| Company Profile: |
China Resources Textiles (Holdings) Co., Ltd. is a wholly owned subsidiary for Hong Kong’s listed company China Resources Enterprise, Limited (0291). The company has a subsidiary China Resources Textiles Investment & Development Co., Ltd. and is mainly engaged in the production, processing and distribution of textile and garments. It also owns 16 production subsidiaries which the company wholly owns or has a controlling stake in Shandong, Jiangsu, Sichuan, Shanxi and Hebei. The company has a strong supply chain, highly efficient distribution network and has a well established value chain. Our customers are from both domestic and all over the world and our company is one of the well known big enterprises in China’s textile sector.
In September 2001, China Resources Textiles (Holdings) Co., Ltd. acquired 51% stake of a Shenzhen listed company, China Resources Jinhua Co., Ltd. and established a favorable platform for utilizing domestic capital markets.
China Resources Textiles (Holdings) Co., Ltd. has a total capital of 6.7 billion Hong Kong dollars and the annual turn over is 4.8 billion Hong Kong dollars. The production subsidiaries in Mainland China owns 1.12million spindles, 5200 weaving machines, 7 printing and dyeing lines, 20 nylon spinning lines, 45 DTY machines. The company can produce 100 thousand tons of various yarns, 160 million meters of various types of grey fabrics, it can also produce 17 thousand tons of Nylon 6 yarns, 12 million articles of garments, 160 tons of covering yarns of Spandex & Nylon as well as 18 million pairs of high class socks per year.
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