Jilin Chemical Fiber Has Gradually Stepped Out Of Its Trough To Turn Losses Into Profits.

< p > reporters learned at the Symposium on the 50th anniversary industry chain of Jilin chemical fiber production and operation. In the first half of the year, Jilin chemical fiber was actively adjusting its product structure by consolidating traditional main industries, and the performance of the two wheel drive of "industrial development and capital operation" turned out to be a profit for the same period, and gradually fell out of the trough. The company expects net profit of 116 million -12600 million, compared with -11215 million last year. < /p >
< p > > a href= "http:// www.sjfzxm.com/news/index_c.asp" > Jilin chemical fiber < /a > is an important viscose fiber R & D, production and marketing enterprise in China, and has become the world's leading production base for biomass filament, the largest integrated production enterprise of bamboo fiber and pulp and fiber in the country. < /p >
< p > at present, the textile industry has entered a period of deep adjustment, and there has been a loss in the whole industry. In the face of this difficult situation, the company speeds up the quality of traditional products and constantly adjusts its structure and upgrading. In the first half of this year, when the filament prices were warmer, the company's a href= "http:// www.sjfzxm.com/news/index_c.asp" > viscose filament > /a > gross profit margin increased from 5% to 10% at the lowest time. < /p >
At the same time, the company has implemented the differentiation of < a href= "http:// www.sjfzxm.com/news/index_c.asp" > scale product < /a > at the same time, successfully developed a fire retardant fiber with safety protection function, has heat preservation, health care function of heat storage fiber, high color fastness, colourful and eco-friendly raw liquid dyed fiber, used to produce flat fibers such as fur and plush toys and other high-end consumption areas, as well as the national patent anti pilling fiber, and so on, and continues to the high-end market extension. P < /p >
< p > since last year, the company has intensified efforts in the development of viscose pulp products to promote the development of viscose pulp in military, civilian, industrial and other fields. At present, the quality of cotton pulp products used for cellulose acetate has surpassed the level of similar products in the United States. Medical and food grade refined cotton pulp has successfully hit the high-end market with its high added value. The nitrifying pulp used in the field of military products and the cotton pulp used for special filter paper used in the field of high-grade automobile three filter paper have been recognized and subscribed by customers. < /p >
< p > in terms of capital operation, the company constantly optimizes its asset structure. At the beginning of this year, the company's share of Hebei Jilin 98.645% and Hunan Topp 50.33% were transferred to Jilin railway investment and Development Co., Ltd., and the investment income was estimated to be about 110 million yuan. < /p >
< p > the company's fixed increase plan has been approved by the China Securities Regulatory Commission's issuance examination committee. The company intends to increase its stock price to 9 strategic investors by no more than 338 million shares at the price of 2.66 yuan / share, raising about 900 million yuan to repay bank loans and replenish liquidity. Some analysts said that after the issuance and implementation of the additional funds, the company's asset liability ratio (consolidated statement) fell from 90.07% to 70.17%, capital structure will be significantly improved, reducing the cost of transformation and upgrading of the company, which is conducive to enhancing the overall risk resisting ability of the company and laying a good foundation for future development. < /p >