downstream of Ruyi group, which is conducive to the optimization and adjustment of the industrial structure and to meet the long-term strategic needs of the company.

It is reported that Ruyi new material project investment includes land purchase, construction plant and equipment investment. The total investment of the project is estimated at 1 billion 188 million yuan, and the construction period of the project is 1.5 years. The estimated sales revenue is 1 billion 230 million yuan and the net profit is 131 million yuan.

Ruyi group said that the implementation of Ruyi new material project will further optimize the product structure of the company and expand the scale of the company's main business. The scale effect will be more significant, which will help improve asset quality and optimize the product mix. At the same time, it can give full play to the technological textile advantages of the company's "Ruyi spinning" as the core, expand the high-end manufacturing scale of wool and cashmere yarn, improve the profitability of the company, further enhance the comprehensive economic efficiency of the company, achieve the unity of economic, ecological and social benefits, and promote sustainable development, which is in line with the company's long and long development plan.

In the future, the company will further expand its capacity in the field of wool textile, enhance its market position and core competitiveness, and further establish Ruyi group's leading domestic and international leading position in the same industry.

According to the insiders, Ruyi group has made great efforts in the wool textile industry for many years, leading technology and accumulating better customer resources both at home and abroad.

But limited by the demand and cost fluctuation of the wool textile industry, it is necessary for the company to open up a larger market and enhance its profitability.

It is reported that the main business of Shandong Ruyi is the design, production and sale of high end worsted fabrics, leading technology in the industry.

Worsted fabric is a high-end product in the wool textile industry. It has high technology content and is known as the "golden noble" of textile products, mainly used for high-end clothing.

Over the years, the company has focused on technology research and development, leading many technologies in worsted fabrics, reaching international advanced level, and has won many awards at home and abroad.

The company's products occupy the domestic high-end market of worsted fabrics, and are favored by high-end professional clothing and brand clothing.

On the export side, the company sells products to more than 20 countries and regions, including Japan, South Korea, Europe, America, Hong Kong and Taiwan, and has a mature and stable international well-known brand customer group.

According to the financial report, the first three quarters of 2018, Ruyi group achieved an operating income of 884 million yuan, an increase of 21.14% over the same period last year, and a net profit of 35 million 709 thousand and 300 yuan attributable to shareholders of listed companies, an increase of 61.11% over the same period last year.