History of Sichuan Fanghua Yin Hua Co., Ltd.

Shehong County, Sichuan Province is one of the cotton-producing counties in the whole province, with a long history of cotton planting, with an annual planting of more than10.5 million mu. Shehong County Committee made a decision of 65,438+0.0966 according to the document of provincial character (65,438+0) 765,438+0 and the document of Mianyang Planning Commission (65,438+0.966) 27. 1April 1967 Land requisition 160.42 mu, designed capacity 18000 spindles, 528 looms. After nearly four years of construction, it was officially put into production on 197 1 New Year's Day. The name of the enterprise is "Shehong Cotton Textile Factory in Mianyang, Sichuan", which was later renamed as "Shehong Cotton Textile Factory in Sichuan".

The Third Plenary Session of the Eleventh Central Committee of the Party has brought vitality to enterprises. 1980, our company installed 44 sets of 44 "narrow looms. 1984 the enterprise implements the responsibility system of factory director and manager, and the workshop implements the contract piecework wage system. 1985 1 month 15000 ingots were added, and the expansion was completed. In the same year, Suining set up a city, and changed "Sichuan Shehong Cotton Textile Factory" into a medium-sized cotton textile enterprise with Shi Fu Han (1985) No.63 document. 1986 completed the second-phase 75 "wide renovation project of 208 sets. 1987, the enterprise raised funds on the basis of "tapping potential, innovation and transformation" and added 140 narrow-width looms based on the principle of "short, flat and fast". At the same time, Chuan (1986) No.295 approved Shehong Cotton Textile Factory to increase the production capacity of 6,300 cotton spindles and the warehouse of 2,000 square meters. 1990, introduced 1000 Czech steam spinning machine.

1991July merged Shehong No.2 Cotton Textile Factory and changed to "Shehong Cotton Textile Factory Jinhua Branch". 1992, the enterprise invested 4130,000 yuan to introduce two Japanese Toyota 7-1automatic winder and FA25 1B comber. In the same year, the enterprise started the "680 Project" construction again, adding 290 medium loom sets, and invested 6.5438+0.6 million dollars to establish "Sichuan Suining Chuanda Textile Co., Ltd." with Changzhi Investment Co., Ltd., and imported 27 rapier looms and their supporting equipment from Taiwan Province Yijin Machinery Industry Co., Ltd., forming a white denim with an annual output of 6.5438+0.7 million meters.

1994, the company was listed as one of the 253 large and medium-sized cotton textile enterprises in China, one of the key enterprises in Sichuan province 186, and the pilot unit of modern enterprise system reform in Suining city 14. In the same year, the company was reorganized into "Sichuan Yin Hua Textile Co., Ltd." with the approval of document (1994) No.92. The inaugural meeting was held on June 28th of the same year, and the company's chairman and board of supervisors were elected.

1995 12000 square meters saw tooth workshop was built, with an investment of 69.63 million yuan to introduce 40 Japanese Toyota 190 steam jet looms, 40 Italian 360 rapier looms, 2 American Ingersoll Rand air compressors and 2 million kcal bromination refrigeration projects.

1March, 995 18 merged Shehong Children's Wear Factory and changed it to "Chuanmei Garment Factory of Yin Hua Company".

1996165438+10, Sichuan Yin Hua (group) co., ltd was established with the approval of Sichuan provincial economic and trade commission (1996) 125.

1997 1 was jointly rated as "national large-scale second-class enterprise" by the State Economic and Trade Commission, the Ministry of Finance, the State Planning Commission, the Ministry of Labor, the National Bureau of Statistics and the Ministry of Personnel.

65438+1June, 1998, according to the relevant national policies, Huacheng Investment Management Co., Ltd., the core enterprise of China Huacheng Group, was merged as a whole by debt, and was later renamed Sichuan Huacheng Yin Hua Group Co., Ltd.

