Anhui Huamao Textile Co., Ltd. (hereinafter referred to as “Huamao Shares”) announced on the evening of July 7 that it planned to transfer the company’s joint-stock company Desheng Textile Printing and Dyeing (Anqing) through a public listing on the Equity Exchange Center. ) Co., Ltd.’s 16.68% equity, the lowest price for listing and transfer is not less than 23.4979 million yuan.
Desheng Printing and Dyeing was established in April 2010 with a registered capital of 140 million yuan, of which Desheng (Shishi) Co., Ltd. holds 83.32% of the shares and Anhui Huamao Textile Co., Ltd. holds 16.68% of the shares. The business scope of Desheng Printing and Dyeing is textile dyeing, printing, finishing, processing and sales of high-end fabrics.
Anhui Huamao Group Co., Ltd., the parent company of Huamao Co., Ltd., was founded in 1958. It is a textile company that owns cotton, spinning, weaving, fabrics, clothing, non-woven fabrics, etc. A large enterprise group in the industrial chain, Huamao Co., Ltd.’s products include yarn series products, gray fabric series products, yarn-dyed fabric series products and functional industrial fabrics, etc.
In 2020, Huamao Co., Ltd. achieved operating income of 3.39 billion, a year-on-year increase of 13.9%; net profit attributable to the parent company was 220 million, A year-on-year increase of 12.4%; in the first quarter of 2021, the company achieved total operating income of 780 million, a year-on-year increase of 42.9%; net profit attributable to the parent company was -24.627 million, compared with -170 million in the same period last year, and the loss narrowed.
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