1999 huacheng investment management co., ltd invested the excellent assets of Sichuan huacheng Yin Hua group and its acquisition company Zhejiang HSBC garment factory in fanghua co., ltd, accounting for 52.97% of the shares of fanghua, becoming the largest shareholder of fanghua (including 3 1.65% of huacheng Yin Hua group assets). Fanghua shares invested in Huacheng Investment Management Company in Sichuan Fanghua Yin Hua Co., Ltd., a registered subsidiary of Shehong, Sichuan, and Zhejiang Fanghua Co., Ltd., a registered subsidiary of Huzhou, Zhejiang. Fanghua shares were publicly listed on the Shanghai Stock Exchange on July 26th, 2006 (stock code 600448).

Sichuan Fanghua Yin Hua Co., Ltd. has an initial registered capital of 38 million yuan (of which Fanghua Co., Ltd. contributed 37 million yuan, accounting for 97.36%, and Sichuan Huacheng Yin Hua Group Co., Ltd. contributed 1 ten thousand yuan, accounting for 2.64%). On March 30, 2000, Fanghua Co., Ltd. increased its capital by 3,665,438+500,000 yuan, and its registered capital was 7,465,438+500,000 yuan. On April 30, 2002, Fanghua Co., Ltd. increased its capital by 73 million yuan, and its registered capital reached 654.38+47.5 million yuan (including: Fanghua Co., Ltd. contributed 654.38+46.5 million yuan, accounting for 99.32%, and Sichuan Huacheng Yin Hua Group Co., Ltd. contributed 1 10,000 yuan, accounting for 0.68%).

In 2005, Shehong County held high the banner of demonstration hill and strong industrial county, increased investment attraction and vigorously developed industrial economy, and built three industrial cities, namely Tuopai, Yin Hua and Mei Feng, with Fanghua Yin Hua as the leader in the north of the county, and made great efforts to build textile and home textile industrial parks. The company implemented the fourth phase of technical transformation, with a loan of US$ 2.7 million from the Italian government and a matching investment of RMB 2.99 million. It introduced 36 advanced Italian shuttleless looms and 4 automatic winder machines, forming an annual production capacity of 2.3 million meters of high-grade decorative fabrics. Invest 25.6 million yuan to build a new high count yarn production line with an annual output of 760 tons and 30,000 spindles, further solve the spinning technical bottleneck in the fabric production process, develop and produce high-grade combed home textile fabrics, and improve the added value of products; Invest 250,000 yuan to implement the high-grade jacquard home textile project, and build two new high-grade home textile production lines with an annual output of 65,438+200,000 pieces (sets) to realize the development of the company's jacquard fabrics to the final products.

In 2006, the company newly requisitioned land 1.20 mu to build Yin Hua Home Textile Industrial Park, with a supporting investment of 20.35 million yuan, and completed the "three links and one leveling" and supporting pipe network, water and electricity installation, fence, main 20,000 square meters steel structure workshop and supporting auxiliary rooms in the park, and requisitioned 70 mu of land next to the park for industrial and commercial development. The company ranks among the top textile enterprises 10 in Sichuan Province and the top 500 industrial enterprises in Sichuan Province.

At the end of 2008, China Huacheng Group went into bankruptcy liquidation, officially entered the judicial process on May 26, 2009, and declared policy bankruptcy on June 29. From June 5438 to February 2008, Sichuan Huacheng Yin Hua Group Co., Ltd. entered the bankruptcy liquidation procedure, and Yin Hua's employee status was terminated. In February 2009, Fanghua Yin Hua re-recruited workers to organize production.

The company has more than ten years of management experience in listed companies. With strong technical force, solid management foundation, excellent management team, realistic work style and honest management attitude, we will actively seek extensive cooperation with business partners, and will build the largest home textile production base in the west in three to five years, with 200,000 spindles, 1, 340 looms and 800 sewing machines. The annual output of all kinds of cotton yarn 125 15 tons (including 8000 tons of 60- 120 high count yarn), cotton cloth 34.5 million meters (including 310.5 million high count extra-wide home textile fabrics) and home textiles 4.2 million pieces (sets) (2.2 million pieces). The profit was 65.438+0.39 billion yuan, the tax revenue was 65.438+0.654.38+0.8 billion yuan, the foreign exchange earned by export was 65.438+0.5 billion dollars, and 3,298 new jobs were created.